Fiera Capital Corp Reduces Stock Position in Frontdoor Inc. $FTDR

Fiera Capital Corp lessened its stake in Frontdoor Inc. (NASDAQ:FTDR) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 728,069 shares of the company’s stock after selling 16,649 shares during the period. Fiera Capital Corp owned approximately 1.00% of Frontdoor worth $48,992,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new stake in shares of Frontdoor in the third quarter worth $35,000. Bessemer Group Inc. boosted its position in Frontdoor by 322.1% in the second quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock worth $30,000 after purchasing an additional 393 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Frontdoor by 164.6% in the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after purchasing an additional 497 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in shares of Frontdoor during the 2nd quarter valued at about $72,000. Finally, LSV Asset Management purchased a new stake in shares of Frontdoor during the 3rd quarter valued at about $87,000.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $55.60 on Friday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 3.64. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $70.14. The stock has a 50-day moving average price of $58.07 and a 200 day moving average price of $59.68. The stock has a market capitalization of $4.01 billion, a P/E ratio of 15.84 and a beta of 1.34.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FTDR shares. Wall Street Zen downgraded shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Frontdoor in a research report on Monday, December 29th. Finally, Truist Financial set a $71.00 price objective on shares of Frontdoor in a research report on Monday, January 26th. Two investment 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, Frontdoor currently has an average rating of “Hold” and an average price target of $59.75.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.