Frontdoor Inc. $FTDR Stock Sold by Fenimore Asset Management Inc

Fenimore Asset Management Inc decreased its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 27.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 173,780 shares of the company’s stock after selling 65,322 shares during the period. Fenimore Asset Management Inc’s holdings in Frontdoor were worth $12,707,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. QRG Capital Management Inc. raised its stake in Frontdoor by 9.9% during the 2nd quarter. QRG Capital Management Inc. now owns 10,347 shares of the company’s stock valued at $803,000 after acquiring an additional 928 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Frontdoor by 8.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 14,017 shares of the company’s stock valued at $1,088,000 after purchasing an additional 1,044 shares during the period. Nykredit A S acquired a new position in shares of Frontdoor in the second quarter valued at approximately $332,000. Parkside Financial Bank & Trust raised its stake in shares of Frontdoor by 29.0% during the second quarter. Parkside Financial Bank & Trust now owns 2,271 shares of the company’s stock worth $176,000 after purchasing an additional 511 shares during the last quarter. Finally, Corient Private Wealth LP lifted its holdings in shares of Frontdoor by 5.8% during the second quarter. Corient Private Wealth LP now owns 5,807 shares of the company’s stock worth $447,000 after purchasing an additional 316 shares during the period.

Frontdoor Price Performance

NASDAQ:FTDR traded up $1.78 during trading hours on Thursday, hitting $79.59. The company’s stock had a trading volume of 538,110 shares, compared to its average volume of 602,667. The business’s 50-day moving average is $80.05 and its two-hundred day moving average is $70.76. The company has a market capitalization of $5.48 billion, a PE ratio of 21.11 and a beta of 1.53. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.59 and a current ratio of 1.59. Frontdoor Inc. has a 52-week low of $48.47 and a 52-week high of $93.43.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Thursday, August 6th. The company reported $1.93 EPS for the quarter, topping the consensus estimate of $1.76 by $0.17. Frontdoor had a net margin of 12.72% and a return on equity of 120.90%. The company had revenue of $645.00 million for the quarter, compared to analyst estimates of $643.40 million. During the same period in the previous year, the firm earned $1.63 EPS. The business’s revenue was up 4.5% on a year-over-year basis. As a group, research analysts anticipate that Frontdoor Inc. will post 4.67 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on FTDR. Oppenheimer boosted their price objective on shares of Frontdoor from $70.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Weiss Ratings downgraded shares of Frontdoor from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Wolfe Research upgraded shares of Frontdoor to an “outperform” rating in a research note on Monday, August 24th. JPMorgan Chase & Co. started coverage on shares of Frontdoor in a report on Monday, August 24th. They set a “neutral” rating and a $95.00 price target for the company. Finally, Benchmark raised their price objective on shares of Frontdoor from $80.00 to $96.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $92.60.

Frontdoor Profile

Frontdoor, Inc (NASDAQ: FTDR) is a provider of home warranty and home services in the United States. The company helps homeowners manage the cost and inconvenience of repairing or replacing covered home systems and appliances by connecting them with qualified service professionals.

Frontdoor’s portfolio includes American Home Shield, a major home warranty brand, along with 2-10 Home Buyers Warranty, HSA Home Warranty and Landmark Home Warranty. Its services generally cover items such as heating and cooling systems, electrical and plumbing systems, kitchen appliances and other household equipment, subject to the terms of individual contracts.

In addition to warranty plans, Frontdoor operates home services offerings that support homeowners, real estate professionals, contractors and service providers.