Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Paradice Investment Management LLC

Paradice Investment Management LLC cut its position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 55.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 752,405 shares of the company's stock after selling 953,437 shares during the period. Frontdoor comprises 3.3% of Paradice Investment Management LLC's portfolio, making the stock its 17th biggest position. Paradice Investment Management LLC owned 0.94% of Frontdoor worth $26,500,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Parkside Financial Bank & Trust raised its holdings in shares of Frontdoor by 9,892.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,399 shares of the company's stock valued at $49,000 after acquiring an additional 1,385 shares in the last quarter. Financial Management Professionals Inc. bought a new stake in shares of Frontdoor in the 4th quarter valued at about $49,000. Quadrant Capital Group LLC lifted its position in shares of Frontdoor by 13.7% in the 4th quarter. Quadrant Capital Group LLC now owns 2,839 shares of the company's stock worth $100,000 after purchasing an additional 341 shares during the period. Acadian Asset Management LLC purchased a new position in Frontdoor during the third quarter valued at approximately $88,000. Finally, Headlands Technologies LLC bought a new position in Frontdoor in the fourth quarter worth approximately $145,000.

Frontdoor Stock Down 0.2 %

Shares of FTDR traded down $0.06 during midday trading on Friday, hitting $35.91. 460,821 shares of the company's stock traded hands, compared to its average volume of 756,766. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 3.54. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 15.75 and a beta of 0.89. Frontdoor, Inc. has a 1 year low of $28.25 and a 1 year high of $38.97. The firm's fifty day moving average is $32.23 and its 200-day moving average is $33.23.

Frontdoor (NASDAQ:FTDR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.18. Frontdoor had a return on equity of 132.00% and a net margin of 10.27%. The business had revenue of $366.00 million during the quarter, compared to the consensus estimate of $360.47 million. During the same quarter last year, the company earned $0.13 earnings per share. The company's quarterly revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Frontdoor, Inc. will post 2.52 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company lifted their price target on Frontdoor from $36.00 to $39.00 and gave the company an "equal weight" rating in a report on Monday, May 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $40.00.

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.