Public Sector Pension Investment Board Purchases 33,261 Shares of Frontdoor Inc. $FTDR

Public Sector Pension Investment Board grew its position in Frontdoor Inc. (NASDAQ:FTDR) by 11.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 316,564 shares of the company’s stock after buying an additional 33,261 shares during the quarter. Public Sector Pension Investment Board owned 0.43% of Frontdoor worth $21,302,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Ethic Inc. bought a new stake in Frontdoor during the second quarter valued at about $222,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Frontdoor during the second quarter valued at about $348,000. RiverGlades Family Offices LLC bought a new stake in shares of Frontdoor in the 2nd quarter valued at about $236,000. Creative Planning boosted its holdings in shares of Frontdoor by 53.4% in the 2nd quarter. Creative Planning now owns 35,806 shares of the company’s stock valued at $2,110,000 after buying an additional 12,457 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in shares of Frontdoor by 3.7% in the 3rd quarter. Nordea Investment Management AB now owns 274,407 shares of the company’s stock worth $18,293,000 after buying an additional 9,880 shares during the last quarter.

Frontdoor Trading Down 0.9%

Shares of Frontdoor stock opened at $56.64 on Friday. The firm’s 50 day simple moving average is $57.81 and its two-hundred day simple moving average is $59.72. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 16.14 and a beta of 1.34. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $70.14. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 3.64.

Analyst Ratings Changes

A number of research firms recently commented on FTDR. Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frontdoor in a research report on Monday, December 29th. Finally, Truist Financial set a $71.00 price objective on Frontdoor in a research report on Monday, January 26th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Frontdoor presently has a consensus rating of “Hold” and a consensus price target of $59.75.

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.