Frontdoor Inc. $FTDR Shares Acquired by Brant Point Investment Management LLC

Brant Point Investment Management LLC lifted its stake in shares of Frontdoor Inc. (NASDAQ:FTDR) by 33.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,000 shares of the company’s stock after buying an additional 15,000 shares during the quarter. Brant Point Investment Management LLC owned approximately 0.08% of Frontdoor worth $3,461,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in FTDR. Private Trust Co. NA grew its position in shares of Frontdoor by 256.3% during the fourth quarter. Private Trust Co. NA now owns 563 shares of the company’s stock worth $32,000 after buying an additional 405 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings 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 period. Quarry LP boosted its holdings in Frontdoor by 429.5% in the third quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after purchasing an additional 713 shares during the period. Global Retirement Partners LLC boosted its holdings in Frontdoor by 8,376.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock worth $64,000 after purchasing an additional 1,089 shares during the period. Finally, LSV Asset Management acquired a new position in Frontdoor in the third quarter worth $87,000.

Frontdoor Stock Performance

FTDR stock opened at $68.83 on Friday. The company has a debt-to-equity ratio of 4.95, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market capitalization of $4.83 billion, a price-to-earnings ratio of 19.72 and a beta of 1.50. Frontdoor Inc. has a 1 year low of $48.47 and a 1 year high of $70.77. The stock’s fifty day moving average is $61.90 and its two-hundred day moving average is $59.52.

Frontdoor (NASDAQ:FTDR) last posted 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 return on equity of 118.62% and a net margin of 12.22%.The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $0.64 earnings per share. On average, research analysts predict that Frontdoor Inc. will post 4.48 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. The Goldman Sachs Group raised shares of Frontdoor from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $50.00 to $67.00 in a report on Monday, March 2nd. Wall Street Zen downgraded shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Oppenheimer reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Frontdoor in a report on Thursday, February 26th. Weiss Ratings downgraded shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Finally, Benchmark assumed coverage on shares of Frontdoor in a report on Thursday, March 26th. They issued a “buy” rating and a $80.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Frontdoor presently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

About Frontdoor

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.