Clark Estates Inc. NY Cuts Stock Holdings in Frontdoor Inc. (NASDAQ:FTDR)

Clark Estates Inc. NY lowered its position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 27.6% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,522 shares of the company's stock after selling 15,473 shares during the quarter. Clark Estates Inc. NY owned 0.05% of Frontdoor worth $1,557,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in FTDR. Vestcor Inc purchased a new position in shares of Frontdoor in the 1st quarter valued at about $204,000. Fiera Capital Corp purchased a new position in Frontdoor in the first quarter valued at about $28,024,000. Mackenzie Financial Corp lifted its position in shares of Frontdoor by 9.6% during the 1st quarter. Mackenzie Financial Corp now owns 14,699 shares of the company's stock valued at $565,000 after acquiring an additional 1,288 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Frontdoor by 17.1% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,703 shares of the company's stock valued at $1,064,000 after acquiring an additional 4,038 shares during the period. Finally, Assetmark Inc. boosted its stake in shares of Frontdoor by 35,774.4% during the 1st quarter. Assetmark Inc. now owns 29,417 shares of the company's stock worth $1,130,000 after acquiring an additional 29,335 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price target on Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a research report on Tuesday, June 3rd.

Frontdoor Price Performance

Shares of FTDR traded down $0.40 during trading hours on Friday, reaching $58.10. 764,190 shares of the company traded hands, compared to its average volume of 518,447. The stock has a market capitalization of $4.28 billion, a PE ratio of 18.80 and a beta of 1.32. The stock has a fifty day simple moving average of $57.69 and a 200 day simple moving average of $51.52. Frontdoor Inc. has a fifty-two week low of $35.61 and a fifty-two week high of $63.49. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 5.88.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.37 by $0.27. The business had revenue of $426.00 million during the quarter, compared to the consensus estimate of $416.37 million. Frontdoor had a net margin of 12.59% and a return on equity of 121.05%. The company's quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 earnings per share. As a group, research analysts predict that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Frontdoor Company Profile

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.