Gallacher Capital Management LLC Purchases New Position in Frontdoor Inc. $FTDR

Gallacher Capital Management LLC acquired a new position in Frontdoor Inc. (NASDAQ:FTDR) during the first quarter, Holdings Channel reports. The institutional investor acquired 9,109 shares of the company’s stock, valued at approximately $482,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its stake in Frontdoor by 4.0% in the fourth quarter. Park Avenue Securities LLC now owns 5,107 shares of the company’s stock valued at $295,000 after acquiring an additional 198 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Frontdoor by 11.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 2,065 shares of the company’s stock worth $119,000 after purchasing an additional 217 shares during the last quarter. Optivise Advisory Services LLC increased its stake in shares of Frontdoor by 6.9% during the 4th quarter. Optivise Advisory Services LLC now owns 3,641 shares of the company’s stock worth $210,000 after purchasing an additional 235 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Frontdoor by 1.7% during the 4th quarter. ProShare Advisors LLC now owns 14,232 shares of the company’s stock valued at $821,000 after purchasing an additional 236 shares in the last quarter. Finally, Snowden Capital Advisors LLC raised its holdings in shares of Frontdoor by 4.1% during the 2nd quarter. Snowden Capital Advisors LLC now owns 6,407 shares of the company’s stock valued at $378,000 after purchasing an additional 250 shares in the last quarter.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on FTDR. Weiss Ratings cut shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, May 21st. Benchmark assumed coverage on Frontdoor in a report on Thursday, March 26th. They set a “buy” rating and a $80.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $72.00.

Frontdoor Stock Down 0.2%

Shares of Frontdoor stock opened at $75.69 on Friday. Frontdoor Inc. has a 12-month low of $48.47 and a 12-month high of $80.73. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 4.95. The stock has a 50 day moving average price of $68.89 and a two-hundred day moving average price of $62.96. The stock has a market capitalization of $5.32 billion, a P/E ratio of 21.69 and a beta of 1.46.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The company had revenue of $451.00 million for the quarter, compared to analyst estimates of $442.28 million. During the same quarter last year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities analysts expect that Frontdoor Inc. will post 4.48 earnings per share for the current year.

Frontdoor Company Profile

Frontdoor, Inc (NASDAQ:FTDR) is a leading provider of home service plans and repair solutions for residential property owners. The company offers contract-based coverage that helps homeowners manage the cost of repairing and replacing essential household systems and appliances, including heating and cooling, plumbing, electrical wiring, water heaters, washers, dryers, refrigerators and other major kitchen equipment.

Frontdoor delivers its services through a nationwide network of independent service professionals and contractors, leveraging a cloud-based platform and call center infrastructure to coordinate service visits and process claims.