Frontdoor Inc. $FTDR Shares Sold by Caxton Associates LLP

Caxton Associates LLP decreased its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 46.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,106 shares of the company’s stock after selling 24,971 shares during the quarter. Caxton Associates LLP’s holdings in Frontdoor were worth $1,716,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in FTDR. Bessemer Group Inc. boosted its position in Frontdoor by 322.1% in the 2nd quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock valued at $30,000 after buying an additional 393 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Frontdoor in the first quarter valued at $42,000. EverSource Wealth Advisors LLC grew its stake in Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after purchasing an additional 497 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new stake in Frontdoor during the 2nd quarter worth about $72,000. Finally, Huntington National Bank increased its holdings in Frontdoor by 56.0% during the 2nd quarter. Huntington National Bank now owns 1,482 shares of the company’s stock worth $87,000 after purchasing an additional 532 shares during the period.

Wall Street Analysts Forecast Growth

FTDR has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Frontdoor in a research report on Monday, December 8th. Wall Street Zen downgraded shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Finally, Zacks Research downgraded shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $59.75.

Frontdoor Price Performance

FTDR stock opened at $54.71 on Monday. The business has a 50 day moving average price of $58.52 and a 200 day moving average price of $59.62. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 3.64. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 15.59 and a beta of 1.32. Frontdoor Inc. has a fifty-two week low of $35.61 and a fifty-two week high of $70.14.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Wednesday, November 5th. The company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. Frontdoor had a net margin of 12.87% and a return on equity of 122.74%. The company had revenue of $618.00 million for the quarter, compared to analysts’ expectations of $610.77 million. During the same quarter last year, the company earned $1.38 earnings per share. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. Equities research analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Frontdoor Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company’s home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.