Algert Global LLC Has $16.21 Million Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Algert Global LLC lowered its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 337,832 shares of the company’s stock after selling 5,719 shares during the quarter. Frontdoor makes up approximately 0.4% of Algert Global LLC’s holdings, making the stock its 12th biggest holding. Algert Global LLC owned approximately 0.45% of Frontdoor worth $16,213,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Citigroup Inc. increased its holdings in Frontdoor by 3.3% during the 3rd quarter. Citigroup Inc. now owns 136,826 shares of the company’s stock valued at $6,566,000 after purchasing an additional 4,369 shares in the last quarter. Blackhawk Capital Partners LLC. acquired a new position in Frontdoor during the 3rd quarter worth about $1,188,000. Intech Investment Management LLC lifted its position in Frontdoor by 157.6% during the 3rd quarter. Intech Investment Management LLC now owns 21,697 shares of the company’s stock worth $1,041,000 after buying an additional 13,275 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Frontdoor by 8.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 448,572 shares of the company’s stock worth $21,527,000 after acquiring an additional 33,380 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in Frontdoor by 1,052.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 3,203 shares of the company’s stock valued at $154,000 after acquiring an additional 2,925 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on FTDR shares. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, August 12th. The Goldman Sachs Group boosted their target price on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. Finally, Truist Financial raised their price target on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. One investment 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $49.50.

Frontdoor Price Performance

Shares of FTDR stock opened at $58.46 on Friday. The firm’s 50 day moving average price is $51.09 and its two-hundred day moving average price is $43.42. The stock has a market cap of $4.43 billion, a PE ratio of 19.36 and a beta of 1.03. Frontdoor, Inc. has a 52-week low of $29.41 and a 52-week high of $59.01. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Monday, November 4th. The company reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.33. The business had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 earnings per share. As a group, analysts forecast that Frontdoor, Inc. will post 3.14 EPS for the current year.

About Frontdoor

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.