New York State Teachers Retirement System Purchases 7,237 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

New York State Teachers Retirement System increased its position in Frontdoor, Inc. (NASDAQ:FTDR) by 24.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,094 shares of the company’s stock after buying an additional 7,237 shares during the quarter. New York State Teachers Retirement System’s holdings in Frontdoor were worth $1,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of FTDR. Quarry LP lifted its holdings in shares of Frontdoor by 340.9% in the 1st quarter. Quarry LP now owns 1,067 shares of the company’s stock worth $30,000 after acquiring an additional 825 shares during the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Frontdoor in the 4th quarter valued at about $49,000. Tower Research Capital LLC TRC lifted its stake in shares of Frontdoor by 44.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 2,420 shares of the company’s stock valued at $67,000 after acquiring an additional 741 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Frontdoor during the 3rd quarter valued at about $88,000. Finally, Counterpoint Mutual Funds LLC bought a new position in Frontdoor during the 3rd quarter worth approximately $93,000.

Analyst Ratings Changes

Separately, Wells Fargo & Company dropped their price objective on Frontdoor from $40.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.40.

Frontdoor Stock Down 1.2 %

Shares of NASDAQ FTDR opened at $29.59 on Thursday. The firm has a fifty day simple moving average of $31.64 and a two-hundred day simple moving average of $32.69. Frontdoor, Inc. has a 12 month low of $26.09 and a 12 month high of $38.97. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 4.24. The firm has a market capitalization of $2.31 billion, a PE ratio of 13.96 and a beta of 0.89.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Wednesday, February 28th. The company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.18. Frontdoor had a net margin of 9.66% and a return on equity of 142.80%. The firm had revenue of $366.00 million for the quarter, compared to analysts’ expectations of $360.47 million. During the same quarter in the previous year, the business posted $0.13 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Equities analysts expect that Frontdoor, Inc. will post 2.35 earnings per share for the current 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.