Thompson Siegel & Walmsley LLC increased its stake in shares of frontdoor, inc. (NASDAQ:FTDR) by 18.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 120,668 shares of the company’s stock after acquiring an additional 18,646 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in frontdoor were worth $6,059,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Metropolitan Life Insurance Co NY bought a new position in frontdoor in the 1st quarter valued at about $219,000. Envestnet Asset Management Inc. lifted its holdings in frontdoor by 14.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 21,267 shares of the company’s stock worth $827,000 after purchasing an additional 2,739 shares during the last quarter. KBC Group NV boosted its stake in frontdoor by 10.0% in the 3rd quarter. KBC Group NV now owns 6,318 shares of the company’s stock valued at $246,000 after purchasing an additional 575 shares during the period. DekaBank Deutsche Girozentrale acquired a new position in frontdoor in the 3rd quarter valued at $2,270,000. Finally, WINTON GROUP Ltd grew its holdings in frontdoor by 42.2% in the 3rd quarter. WINTON GROUP Ltd now owns 99,510 shares of the company’s stock valued at $3,872,000 after buying an additional 29,517 shares in the last quarter.
A number of equities research analysts have recently issued reports on FTDR shares. JPMorgan Chase & Co. boosted their target price on shares of frontdoor from $50.00 to $57.00 and gave the company an “overweight” rating in a research report on Wednesday, December 16th. Zacks Investment Research downgraded shares of frontdoor from a “hold” rating to a “strong sell” rating in a report on Monday. Raymond James increased their target price on shares of frontdoor from $51.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, November 5th. Truist lifted their price target on shares of frontdoor from $54.00 to $62.00 in a research report on Friday. Finally, Oppenheimer boosted their price target on frontdoor from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, November 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $51.50.
frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Thursday, February 18th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.03. frontdoor had a negative return on equity of 104.88% and a net margin of 8.96%. Equities research analysts predict that frontdoor, inc. will post 1.51 earnings per share 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 principal components of approximately 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and central heating, ventilation, and air conditioning systems.
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