Quadrant Capital Group LLC Buys 341 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Quadrant Capital Group LLC increased its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,839 shares of the company’s stock after purchasing an additional 341 shares during the quarter. Quadrant Capital Group LLC’s holdings in Frontdoor were worth $100,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Parkside Financial Bank & Trust boosted its stake in Frontdoor by 9,892.9% during the 4th 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 during the period. Financial Management Professionals Inc. purchased a new stake in shares of Frontdoor during the fourth quarter worth about $49,000. Acadian Asset Management LLC acquired a new stake in Frontdoor during the third quarter valued at approximately $88,000. Headlands Technologies LLC bought a new position in shares of Frontdoor during the fourth quarter valued at approximately $145,000. Finally, CI Investments Inc. acquired a new position in shares of Frontdoor during the third quarter worth approximately $150,000.

Frontdoor Price Performance

Shares of FTDR opened at $35.19 on Friday. 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 stock has a market cap of $2.74 billion, a PE ratio of 15.43 and a beta of 0.89. Frontdoor, Inc. has a 12-month low of $28.25 and a 12-month high of $38.97. The business has a 50-day simple moving average of $32.63 and a two-hundred day simple moving average of $33.29.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Thursday, May 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.23. Frontdoor had a return on equity of 132.00% and a net margin of 10.27%. The company had revenue of $378.00 million during the quarter, compared to the consensus estimate of $376.36 million. Analysts anticipate that Frontdoor, Inc. will post 2.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised their target price on Frontdoor from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Monday, May 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $40.00.

Frontdoor 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.