Walleye Capital LLC Sells 13,251 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Walleye Capital LLC lowered its position in shares of Frontdoor, Inc. (NASDAQ:FTDRGet Rating) by 61.1% during the second quarter, Holdings Channel.com reports. The firm owned 8,433 shares of the company’s stock after selling 13,251 shares during the quarter. Walleye Capital LLC’s holdings in Frontdoor were worth $203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in shares of Frontdoor by 15.9% during the first quarter. Van ECK Associates Corp now owns 3,091 shares of the company’s stock worth $92,000 after purchasing an additional 425 shares during the period. Treasurer of the State of North Carolina increased its stake in shares of Frontdoor by 1.6% during the first quarter. Treasurer of the State of North Carolina now owns 31,227 shares of the company’s stock worth $932,000 after purchasing an additional 495 shares during the period. Teacher Retirement System of Texas increased its stake in shares of Frontdoor by 4.0% during the first quarter. Teacher Retirement System of Texas now owns 17,428 shares of the company’s stock worth $520,000 after purchasing an additional 665 shares during the period. Handelsbanken Fonder AB increased its stake in shares of Frontdoor by 4.4% during the first quarter. Handelsbanken Fonder AB now owns 16,700 shares of the company’s stock worth $498,000 after purchasing an additional 700 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of Frontdoor by 8.1% during the first quarter. Oppenheimer Asset Management Inc. now owns 10,129 shares of the company’s stock worth $303,000 after purchasing an additional 761 shares during the period. Institutional investors own 98.68% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FTDR. Raymond James lowered Frontdoor from an “outperform” rating to a “market perform” rating in a research note on Friday, November 4th. William Blair downgraded Frontdoor from an “outperform” rating to a “market perform” rating in a research report on Friday, November 4th.

Frontdoor Trading Down 1.4 %

Shares of NASDAQ:FTDR opened at $23.25 on Friday. The company has a market capitalization of $1.89 billion, a P/E ratio of 27.68, a P/E/G ratio of 0.98 and a beta of 0.60. Frontdoor, Inc. has a 1 year low of $19.70 and a 1 year high of $39.01. The company has a debt-to-equity ratio of 12.68, a current ratio of 0.88 and a quick ratio of 0.88. The business’s 50 day simple moving average is $21.88 and its 200 day simple moving average is $23.85.

Frontdoor Profile

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Frontdoor, Inc provides home service plans in the United States. The company's home service plans cover 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 central heating, ventilation, and air conditioning systems.

Further Reading

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Institutional Ownership by Quarter for Frontdoor (NASDAQ:FTDR)

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