Reinhart Partners Inc. reduced its holdings in shares of Frontdoor Inc (NASDAQ:FTDR) by 31.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 92,912 shares of the company’s stock after selling 43,234 shares during the quarter. Reinhart Partners Inc. owned approximately 0.11% of Frontdoor worth $4,513,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Steward Partners Investment Advisory LLC increased its position in Frontdoor by 67.5% in the third quarter. Steward Partners Investment Advisory LLC now owns 695 shares of the company’s stock worth $33,000 after buying an additional 280 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in Frontdoor by 5.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,044 shares of the company’s stock worth $264,000 after buying an additional 293 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Frontdoor by 2.0% in the second quarter. CIBC Private Wealth Group LLC now owns 19,310 shares of the company’s stock worth $841,000 after buying an additional 385 shares during the last quarter. Leith Wheeler Investment Counsel Ltd. increased its position in Frontdoor by 1.8% in the third quarter. Leith Wheeler Investment Counsel Ltd. now owns 33,450 shares of the company’s stock worth $1,625,000 after buying an additional 590 shares during the last quarter. Finally, Quest Capital Management Inc. ADV purchased a new stake in Frontdoor in the third quarter worth $38,000. Institutional investors and hedge funds own 94.98% of the company’s stock.
Shares of NASDAQ FTDR traded up $0.68 during mid-day trading on Friday, hitting $44.93. The company had a trading volume of 851,400 shares, compared to its average volume of 594,122. Frontdoor Inc has a 1 year low of $20.66 and a 1 year high of $53.29. The company has a market capitalization of $3.71 billion and a price-to-earnings ratio of 25.38. The stock’s 50-day moving average price is $49.13 and its 200-day moving average price is $45.42.
Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. Frontdoor had a negative return on equity of 54.13% and a net margin of 11.23%. The company had revenue of $407.00 million for the quarter, compared to the consensus estimate of $411.14 million. During the same quarter in the previous year, the business earned $0.49 EPS. Frontdoor’s revenue was up 8.0% compared to the same quarter last year. As a group, research analysts forecast that Frontdoor Inc will post 1.84 earnings per share for the current year.
FTDR has been the subject of a number of recent research reports. Zacks Investment Research downgraded Frontdoor from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Guggenheim raised their target price on Frontdoor from $43.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, August 19th. SunTrust Banks reissued a “buy” rating and issued a $50.00 target price on shares of Frontdoor in a research report on Monday, November 4th. Buckingham Research cut Frontdoor from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a research report on Wednesday, July 31st. Finally, Wells Fargo & Co cut Frontdoor from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $50.00 to $55.00 in a research report on Thursday, September 26th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.83.
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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