Public Employees Retirement System of Ohio boosted its holdings in shares of Frontdoor Inc (NASDAQ:FTDR) by 2.1% in the third quarter, HoldingsChannel reports. The fund owned 107,196 shares of the company’s stock after buying an additional 2,208 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Frontdoor were worth $5,207,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Metropolitan Life Insurance Co NY acquired a new position in Frontdoor in the 1st quarter worth about $219,000. Private Advisory Group LLC acquired a new position in Frontdoor in the second quarter worth approximately $377,000. Virginia Retirement Systems ET AL raised its position in Frontdoor by 24.9% during the second quarter. Virginia Retirement Systems ET AL now owns 24,050 shares of the company’s stock valued at $1,047,000 after acquiring an additional 4,800 shares in the last quarter. Moody Aldrich Partners LLC lifted its stake in Frontdoor by 76.3% in the second quarter. Moody Aldrich Partners LLC now owns 140,991 shares of the company’s stock valued at $6,140,000 after acquiring an additional 61,017 shares during the last quarter. Finally, Highland Capital Management LLC acquired a new stake in Frontdoor in the second quarter valued at approximately $1,164,000.
Several equities research analysts recently issued reports on FTDR shares. Guggenheim lifted their price objective on shares of Frontdoor from $43.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, August 19th. Zacks Investment Research cut shares of Frontdoor from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Wells Fargo & Co downgraded shares of Frontdoor from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $50.00 to $55.00 in a research report on Thursday, September 26th. Oppenheimer raised their target price on Frontdoor from $40.00 to $50.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $54.00 price target on shares of Frontdoor in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $47.16.
Frontdoor (NASDAQ:FTDR) last posted its earnings results on Tuesday, November 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The business had revenue of $407.00 million for the quarter, compared to analyst estimates of $411.14 million. Frontdoor had a net margin of 11.23% and a negative return on equity of 54.13%. Frontdoor’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $0.49 EPS. On average, equities research analysts anticipate that Frontdoor Inc will post 1.83 EPS for the current year.
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.
Further Reading: Closed-End Mutual Funds (CEFs)
Want to see what other hedge funds are holding FTDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Frontdoor Inc (NASDAQ:FTDR).
Receive News & Ratings for Frontdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontdoor and related companies with MarketBeat.com's FREE daily email newsletter.