Fort Washington Investment Advisors Inc. OH Grows Stock Holdings in Frontdoor Inc. $FTDR

Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Frontdoor Inc. (NASDAQ:FTDR) by 18.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 627,791 shares of the company’s stock after purchasing an additional 97,565 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Frontdoor were worth $42,244,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Ieq Capital LLC bought a new position in shares of Frontdoor in the 1st quarter valued at about $413,000. OMERS ADMINISTRATION Corp raised its position in Frontdoor by 58.2% during the first quarter. OMERS ADMINISTRATION Corp now owns 40,285 shares of the company’s stock valued at $1,548,000 after purchasing an additional 14,815 shares during the period. Magnetar Financial LLC bought a new stake in shares of Frontdoor in the 1st quarter valued at approximately $395,000. Nomura Holdings Inc. lifted its stake in shares of Frontdoor by 455.8% in the 1st quarter. Nomura Holdings Inc. now owns 233,542 shares of the company’s stock valued at $8,973,000 after purchasing an additional 191,525 shares during the last quarter. Finally, Graham Capital Management L.P. boosted its holdings in shares of Frontdoor by 270.0% in the 1st quarter. Graham Capital Management L.P. now owns 30,244 shares of the company’s stock worth $1,162,000 after purchasing an additional 22,069 shares during the period.

Frontdoor Price Performance

Shares of FTDR stock opened at $58.46 on Tuesday. The company has a market capitalization of $4.22 billion, a P/E ratio of 16.66 and a beta of 1.32. The company’s 50-day simple moving average is $56.67 and its two-hundred day simple moving average is $59.67. Frontdoor Inc. has a one year low of $35.61 and a one year high of $70.14. The company has a debt-to-equity ratio of 3.64, a current ratio of 1.73 and a quick ratio of 1.73.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.09. Frontdoor had a net margin of 12.87% and a return on equity of 122.74%. The firm had revenue of $618.00 million during the quarter, compared to the consensus estimate of $610.77 million. During the same quarter in the previous year, the firm posted $1.38 earnings per share. The company’s revenue was up 14.4% on a year-over-year basis. As a group, equities analysts anticipate that Frontdoor Inc. will post 3.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Wall Street Zen lowered Frontdoor from a “buy” rating to a “hold” rating in a report on Monday, November 24th. Zacks Research lowered shares of Frontdoor from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Frontdoor in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Frontdoor has an average rating of “Hold” and a consensus price target of $59.75.

About Frontdoor

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.