Frontdoor Inc. $FTDR Stake Raised by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. grew its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 7.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 154,540 shares of the company’s stock after purchasing an additional 10,300 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Frontdoor were worth $8,915,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in FTDR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Frontdoor by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company’s stock valued at $1,761,000 after acquiring an additional 1,994 shares during the period. Millennium Management LLC increased its stake in shares of Frontdoor by 533.0% during the first quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock valued at $11,814,000 after acquiring an additional 258,920 shares during the period. Empowered Funds LLC increased its stake in shares of Frontdoor by 10.5% during the first quarter. Empowered Funds LLC now owns 11,008 shares of the company’s stock valued at $423,000 after acquiring an additional 1,044 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Frontdoor by 5.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company’s stock valued at $9,126,000 after acquiring an additional 13,134 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Frontdoor by 164.6% during 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 period.

Frontdoor Trading Down 0.0%

Frontdoor stock opened at $62.07 on Friday. 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 firm has a market cap of $4.36 billion, a price-to-earnings ratio of 17.79 and a beta of 1.55. Frontdoor Inc. has a 1 year low of $48.47 and a 1 year high of $70.77. The firm’s 50 day moving average price is $60.18 and its two-hundred day moving average price is $58.55.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. The firm had revenue of $451.00 million for the quarter, compared to analyst estimates of $442.28 million. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 earnings per share. On average, research analysts predict that Frontdoor Inc. will post 4.48 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Oppenheimer reiterated an “outperform” rating and set a $70.00 price objective on shares of Frontdoor in a research note on Thursday, February 26th. The Goldman Sachs Group upgraded shares of Frontdoor from a “sell” rating to a “neutral” rating and raised their price objective for the company from $50.00 to $67.00 in a research note on Monday, March 2nd. Benchmark assumed coverage on shares of Frontdoor in a research note on Thursday, March 26th. They set a “buy” rating and a $80.00 price objective on the stock. Wall Street Zen lowered shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Finally, Weiss Ratings lowered shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Frontdoor currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.60.

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.