Two Sigma Securities LLC Has $286,000 Stock Position in Frontdoor Inc. $FTDR

Two Sigma Securities LLC cut its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 75.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,682 shares of the company’s stock after selling 11,353 shares during the period. Two Sigma Securities LLC’s holdings in Frontdoor were worth $286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FTDR. Keating Financial Advisory Services Inc. bought a new position in Frontdoor in the 2nd quarter valued at about $25,000. Public Employees Retirement System of Ohio acquired a new position in Frontdoor during the 2nd quarter valued at about $58,000. EverSource Wealth Advisors LLC increased its holdings in 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 purchasing an additional 497 shares in the last quarter. Quarry LP increased its holdings in Frontdoor by 429.5% during the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after purchasing an additional 713 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Frontdoor in the second quarter worth approximately $83,000.

Frontdoor Stock Performance

Shares of FTDR opened at $82.71 on Friday. The stock has a 50 day moving average of $78.77 and a 200 day moving average of $68.10. The company has a market capitalization of $5.70 billion, a price-to-earnings ratio of 21.94 and a beta of 1.50. Frontdoor Inc. has a 12 month low of $48.47 and a 12 month high of $93.43. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 3.98.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.17. Frontdoor had a return on equity of 120.90% and a net margin of 12.72%.The firm had revenue of $645.00 million during the quarter, compared to the consensus estimate of $643.40 million. During the same quarter in the prior year, the company earned $1.63 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. As a group, sell-side analysts forecast that Frontdoor Inc. will post 4.67 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on FTDR. Oppenheimer raised their target price on Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 7th. JPMorgan Chase & Co. started coverage on Frontdoor in a research report on Monday, August 24th. They issued a “neutral” rating and a $95.00 price target for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Frontdoor in a research note on Tuesday, August 18th. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Frontdoor in a report on Friday, August 7th. Finally, Benchmark upped their target price on shares of Frontdoor from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Frontdoor has a consensus rating of “Moderate Buy” and a consensus target price of $92.60.

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.