Hussman Strategic Advisors Inc. Invests $1.61 Million in Frontdoor Inc. (NASDAQ:FTDR)

Hussman Strategic Advisors Inc. acquired a new stake in Frontdoor Inc. (NASDAQ:FTDR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 42,000 shares of the company's stock, valued at approximately $1,614,000. Hussman Strategic Advisors Inc. owned 0.06% of Frontdoor at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. grew its holdings in shares of Frontdoor by 2.3% in the first 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 period. Oppenheimer Asset Management Inc. grew its holdings in shares of Frontdoor by 48.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 24,317 shares of the company's stock valued at $934,000 after purchasing an additional 7,967 shares during the period. GAMMA Investing LLC grew its holdings in shares of Frontdoor by 16.5% in the first quarter. GAMMA Investing LLC now owns 2,447 shares of the company's stock valued at $94,000 after purchasing an additional 347 shares during the period. ExodusPoint Capital Management LP purchased a new stake in shares of Frontdoor in the fourth quarter valued at about $8,144,000. Finally, Blue Trust Inc. grew its holdings in shares of Frontdoor by 70.3% in 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 during the period.

Analyst Ratings Changes

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

Frontdoor Trading Down 1.6%

NASDAQ FTDR traded down $0.94 during trading hours on Monday, reaching $56.84. The company had a trading volume of 102,490 shares, compared to its average volume of 710,244. The stock has a 50-day moving average of $56.86 and a 200 day moving average of $51.27. Frontdoor Inc. has a 1-year low of $35.61 and a 1-year high of $63.49. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 5.88. The stock has a market capitalization of $4.18 billion, a P/E ratio of 18.38 and a beta of 1.28.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.64 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $416.37 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. Frontdoor's revenue for the quarter was up 12.7% compared to the same quarter last year. As a group, research analysts anticipate that Frontdoor Inc. will post 3.07 earnings per share 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.