Edgestream Partners L.P. Sells 24,157 Shares of Frontdoor Inc. (NASDAQ:FTDR)

Edgestream Partners L.P. trimmed its position in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 31.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,679 shares of the company's stock after selling 24,157 shares during the quarter. Edgestream Partners L.P. owned 0.07% of Frontdoor worth $2,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Frontdoor by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 408,982 shares of the company's stock valued at $15,713,000 after purchasing an additional 9,161 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Frontdoor by 48.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 24,317 shares of the company's stock worth $934,000 after purchasing an additional 7,967 shares during the period. GAMMA Investing LLC grew its holdings in Frontdoor by 16.5% during the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock valued at $94,000 after buying an additional 347 shares in the last quarter. ExodusPoint Capital Management LP bought a new position in shares of Frontdoor during the fourth quarter worth $8,144,000. Finally, Blue Trust Inc. grew its position in shares of Frontdoor by 70.3% during the first quarter. Blue Trust Inc. now owns 2,780 shares of the company's stock valued at $107,000 after purchasing an additional 1,148 shares in the last quarter.

Analyst Upgrades and Downgrades

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

Frontdoor Trading Down 0.7%

Shares of Frontdoor stock traded down $0.41 during trading on Friday, hitting $57.78. The stock had a trading volume of 578,455 shares, compared to its average volume of 712,652. Frontdoor Inc. has a 12 month low of $35.61 and a 12 month high of $63.49. The company has a debt-to-equity ratio of 5.88, a current ratio of 1.34 and a quick ratio of 1.34. The firm's fifty day simple moving average is $56.86 and its 200-day simple moving average is $51.27. The stock has a market cap of $4.25 billion, a PE ratio of 18.70 and a beta of 1.28.

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