Edgestream Partners L.P. Has $2.02 Million Holdings in Frontdoor Inc. (NASDAQ:FTDR)

Edgestream Partners L.P. trimmed its holdings in Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 31.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 52,679 shares of the company's stock after selling 24,157 shares during the period. Edgestream Partners L.P. owned approximately 0.07% of Frontdoor worth $2,024,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of FTDR. Wasatch Advisors LP acquired a new position in shares of Frontdoor during the 4th quarter worth about $56,507,000. Price T Rowe Associates Inc. MD increased its holdings in Frontdoor by 621.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 881,083 shares of the company's stock valued at $48,169,000 after purchasing an additional 758,947 shares during the period. Reinhart Partners LLC. lifted its stake in shares of Frontdoor by 16.2% in the first quarter. Reinhart Partners LLC. now owns 2,368,684 shares of the company's stock valued at $91,005,000 after buying an additional 331,066 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Frontdoor during the 4th quarter valued at $17,465,000. Finally, Norges Bank bought a new position in Frontdoor during the fourth quarter valued at approximately $14,358,000.

Analyst Ratings Changes

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

Frontdoor Trading Down 0.8%

Frontdoor stock traded down $0.45 during midday trading on Monday, reaching $57.33. The stock had a trading volume of 596,443 shares, compared to its average volume of 712,187. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $63.49. The firm's fifty day simple moving average is $56.86 and its two-hundred day simple moving average is $51.27. The firm has a market cap of $4.22 billion, a price-to-earnings ratio of 18.55 and a beta of 1.28. The company has a debt-to-equity ratio of 5.88, a current ratio of 1.34 and a quick ratio of 1.34.

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

Frontdoor 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.