Frontdoor Inc. $FTDR Stock Position Reduced by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. trimmed its position in Frontdoor Inc. (NASDAQ:FTDR) by 30.0% in the second quarter, Holdings Channel.com reports. The fund owned 29,400 shares of the company’s stock after selling 12,600 shares during the period. Hussman Strategic Advisors Inc.’s holdings in Frontdoor were worth $1,733,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in FTDR. Bessemer Group Inc. boosted its holdings in Frontdoor by 322.1% in the second quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock worth $30,000 after purchasing an additional 393 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Frontdoor during the first quarter worth $42,000. IFP Advisors Inc lifted its position in shares of Frontdoor by 80,766.7% in the 1st quarter. IFP Advisors Inc now owns 2,426 shares of the company’s stock worth $93,000 after buying an additional 2,423 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Frontdoor by 16.5% in the 1st quarter. GAMMA Investing LLC now owns 2,447 shares of the company’s stock valued at $94,000 after buying an additional 347 shares during the period. Finally, CWM LLC grew its position in shares of Frontdoor by 91.2% during the 1st quarter. CWM LLC now owns 2,574 shares of the company’s stock valued at $99,000 after buying an additional 1,228 shares during the last quarter.

Insider Transactions at Frontdoor

In other news, SVP Jeffrey Fiarman sold 129,673 shares of the stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $56.15, for a total value of $7,281,138.95. Following the completion of the transaction, the senior vice president owned 34,646 shares of the company’s stock, valued at approximately $1,945,372.90. This represents a 78.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 1.48% of the company’s stock.

Frontdoor Stock Performance

FTDR opened at $65.47 on Tuesday. The business’s 50 day moving average is $65.73 and its 200-day moving average is $58.96. The stock has a market cap of $4.77 billion, a PE ratio of 19.31 and a beta of 1.35. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 4.56. Frontdoor Inc. has a twelve month low of $35.61 and a twelve month high of $70.14.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.19. The business had revenue of $617.00 million during the quarter, compared to analyst estimates of $602.62 million. Frontdoor had a return on equity of 125.21% and a net margin of 13.07%.The business’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.27 EPS. On average, analysts predict that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Oppenheimer increased their price objective on shares of Frontdoor from $56.00 to $63.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Zacks Research lowered Frontdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Truist Financial increased their price target on Frontdoor from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Weiss Ratings raised Frontdoor from a “hold (c+)” rating to a “buy (b-)” rating in a report on Saturday, October 25th. Finally, The Goldman Sachs Group increased their target price on Frontdoor from $44.00 to $50.00 and gave the stock a “sell” rating in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $59.75.

Frontdoor Company 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.