Pacer Advisors Inc. Has $14.31 Million Stock Position in Frontdoor Inc. $FTDR

Pacer Advisors Inc. increased its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 4,941.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 248,056 shares of the company’s stock after purchasing an additional 243,136 shares during the period. Pacer Advisors Inc. owned 0.34% of Frontdoor worth $14,310,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Frontdoor by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company’s stock worth $1,761,000 after acquiring an additional 1,994 shares during the period. Millennium Management LLC increased its holdings in shares of Frontdoor by 533.0% during the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock worth $11,814,000 after acquiring an additional 258,920 shares during the last quarter. Empowered Funds LLC raised its stake in Frontdoor by 10.5% in the 1st quarter. Empowered Funds LLC now owns 11,008 shares of the company’s stock valued at $423,000 after acquiring an additional 1,044 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Frontdoor by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company’s stock valued at $9,126,000 after acquiring an additional 13,134 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in Frontdoor by 164.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after purchasing an additional 497 shares during the last quarter.

Frontdoor Stock Performance

NASDAQ:FTDR opened at $71.53 on Friday. The stock has a market cap of $5.02 billion, a P/E ratio of 20.50 and a beta of 1.50. The stock has a 50 day simple moving average of $63.39 and a 200 day simple moving average of $60.10. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.95. Frontdoor Inc. has a 1-year low of $48.47 and a 1-year high of $71.76.

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

Wall Street Analyst Weigh In

FTDR has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Weiss Ratings lowered shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. The Goldman Sachs Group upgraded shares of Frontdoor from a “sell” rating to a “neutral” rating and raised their target price for the stock from $50.00 to $67.00 in a research note on Monday, March 2nd. Oppenheimer reaffirmed an “outperform” rating and set a $70.00 target price on shares of Frontdoor in a report on Thursday, February 26th. Finally, Benchmark began coverage on shares of Frontdoor in a research note on Thursday, March 26th. They issued a “buy” rating and a $80.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Frontdoor has an average rating of “Moderate Buy” and an average target price of $72.00.

Frontdoor Company 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.