Duality Advisers LP Cuts Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Duality Advisers LP cut its holdings in Frontdoor, Inc. (NASDAQ:FTDR) by 12.0% in the fourth quarter, HoldingsChannel reports. The firm owned 24,526 shares of the company’s stock after selling 3,336 shares during the quarter. Duality Advisers LP’s holdings in Frontdoor were worth $864,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Frontdoor by 4.5% in the third quarter. Vanguard Group Inc. now owns 9,556,259 shares of the company’s stock valued at $292,326,000 after purchasing an additional 413,393 shares in the last quarter. Boston Partners boosted its stake in Frontdoor by 0.6% during the third quarter. Boston Partners now owns 4,753,785 shares of the company’s stock worth $145,400,000 after buying an additional 28,149 shares during the period. Reinhart Partners LLC. boosted its stake in Frontdoor by 11.0% during the fourth quarter. Reinhart Partners LLC. now owns 1,984,123 shares of the company’s stock worth $69,881,000 after buying an additional 197,019 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Frontdoor by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 845,636 shares of the company’s stock worth $25,868,000 after buying an additional 34,489 shares during the period. Finally, Liontrust Investment Partners LLP boosted its stake in Frontdoor by 33.2% during the third quarter. Liontrust Investment Partners LLP now owns 776,196 shares of the company’s stock worth $23,745,000 after buying an additional 193,325 shares during the period.

Frontdoor Stock Down 0.4 %

Shares of FTDR opened at $30.92 on Thursday. The firm has a market capitalization of $2.41 billion, a P/E ratio of 14.58 and a beta of 0.89. 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 fifty day moving average price of $31.44 and a 200-day moving average price of $32.74.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Wednesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.18. The firm had revenue of $366.00 million during the quarter, compared to analyst estimates of $360.47 million. Frontdoor had a net margin of 9.66% and a return on equity of 142.80%. The business’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. Equities research analysts expect that Frontdoor, Inc. will post 2.36 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company dropped their price objective on shares of 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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.40.

About Frontdoor

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.