Jupiter Asset Management Ltd. Buys 215,160 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Jupiter Asset Management Ltd. grew its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 664.5% during the first quarter, Holdings Channel reports. The institutional investor owned 247,541 shares of the company’s stock after purchasing an additional 215,160 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in Frontdoor were worth $8,065,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Financial Management Professionals Inc. purchased a new stake in shares of Frontdoor during the fourth quarter worth about $49,000. Parkside Financial Bank & Trust boosted its holdings in shares of Frontdoor by 9,892.9% during the fourth 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. C M Bidwell & Associates Ltd. purchased a new stake in shares of Frontdoor during the fourth quarter worth about $71,000. Quadrant Capital Group LLC boosted its holdings in shares of Frontdoor by 13.7% during the fourth quarter. Quadrant Capital Group LLC now owns 2,839 shares of the company’s stock worth $100,000 after purchasing an additional 341 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Frontdoor during the fourth quarter worth about $145,000.

Analyst Upgrades and Downgrades

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

Frontdoor Stock Down 1.0 %

FTDR traded down $0.37 on Friday, hitting $36.68. The company had a trading volume of 664,071 shares, compared to its average volume of 752,666. The company has a debt-to-equity ratio of 3.54, a current ratio of 1.14 and a quick ratio of 1.14. Frontdoor, Inc. has a 52-week low of $28.25 and a 52-week high of $38.97. The stock has a fifty day simple moving average of $35.27 and a 200-day simple moving average of $33.30. The firm has a market capitalization of $2.85 billion, a P/E ratio of 16.09 and a beta of 1.00.

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

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.