Mackenzie Financial Corp Sells 9,221 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Mackenzie Financial Corp lowered its position in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 40.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,411 shares of the company's stock after selling 9,221 shares during the quarter. Mackenzie Financial Corp's holdings in Frontdoor were worth $733,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in Frontdoor by 37.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 41,971 shares of the company's stock worth $2,295,000 after acquiring an additional 11,385 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Frontdoor by 332.8% during the fourth quarter. Blue Trust Inc. now owns 1,701 shares of the company's stock valued at $93,000 after acquiring an additional 1,308 shares during the last quarter. Pacer Advisors Inc. raised its stake in Frontdoor by 4.8% in the fourth quarter. Pacer Advisors Inc. now owns 7,854 shares of the company's stock worth $429,000 after buying an additional 357 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Frontdoor by 188.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 76,232 shares of the company's stock worth $4,168,000 after buying an additional 49,823 shares in the last quarter. Finally, Caprock Group LLC bought a new position in shares of Frontdoor during the fourth quarter valued at approximately $208,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. increased 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. Truist Financial lifted their target price on shares of Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, The Goldman Sachs Group lowered 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.

Frontdoor Price Performance

NASDAQ FTDR traded down $0.19 on Thursday, reaching $56.95. The company had a trading volume of 427,071 shares, compared to its average volume of 735,370. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $4.19 billion, a PE ratio of 18.86 and a beta of 1.21. The firm's 50 day moving average price is $47.14 and its 200 day moving average price is $51.18. Frontdoor, Inc. has a 12 month low of $32.95 and a 12 month high of $63.49.

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