Liontrust Investment Partners LLP Lowers Holdings in Frontdoor Inc. (NASDAQ:FTDR)

Liontrust Investment Partners LLP lessened its stake in Frontdoor Inc. (NASDAQ:FTDR) by 17.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 214,089 shares of the company’s stock after selling 43,826 shares during the quarter. Liontrust Investment Partners LLP owned 0.29% of Frontdoor worth $8,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Bessemer Group Inc. increased its holdings in Frontdoor by 514.7% in the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock worth $34,000 after buying an additional 525 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Frontdoor in the 1st quarter worth about $42,000. IFP Advisors Inc increased its holdings in Frontdoor by 80,766.7% in the 1st quarter. IFP Advisors Inc now owns 2,426 shares of the company’s stock worth $93,000 after buying an additional 2,423 shares in the last quarter. GAMMA Investing LLC increased its holdings in Frontdoor by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company’s stock worth $94,000 after buying an additional 347 shares in the last quarter. Finally, CWM LLC increased its holdings in Frontdoor by 91.2% in the 1st quarter. CWM LLC now owns 2,574 shares of the company’s stock worth $99,000 after buying an additional 1,228 shares in the last quarter.

Frontdoor Trading Down 1.0%

Shares of NASDAQ:FTDR opened at $59.07 on Friday. The stock has a 50 day moving average of $57.96 and a 200 day moving average of $51.45. The company has a market cap of $4.30 billion, a PE ratio of 17.42 and a beta of 1.32. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. Frontdoor Inc. has a 12-month low of $35.61 and a 12-month high of $64.91.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.44 by $0.19. The company had revenue of $617.00 million during the quarter, compared to the consensus estimate of $602.62 million. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%. During the same period in the previous year, the company posted $1.27 EPS. The firm’s revenue was up 13.8% on a year-over-year basis. As a group, equities research analysts expect that Frontdoor Inc. will post 3.07 EPS for the current year.

Insider Buying and Selling

In related news, SVP Jeffrey Fiarman sold 129,673 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $56.15, for a total value of $7,281,138.95. Following the transaction, the senior vice president directly owned 34,646 shares of the company’s stock, valued at approximately $1,945,372.90. The trade was a 78.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their price target on Frontdoor from $50.00 to $55.00 and gave the company a “neutral” rating in a research note on Tuesday, June 3rd. Oppenheimer boosted their price target on Frontdoor from $56.00 to $63.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. The Goldman Sachs Group boosted their price target on Frontdoor from $44.00 to $50.00 and gave the company a “sell” rating in a research note on Wednesday, August 6th. Finally, Truist Financial boosted their price objective on Frontdoor from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th.

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.