Oak Ridge Investments LLC decreased its position in Frontdoor Inc (NASDAQ:FTDR) by 0.8% during the first quarter, Holdings Channel.com reports. The fund owned 180,366 shares of the company’s stock after selling 1,521 shares during the quarter. Oak Ridge Investments LLC’s holdings in Frontdoor were worth $6,274,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in FTDR. Delta Asset Management LLC TN purchased a new position in shares of Frontdoor in the fourth quarter valued at about $27,000. Parkside Financial Bank & Trust increased its position in shares of Frontdoor by 61.2% in the first quarter. Parkside Financial Bank & Trust now owns 1,035 shares of the company’s stock valued at $36,000 after acquiring an additional 393 shares during the period. First Horizon Advisors Inc. increased its position in shares of Frontdoor by 150.3% in the first quarter. First Horizon Advisors Inc. now owns 1,119 shares of the company’s stock valued at $38,000 after acquiring an additional 672 shares during the period. Sterling Investment Advisors Ltd. purchased a new position in shares of Frontdoor in the fourth quarter valued at about $47,000. Finally, Coastal Investment Advisors Inc. purchased a new position in shares of Frontdoor in the fourth quarter valued at about $48,000. Hedge funds and other institutional investors own 99.43% of the company’s stock.

In related news, Director Peter L. Cella acquired 5,000 shares of the firm’s stock in a transaction dated Thursday, March 12th. The stock was purchased at an average cost of $34.78 per share, with a total value of $173,900.00. Following the completion of the acquisition, the director now directly owns 8,661 shares of the company’s stock, valued at $301,229.58. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.25% of the stock is owned by insiders.

NASDAQ:FTDR traded down $0.24 during mid-day trading on Wednesday, hitting $45.71. 16,194 shares of the company’s stock were exchanged, compared to its average volume of 653,349. The company has a market cap of $3.95 billion, a PE ratio of 25.53, a P/E/G ratio of 1.80 and a beta of 0.43. Frontdoor Inc has a one year low of $30.06 and a one year high of $53.29. The business has a fifty day moving average price of $40.10 and a 200 day moving average price of $42.30.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Wednesday, May 6th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.04. The business had revenue of $294.00 million during the quarter, compared to analysts’ expectations of $289.31 million. Frontdoor had a net margin of 11.02% and a negative return on equity of 76.35%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.19 earnings per share. Equities analysts predict that Frontdoor Inc will post 1.77 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the stock. SunTrust Banks boosted their price objective on shares of Frontdoor from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. ValuEngine raised shares of Frontdoor from a “sell” rating to a “hold” rating in a research note on Tuesday, March 3rd. BidaskClub raised shares of Frontdoor from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Wells Fargo & Co reaffirmed a “hold” rating and set a $55.00 target price on shares of Frontdoor in a research note on Thursday, February 27th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Frontdoor from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Frontdoor currently has a consensus rating of “Buy” and an average target price of $51.00.

Frontdoor Company Profile

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.

See Also: Net Income

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Institutional Ownership by Quarter for Frontdoor (NASDAQ:FTDR)

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