Brant Point Investment Management LLC raised its stake in Frontdoor Inc. (NASDAQ:FTDR – Free Report) by 33.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 60,000 shares of the company’s stock after buying an additional 15,000 shares during the quarter. Brant Point Investment Management LLC’s holdings in Frontdoor were worth $3,461,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in FTDR. Boston Partners lifted its stake in Frontdoor by 8.5% in the fourth quarter. Boston Partners now owns 5,777,252 shares of the company’s stock valued at $333,742,000 after buying an additional 454,040 shares during the last quarter. Marshall Wace LLP bought a new stake in shares of Frontdoor during the third quarter valued at about $23,871,000. Reinhart Partners LLC. raised its stake in shares of Frontdoor by 25.6% during the fourth quarter. Reinhart Partners LLC. now owns 1,629,152 shares of the company’s stock valued at $93,987,000 after purchasing an additional 332,556 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of Frontdoor by 309.6% during the second quarter. Cubist Systematic Strategies LLC now owns 431,446 shares of the company’s stock valued at $25,429,000 after purchasing an additional 326,112 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Frontdoor by 533.0% during the first quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock valued at $11,814,000 after purchasing an additional 258,920 shares in the last quarter.
Frontdoor Price Performance
Shares of NASDAQ FTDR opened at $68.83 on Friday. Frontdoor Inc. has a twelve month low of $48.47 and a twelve month high of $70.77. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.95. The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 19.72 and a beta of 1.50. The firm has a 50-day moving average of $61.90 and a two-hundred day moving average of $59.52.
Analyst Upgrades and Downgrades
FTDR has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Benchmark initiated coverage on shares of Frontdoor in a research note on Thursday, March 26th. They set a “buy” rating and a $80.00 price objective on the stock. Weiss Ratings cut shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. The Goldman Sachs Group upgraded shares of Frontdoor from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $50.00 to $67.00 in a research note on Monday, March 2nd. Finally, Oppenheimer restated an “outperform” rating and set a $70.00 price objective on shares of Frontdoor in a research note on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $72.00.
View Our Latest Report on Frontdoor
Frontdoor Company Profile
Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.
Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.
Read More
- Five stocks we like better than Frontdoor
- Time to Sell? 3 Winners With Fading Technical Momentum
- Why These 2 Hotel Stocks Are Beating Travel Peers
- This Energy Stock Has Quietly Soared 130% in a Year
- 3 ‘Boring’ Dividend Stocks With Tasty Technical Setups
Want to see what other hedge funds are holding FTDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Frontdoor Inc. (NASDAQ:FTDR – Free Report).
Receive News & Ratings for Frontdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontdoor and related companies with MarketBeat.com's FREE daily email newsletter.
