Frontdoor, Inc. (NASDAQ:FTDR) Position Reduced by Fox Run Management L.L.C.

Fox Run Management L.L.C. reduced its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 84.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,259 shares of the company’s stock after selling 22,314 shares during the period. Fox Run Management L.L.C.’s holdings in Frontdoor were worth $233,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of FTDR. TD Private Client Wealth LLC lifted its holdings in shares of Frontdoor by 12.9% in the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock valued at $87,000 after buying an additional 183 shares during the period. Willis Investment Counsel lifted its holdings in Frontdoor by 0.4% in the 4th quarter. Willis Investment Counsel now owns 46,753 shares of the company’s stock valued at $2,556,000 after acquiring an additional 185 shares during the last quarter. Parkside Financial Bank & Trust boosted its position in shares of Frontdoor by 8.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 2,880 shares of the company’s stock valued at $157,000 after purchasing an additional 221 shares in the last quarter. Atria Investments Inc grew its stake in shares of Frontdoor by 4.9% in the 4th quarter. Atria Investments Inc now owns 6,894 shares of the company’s stock worth $377,000 after purchasing an additional 325 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Frontdoor by 4.8% in the 4th quarter. Pacer Advisors Inc. now owns 7,854 shares of the company’s stock worth $429,000 after purchasing an additional 357 shares in the last quarter.

Frontdoor Stock Performance

Frontdoor stock opened at $38.03 on Friday. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $63.49. The firm’s 50 day simple moving average is $50.40 and its 200-day simple moving average is $52.46. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $2.84 billion, a P/E ratio of 12.59 and a beta of 1.18.

Analysts Set New Price Targets

FTDR has been the subject of a number of research reports. The Goldman Sachs Group reduced their target price on shares of Frontdoor from $46.00 to $40.00 and set a “sell” rating for the company in a report on Monday, March 3rd. Truist Financial raised their price objective on Frontdoor from $58.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $50.25.

About Frontdoor

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.