Assetmark Inc. Cuts Stake in Frontdoor Inc. $FTDR

Assetmark Inc. decreased its position in Frontdoor Inc. (NASDAQ:FTDR) by 81.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,987 shares of the company’s stock after selling 21,959 shares during the period. Assetmark Inc.’s holdings in Frontdoor were worth $264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in FTDR. Private Trust Co. NA lifted its position in Frontdoor by 256.3% in the fourth quarter. Private Trust Co. NA now owns 563 shares of the company’s stock valued at $32,000 after purchasing an additional 405 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after buying an additional 497 shares in the last quarter. Quarry LP raised its stake in shares of Frontdoor by 429.5% during the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after buying an additional 713 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Frontdoor by 8,376.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after buying an additional 1,089 shares during the period. Finally, Huntington National Bank lifted its holdings in shares of Frontdoor by 18.8% in the 4th quarter. Huntington National Bank now owns 1,723 shares of the company’s stock valued at $99,000 after buying an additional 273 shares during the period.

Frontdoor Stock Performance

Shares of FTDR opened at $72.57 on Tuesday. Frontdoor Inc. has a 12-month low of $48.47 and a 12-month high of $80.73. The stock has a market cap of $5.10 billion, a P/E ratio of 20.79 and a beta of 1.46. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.95. The company has a 50-day moving average of $70.04 and a two-hundred day moving average of $63.61.

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

Analyst Ratings Changes

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

Frontdoor 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.