Comerica Bank Purchases 60,245 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Comerica Bank boosted its position in shares of Frontdoor, Inc. (NASDAQ:FTDRGet Rating) by 611.1% during the 3rd quarter, HoldingsChannel reports. The fund owned 70,104 shares of the company’s stock after buying an additional 60,245 shares during the quarter. Comerica Bank’s holdings in Frontdoor were worth $1,426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its holdings in Frontdoor by 1,712.2% during the second quarter. FMR LLC now owns 11,529,323 shares of the company’s stock valued at $277,626,000 after purchasing an additional 10,893,103 shares in the last quarter. BlackRock Inc. boosted its holdings in Frontdoor by 7.1% during the first quarter. BlackRock Inc. now owns 3,755,323 shares of the company’s stock valued at $112,096,000 after purchasing an additional 249,371 shares in the last quarter. State Street Corp boosted its holdings in Frontdoor by 110.0% during the second quarter. State Street Corp now owns 2,943,484 shares of the company’s stock valued at $70,879,000 after purchasing an additional 1,541,616 shares in the last quarter. Millennium Management LLC boosted its holdings in Frontdoor by 366.2% during the second quarter. Millennium Management LLC now owns 2,242,239 shares of the company’s stock valued at $53,993,000 after purchasing an additional 1,761,297 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its holdings in Frontdoor by 1.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,404,420 shares of the company’s stock valued at $41,922,000 after purchasing an additional 22,541 shares in the last quarter.

Frontdoor Stock Up 4.3 %

Shares of FTDR opened at $24.90 on Monday. The company has a market capitalization of $2.03 billion, a P/E ratio of 29.64, a PEG ratio of 0.84 and a beta of 0.64. The company has a debt-to-equity ratio of 12.68, a current ratio of 0.88 and a quick ratio of 0.88. Frontdoor, Inc. has a one year low of $19.06 and a one year high of $37.22. The business’s 50 day simple moving average is $22.42 and its 200-day simple moving average is $23.14.

Frontdoor (NASDAQ:FTDRGet Rating) last announced its earnings results on Thursday, November 3rd. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.47 by $0.09. The business had revenue of $484.00 million for the quarter, compared to the consensus estimate of $475.31 million. Frontdoor had a return on equity of 1,165.71% and a net margin of 4.21%. As a group, sell-side analysts predict that Frontdoor, Inc. will post 1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Frontdoor Company 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.

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Institutional Ownership by Quarter for Frontdoor (NASDAQ:FTDR)

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