Los Angeles Capital Management LLC Trims Stock Position in Frontdoor Inc. $FTDR

Los Angeles Capital Management LLC cut its stake in Frontdoor Inc. (NASDAQ:FTDR) by 32.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,422 shares of the company’s stock after selling 17,951 shares during the period. Los Angeles Capital Management LLC owned about 0.05% of Frontdoor worth $2,159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. 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 acquiring an additional 405 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Frontdoor by 164.6% in the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after acquiring an additional 497 shares during the last quarter. Quarry LP lifted its position in Frontdoor by 429.5% in the third quarter. Quarry LP now owns 879 shares of the company’s stock valued at $59,000 after acquiring an additional 713 shares during the last quarter. Global Retirement Partners LLC lifted its position in Frontdoor by 8,376.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after acquiring an additional 1,089 shares during the last quarter. Finally, LSV Asset Management purchased a new stake in Frontdoor in the third quarter valued at $87,000.

Analyst Ratings Changes

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

Frontdoor Price Performance

Shares of NASDAQ:FTDR opened at $65.87 on Wednesday. The company has a 50-day simple moving average of $61.01 and a 200-day simple moving average of $59.22. Frontdoor Inc. has a one year low of $48.47 and a one year high of $70.77. The company has a debt-to-equity ratio of 4.95, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of 18.87 and a beta of 1.50.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Thursday, April 30th. The company reported $0.73 EPS for the quarter, beating 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 in the prior year, the company earned $0.64 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. On average, analysts predict that Frontdoor Inc. will post 4.48 EPS for the current year.

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.