Caxton Associates LLP Invests $432,000 in Frontdoor Inc. $FTDR

Caxton Associates LLP bought a new stake in Frontdoor Inc. (NASDAQ:FTDR) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,167 shares of the company’s stock, valued at approximately $432,000.

A number of other hedge funds have also made changes to their positions in the stock. Private Trust Co. NA boosted its stake in shares of Frontdoor by 256.3% during the 4th quarter. Private Trust Co. NA now owns 563 shares of the company’s stock worth $32,000 after acquiring an additional 405 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Frontdoor by 164.6% during the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after buying an additional 497 shares during the last quarter. Quarry LP lifted its position in shares of Frontdoor by 429.5% in the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after acquiring an additional 713 shares during the period. Global Retirement Partners LLC boosted its stake in Frontdoor by 8,376.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock worth $64,000 after buying an additional 1,089 shares in the last quarter. Finally, Huntington National Bank boosted its holdings in Frontdoor by 18.8% during the fourth quarter. Huntington National Bank now owns 1,723 shares of the company’s stock valued at $99,000 after purchasing an additional 273 shares in the last quarter.

Frontdoor Price Performance

Shares of NASDAQ FTDR opened at $72.57 on Tuesday. The company has a debt-to-equity ratio of 4.95, a current ratio of 1.47 and a quick ratio of 1.47. The business has a 50-day moving average of $70.04 and a 200-day moving average of $63.61. The stock has a market capitalization of $5.10 billion, a price-to-earnings ratio of 20.79 and a beta of 1.46. Frontdoor Inc. has a fifty-two week low of $48.47 and a fifty-two week high of $80.73.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The company had revenue of $451.00 million for the quarter, compared to analysts’ expectations of $442.28 million. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. Frontdoor’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 EPS. As a group, sell-side analysts predict that Frontdoor Inc. will post 4.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Truist Financial set a $82.00 target price on shares of Frontdoor in a research report on Friday. Weiss Ratings downgraded shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $74.75.

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.