Reinhart Partners LLC. Has $91.01 Million Position in Frontdoor, Inc. (NASDAQ:FTDR)

Reinhart Partners LLC. raised its position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 16.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,368,684 shares of the company's stock after acquiring an additional 331,066 shares during the quarter. Frontdoor makes up about 3.3% of Reinhart Partners LLC.'s holdings, making the stock its 6th biggest holding. Reinhart Partners LLC. owned about 3.17% of Frontdoor worth $91,005,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its position in shares of Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock worth $89,000 after purchasing an additional 1,239 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new position in Frontdoor in the 4th quarter valued at $467,000. Atria Investments Inc increased its holdings in shares of Frontdoor by 4.9% during the 4th quarter. Atria Investments Inc now owns 6,894 shares of the company's stock worth $377,000 after buying an additional 325 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of Frontdoor during the 4th quarter worth $208,000. Finally, ExodusPoint Capital Management LP purchased a new stake in Frontdoor during the 4th quarter worth $8,144,000.

Frontdoor Trading Up 1.7%

Shares of FTDR traded up $0.99 on Friday, reaching $57.94. 453,098 shares of the company's stock were exchanged, compared to its average volume of 734,000. Frontdoor, Inc. has a 12 month low of $32.95 and a 12 month high of $63.49. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $4.26 billion, a P/E ratio of 19.19 and a beta of 1.27. The business has a 50 day moving average price of $47.52 and a two-hundred day moving average price of $51.12.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.27. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The company had revenue of $426.00 million for the quarter, compared to analyst estimates of $416.37 million. During the same period in the prior year, the firm earned $0.44 earnings per share. The company's revenue was up 12.7% on a year-over-year basis. Research analysts anticipate that Frontdoor, Inc. will post 3.07 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research note on Monday, March 3rd. Truist Financial lifted their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. raised their price target on shares of Frontdoor from $50.00 to $55.00 and gave the company a "neutral" rating in a report on Tuesday, June 3rd.

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.