Y Intercept Hong Kong Ltd Increases Position in Frontdoor Inc. (NASDAQ:FTDR)

Y Intercept Hong Kong Ltd raised its stake in shares of Frontdoor Inc. (NASDAQ:FTDR - Free Report) by 401.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,826 shares of the company's stock after purchasing an additional 23,873 shares during the period. Y Intercept Hong Kong Ltd's holdings in Frontdoor were worth $1,146,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the business. Wasatch Advisors LP bought a new stake in Frontdoor in the fourth quarter worth about $56,507,000. Price T Rowe Associates Inc. MD increased its holdings in Frontdoor by 621.4% during 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 buying an additional 758,947 shares during the period. Reinhart Partners LLC. increased its holdings in Frontdoor by 16.2% during 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 during the period. Raymond James Financial Inc. purchased a new position in Frontdoor during the fourth quarter valued at approximately $17,465,000. Finally, Norges Bank purchased a new position in Frontdoor in the fourth quarter worth $14,358,000.

Frontdoor Stock Performance

NASDAQ:FTDR traded down $0.18 during mid-day trading on Monday, hitting $58.80. The company's stock had a trading volume of 55,528 shares, compared to its average volume of 741,810. Frontdoor Inc. has a 1 year low of $35.61 and a 1 year 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 business's fifty day moving average is $57.24 and its two-hundred day moving average is $51.37. The stock has a market cap of $4.33 billion, a price-to-earnings ratio of 19.06 and a beta of 1.28.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.64 earnings per share 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 during the quarter, compared to analysts' expectations of $416.37 million. During the same quarter in the previous year, the company earned $0.44 earnings per share. The firm's revenue for the quarter was up 12.7% on a year-over-year basis. Analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lifted their price target on shares of Frontdoor from $50.00 to $55.00 and gave the stock 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.