Hussman Strategic Advisors Inc. Decreases Stake in Frontdoor Inc. $FTDR

Hussman Strategic Advisors Inc. lessened its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 30.0% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 29,400 shares of the company’s stock after selling 12,600 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Frontdoor were worth $1,733,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. KLP Kapitalforvaltning AS increased its position in shares of Frontdoor by 0.6% in the second quarter. KLP Kapitalforvaltning AS now owns 33,700 shares of the company’s stock worth $1,986,000 after acquiring an additional 200 shares in the last quarter. Blue Trust Inc. boosted its position in Frontdoor by 9.1% during the 2nd quarter. Blue Trust Inc. now owns 3,032 shares of the company’s stock worth $179,000 after purchasing an additional 252 shares during the period. Xponance Inc. increased its holdings in Frontdoor by 5.0% in the 1st quarter. Xponance Inc. now owns 5,971 shares of the company’s stock valued at $229,000 after purchasing an additional 285 shares in the last quarter. GAMMA Investing LLC increased its holdings in Frontdoor by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company’s stock valued at $94,000 after purchasing an additional 347 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in Frontdoor by 2.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 13,172 shares of the company’s stock valued at $492,000 after purchasing an additional 368 shares during the period.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Oppenheimer upped their target price on Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Weiss Ratings upgraded Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, October 25th. The Goldman Sachs Group increased their price objective on shares of Frontdoor from $44.00 to $50.00 and gave the company a “sell” rating in a research report on Wednesday, August 6th. Zacks Research cut shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. Finally, Truist Financial upped their target price on shares of Frontdoor from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $59.75.

Insider Transactions at Frontdoor

In other Frontdoor news, SVP Jeffrey Fiarman sold 129,673 shares of the stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $56.15, for a total transaction of $7,281,138.95. Following the transaction, the senior vice president directly owned 34,646 shares in the company, valued at $1,945,372.90. This represents a 78.92% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.48% of the stock is owned by corporate insiders.

Frontdoor Price Performance

FTDR stock opened at $65.47 on Tuesday. The stock’s 50 day moving average is $65.73 and its two-hundred day moving average is $58.96. Frontdoor Inc. has a 52-week low of $35.61 and a 52-week high of $70.14. The company has a market capitalization of $4.77 billion, a PE ratio of 19.31 and a beta of 1.35. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 4.56.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Tuesday, August 5th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.44 by $0.19. The company had revenue of $617.00 million during the quarter, compared to analysts’ expectations of $602.62 million. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The business’s revenue was up 13.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 EPS. Analysts predict that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

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.