OMERS ADMINISTRATION Corp Cuts Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

OMERS ADMINISTRATION Corp cut its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 44.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,470 shares of the company's stock after selling 20,100 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Frontdoor were worth $1,392,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in FTDR. Bessemer Group Inc. grew its holdings in Frontdoor by 514.7% during the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company's stock valued at $34,000 after buying an additional 525 shares in the last quarter. USA Financial Formulas bought a new position in shares of Frontdoor during the fourth quarter worth $60,000. TD Private Client Wealth LLC grew its stake in Frontdoor by 12.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company's stock valued at $87,000 after acquiring an additional 183 shares in the last quarter. Blue Trust Inc. increased its holdings 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 acquiring an additional 1,239 shares during the last quarter. Finally, Nkcfo LLC bought a new stake in Frontdoor in the 4th quarter valued at $96,000.

Frontdoor Price Performance

Shares of NASDAQ:FTDR traded up $0.50 on Thursday, reaching $53.47. The company's stock had a trading volume of 93,376 shares, compared to its average volume of 735,871. The company has a 50-day simple moving average of $43.34 and a 200 day simple moving average of $51.23. Frontdoor, Inc. has a 52-week low of $32.95 and a 52-week 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 company has a market cap of $3.93 billion, a P/E ratio of 17.71 and a beta of 1.21.

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 during the quarter, compared to analyst estimates of $416.37 million. During the same quarter last year, the business posted $0.44 earnings per share. The firm's revenue was up 12.7% on a year-over-year basis. As a group, equities research analysts anticipate that Frontdoor, Inc. will post 3.07 EPS for the current fiscal year.

Analyst Ratings Changes

FTDR has been the subject of several research reports. 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 report on Friday, February 14th. The Goldman Sachs Group decreased their target price on Frontdoor from $46.00 to $40.00 and set a "sell" rating on the stock in a research report on Monday, March 3rd. Finally, JPMorgan Chase & Co. downgraded Frontdoor from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $58.00 to $40.00 in a research note 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.