Ancora Advisors LLC Sells 46,845 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Ancora Advisors LLC lowered its holdings in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 24.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,365 shares of the company's stock after selling 46,845 shares during the period. Ancora Advisors LLC owned about 0.19% of Frontdoor worth $8,002,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC raised its holdings in shares of Frontdoor by 7.7% in the 4th quarter. AQR Capital Management LLC now owns 77,243 shares of the company's stock worth $4,223,000 after purchasing an additional 5,555 shares during the period. Lido Advisors LLC increased its holdings in Frontdoor by 22.7% in the 4th quarter. Lido Advisors LLC now owns 6,345 shares of the company's stock worth $347,000 after acquiring an additional 1,173 shares during the last quarter. Northern Trust Corp lifted its holdings in Frontdoor by 10.4% during the fourth quarter. Northern Trust Corp now owns 933,652 shares of the company's stock valued at $51,043,000 after purchasing an additional 88,215 shares during the last quarter. Tudor Investment Corp ET AL boosted its position in Frontdoor by 34.6% during the fourth quarter. Tudor Investment Corp ET AL now owns 10,833 shares of the company's stock worth $592,000 after purchasing an additional 2,782 shares during the period. Finally, Oberweis Asset Management Inc. increased its stake in shares of Frontdoor by 13.6% in the fourth quarter. Oberweis Asset Management Inc. now owns 467,500 shares of the company's stock worth $25,558,000 after purchasing an additional 56,100 shares in the last quarter.

Frontdoor Trading Down 0.3 %

Frontdoor stock traded down $0.18 during mid-day trading on Friday, reaching $53.29. 232,097 shares of the company traded hands, compared to its average volume of 736,845. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. Frontdoor, Inc. has a 52-week low of $32.95 and a 52-week high of $63.49. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 17.65 and a beta of 1.21. The firm's 50 day moving average price is $40.66 and its 200 day moving average price is $50.96.

Frontdoor (NASDAQ:FTDR - Get Free Report) last announced 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 12.87% and a return on equity of 132.99%. The firm had revenue of $426.00 million for the quarter, compared to analysts' expectations of $416.37 million. During the same quarter in the previous year, the business posted $0.44 EPS. The company's quarterly revenue was up 12.7% on a year-over-year basis. On average, analysts anticipate that Frontdoor, Inc. will post 3.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on FTDR shares. Truist Financial raised their target price on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. The Goldman Sachs Group reduced their price objective on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. lowered shares of Frontdoor from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $58.00 to $40.00 in a report on Tuesday, April 22nd.

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.