Russell Investments Group Ltd. grew its holdings in Frontdoor Inc (NASDAQ:FTDR) by 21.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 391,383 shares of the company’s stock after buying an additional 68,310 shares during the period. Russell Investments Group Ltd. owned 0.46% of Frontdoor worth $18,987,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC raised its position in shares of Frontdoor by 67.5% in the third quarter. Steward Partners Investment Advisory LLC now owns 695 shares of the company’s stock valued at $33,000 after buying an additional 280 shares during the last quarter. Quest Capital Management Inc. ADV acquired a new stake in Frontdoor during the third quarter worth about $38,000. Harvest Fund Management Co. Ltd acquired a new stake in Frontdoor during the second quarter worth about $40,000. Quantamental Technologies LLC acquired a new stake in Frontdoor during the second quarter worth about $74,000. Finally, Aperio Group LLC acquired a new stake in Frontdoor during the second quarter worth about $78,000. Institutional investors and hedge funds own 94.98% of the company’s stock.
FTDR has been the subject of several recent analyst reports. Oppenheimer raised their price objective on shares of Frontdoor from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Guggenheim raised their price objective on shares of Frontdoor from $43.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. Wells Fargo & Co cut shares of Frontdoor from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $50.00 to $55.00 in a research report on Thursday, September 26th. Buckingham Research cut shares of Frontdoor from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research report on Wednesday, July 31st. Finally, SunTrust Banks restated a “buy” rating and set a $50.00 price objective on shares of Frontdoor in a research report on Monday, November 4th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $46.83.
Shares of FTDR traded up $0.68 during trading on Friday, reaching $44.93. 851,400 shares of the company traded hands, compared to its average volume of 594,122. The stock has a 50-day simple moving average of $49.13 and a 200-day simple moving average of $45.42. The stock has a market cap of $3.71 billion and a PE ratio of 25.38. Frontdoor Inc has a twelve month low of $20.66 and a twelve month high of $53.29.
Frontdoor (NASDAQ:FTDR) last announced its earnings results on Tuesday, November 5th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The business had revenue of $407.00 million for the quarter, compared to analysts’ expectations of $411.14 million. Frontdoor had a net margin of 11.23% and a negative return on equity of 54.13%. The company’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. Sell-side analysts predict that Frontdoor Inc will post 1.84 EPS for the current fiscal year.
frontdoor, inc. provides home service plans in the United States. The company's home service plans cover the repair or replacement of components of up to 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as central heating, ventilation and air conditioning systems.
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