Connor Clark & Lunn Investment Management Ltd. reduced its position in Frontdoor, Inc. (NASDAQ:FTDR – Free Report) by 24.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,104 shares of the company’s stock after selling 42,581 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Frontdoor were worth $7,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently added to or reduced their stakes in FTDR. USA Financial Formulas acquired a new position in shares of Frontdoor in the fourth quarter worth about $60,000. TD Private Client Wealth LLC acquired a new position in Frontdoor in the 3rd quarter worth about $68,000. Blue Trust Inc. boosted its position in Frontdoor by 315.3% during the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after purchasing an additional 1,239 shares in the last quarter. Nkcfo LLC acquired a new stake in Frontdoor in the fourth quarter valued at approximately $96,000. Finally, GAMMA Investing LLC increased its position in shares of Frontdoor by 26.0% in the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock valued at $115,000 after buying an additional 433 shares in the last quarter.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. The Goldman Sachs Group dropped their price target 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 boosted their target price on shares of Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $50.25.
Frontdoor Price Performance
Frontdoor stock opened at $38.40 on Friday. The company has a fifty day simple moving average of $54.06 and a 200-day simple moving average of $53.18. 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 $2.87 billion, a price-to-earnings ratio of 12.72 and a beta of 1.18. Frontdoor, Inc. has a 52-week low of $29.41 and a 52-week high of $63.49.
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.
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