Los Angeles Capital Management LLC Buys 3,265 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Los Angeles Capital Management LLC increased its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 4.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,223 shares of the company’s stock after buying an additional 3,265 shares during the period. Los Angeles Capital Management LLC’s holdings in Frontdoor were worth $2,579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FTDR. Financial Management Professionals Inc. bought a new position in Frontdoor in the 4th quarter worth about $49,000. Parkside Financial Bank & Trust grew its stake in Frontdoor by 9,892.9% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,399 shares of the company’s stock worth $49,000 after purchasing an additional 1,385 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Frontdoor during the 3rd quarter worth $88,000. Headlands Technologies LLC purchased a new position in Frontdoor during the 4th quarter worth $145,000. Finally, CI Investments Inc. purchased a new stake in shares of Frontdoor in the 3rd quarter worth $150,000.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised their price target on Frontdoor from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Monday. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Frontdoor has a consensus rating of “Hold” and a consensus target price of $40.00.

Frontdoor Stock Up 3.8 %

Frontdoor stock opened at $35.95 on Tuesday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 3.54. The firm has a market cap of $2.80 billion, a P/E ratio of 15.77 and a beta of 0.89. The business has a fifty day moving average of $31.32 and a two-hundred day moving average of $32.83. Frontdoor, Inc. has a twelve month low of $28.25 and a twelve month high of $38.97.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.18. The firm had revenue of $366.00 million during the quarter, compared to analysts’ expectations of $360.47 million. Frontdoor had a return on equity of 132.00% and a net margin of 10.27%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. On average, analysts forecast that Frontdoor, Inc. will post 2.39 earnings per share for the current fiscal year.

Frontdoor Company 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.