Reinhart Partners Inc. Sells 43,234 Shares of Frontdoor Inc (NASDAQ:FTDR)

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Reinhart Partners Inc. trimmed its position in shares of Frontdoor Inc (NASDAQ:FTDR) by 31.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,912 shares of the company’s stock after selling 43,234 shares during the quarter. Reinhart Partners Inc.’s holdings in Frontdoor were worth $4,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC lifted its holdings in shares of Frontdoor by 67.5% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 695 shares of the company’s stock valued at $33,000 after buying an additional 280 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of Frontdoor by 5.1% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 6,044 shares of the company’s stock valued at $264,000 after buying an additional 293 shares during the period. CIBC Private Wealth Group LLC lifted its holdings in shares of Frontdoor by 2.0% during the 2nd quarter. CIBC Private Wealth Group LLC now owns 19,310 shares of the company’s stock valued at $841,000 after buying an additional 385 shares during the period. Leith Wheeler Investment Counsel Ltd. lifted its holdings in shares of Frontdoor by 1.8% during the 3rd quarter. Leith Wheeler Investment Counsel Ltd. now owns 33,450 shares of the company’s stock valued at $1,625,000 after buying an additional 590 shares during the period. Finally, Quest Capital Management Inc. ADV bought a new position in shares of Frontdoor during the 3rd quarter valued at $38,000. 94.98% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:FTDR traded up $0.68 during midday trading on Friday, hitting $44.93. The company had a trading volume of 851,400 shares, compared to its average volume of 594,122. The company has a market cap of $3.71 billion and a price-to-earnings ratio of 25.38. The company has a fifty day moving average of $49.13 and a two-hundred day moving average of $45.42. Frontdoor Inc has a 12-month low of $20.66 and a 12-month high of $53.29.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.07. The firm had revenue of $407.00 million during the quarter, compared to analyst estimates of $411.14 million. Frontdoor had a negative return on equity of 54.13% and a net margin of 11.23%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 earnings per share. On average, equities analysts expect that Frontdoor Inc will post 1.84 earnings per share for the current year.

Several research firms have recently weighed in on FTDR. Oppenheimer increased their price target on Frontdoor from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Zacks Investment Research cut Frontdoor from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Buckingham Research cut Frontdoor from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a report on Wednesday, July 31st. Wells Fargo & Co cut Frontdoor from an “outperform” rating to a “market perform” rating and increased their price target for the company from $50.00 to $55.00 in a report on Thursday, September 26th. Finally, SunTrust Banks reissued a “buy” rating and set a $50.00 price target on shares of Frontdoor in a report on Monday, November 4th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Frontdoor currently has a consensus rating of “Buy” and an average price target of $46.83.

About Frontdoor

frontdoor, inc. provides home service plans in the United States. The company's home service plans cover the repair or replacement of components of up to 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as central heating, ventilation and air conditioning systems.

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Institutional Ownership by Quarter for Frontdoor (NASDAQ:FTDR)

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