Massar Capital Management LP Takes $880,000 Position in Frontdoor, Inc. (NASDAQ:FTDR)

Massar Capital Management LP bought a new position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,100 shares of the company's stock, valued at approximately $880,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Frontdoor by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 9,674,278 shares of the company's stock worth $528,893,000 after purchasing an additional 78,134 shares during the period. FIL Ltd increased its holdings in Frontdoor by 8.3% during the 4th quarter. FIL Ltd now owns 2,410,561 shares of the company's stock worth $131,785,000 after purchasing an additional 184,051 shares during the period. Geode Capital Management LLC increased its holdings in Frontdoor by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,127,553 shares of the company's stock worth $116,336,000 after purchasing an additional 14,079 shares during the period. Dimensional Fund Advisors LP increased its holdings in Frontdoor by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,791,666 shares of the company's stock worth $97,952,000 after purchasing an additional 10,192 shares during the period. Finally, Wasatch Advisors LP purchased a new position in Frontdoor during the 4th quarter worth $56,507,000.

Frontdoor Stock Performance

NASDAQ:FTDR traded up $0.58 during trading hours on Friday, reaching $41.06. 443,022 shares of the company's stock were exchanged, compared to its average volume of 734,734. Frontdoor, Inc. has a 1-year low of $30.57 and a 1-year high of $63.49. 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 firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 13.60 and a beta of 1.19. The company has a 50-day moving average of $41.56 and a 200 day moving average of $51.16.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Truist Financial raised their price objective on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. The Goldman Sachs Group cut their price objective on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. downgraded Frontdoor from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $58.00 to $40.00 in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Frontdoor has an average rating of "Hold" and an average price target of $46.50.

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.