Strs Ohio Has $788,000 Stock Position in Frontdoor, Inc. (NASDAQ:FTDR)

Strs Ohio grew its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 206.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 22,400 shares of the company’s stock after purchasing an additional 15,100 shares during the quarter. Strs Ohio’s holdings in Frontdoor were worth $788,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in FTDR. Vanguard Group Inc. lifted its stake in shares of Frontdoor by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 9,556,259 shares of the company’s stock valued at $292,326,000 after purchasing an additional 413,393 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Frontdoor in the 3rd quarter valued at $11,865,000. Qube Research & Technologies Ltd bought a new stake in shares of Frontdoor in the 3rd quarter valued at $7,531,000. Reinhart Partners LLC. increased its position in shares of Frontdoor by 11.0% in the 4th quarter. Reinhart Partners LLC. now owns 1,984,123 shares of the company’s stock valued at $69,881,000 after buying an additional 197,019 shares in the last quarter. Finally, Liontrust Investment Partners LLP increased its position in shares of Frontdoor by 33.2% in the 3rd quarter. Liontrust Investment Partners LLP now owns 776,196 shares of the company’s stock valued at $23,745,000 after buying an additional 193,325 shares in the last quarter.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lowered their price objective on shares of Frontdoor from $40.00 to $36.00 and set an “equal weight” rating for the company in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $39.40.

Frontdoor Price Performance

FTDR stock opened at $30.92 on Thursday. The stock has a market cap of $2.41 billion, a PE ratio of 14.58 and a beta of 0.89. The stock has a 50-day moving average price of $31.44 and a two-hundred day moving average price of $32.74. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 4.24. Frontdoor, Inc. has a 1 year low of $26.09 and a 1 year high of $38.97.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.18. The company had revenue of $366.00 million during the quarter, compared to analysts’ expectations of $360.47 million. Frontdoor had a return on equity of 142.80% and a net margin of 9.66%. Frontdoor’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.13 EPS. Equities analysts forecast that Frontdoor, Inc. will post 2.36 EPS for the current fiscal 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.