Graham Capital Management L.P. Acquires Shares of 8,175 Frontdoor, Inc. (NASDAQ:FTDR)

Graham Capital Management L.P. acquired a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,175 shares of the company's stock, valued at approximately $447,000.

A number of other hedge funds have also recently made changes to their positions in FTDR. Bessemer Group Inc. grew its holdings in shares of Frontdoor by 514.7% in the fourth quarter. Bessemer Group Inc. now owns 627 shares of the company's stock valued at $34,000 after purchasing an additional 525 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Frontdoor in the fourth quarter valued at $60,000. TD Private Client Wealth LLC grew its stake in Frontdoor by 12.9% during the 4th quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock worth $87,000 after purchasing an additional 183 shares in the last quarter. Blue Trust Inc. raised its position in Frontdoor by 315.3% in the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock valued at $89,000 after purchasing an additional 1,239 shares in the last quarter. Finally, Nkcfo LLC purchased a new position in shares of Frontdoor in the 4th quarter valued at about $96,000.

Analyst Ratings Changes

A number of analysts recently weighed in on FTDR shares. 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 increased their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, JPMorgan Chase & Co. lowered shares of Frontdoor from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $58.00 to $40.00 in a report on Tuesday, April 22nd.

Frontdoor Stock Performance

Shares of FTDR stock traded up $0.48 during mid-day trading on Thursday, hitting $53.45. 72,422 shares of the stock were exchanged, compared to its average volume of 735,753. Frontdoor, Inc. has a 12-month low of $32.95 and a 12-month high of $63.49. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 17.70 and a beta of 1.21. The stock's fifty day simple moving average is $43.34 and its two-hundred day simple moving average is $51.23.

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