Headlands Technologies LLC Invests $145,000 in Frontdoor, Inc. (NASDAQ:FTDR)

Headlands Technologies LLC purchased a new stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,131 shares of the company’s stock, valued at approximately $145,000.

Other hedge funds also recently modified their holdings of the company. Meritage Portfolio Management raised its holdings in shares of Frontdoor by 5.6% in the 4th quarter. Meritage Portfolio Management now owns 10,165 shares of the company’s stock worth $358,000 after buying an additional 537 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in Frontdoor by 2.0% during the 4th quarter. Yousif Capital Management LLC now owns 40,720 shares of the company’s stock valued at $1,434,000 after purchasing an additional 812 shares during the last quarter. NewSquare Capital LLC bought a new stake in Frontdoor during the fourth quarter worth about $3,284,000. Parkside Financial Bank & Trust increased its holdings in shares of Frontdoor by 9,892.9% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,399 shares of the company’s stock worth $49,000 after buying an additional 1,385 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Frontdoor by 7.8% in the fourth quarter. California Public Employees Retirement System now owns 173,132 shares of the company’s stock valued at $6,098,000 after acquiring an additional 12,569 shares during the last quarter.

Frontdoor Price Performance

Shares of FTDR stock opened at $31.28 on Tuesday. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 4.24. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 14.75 and a beta of 0.89. The firm’s 50 day moving average is $31.30 and its 200-day moving average is $32.73. Frontdoor, Inc. has a 1 year low of $26.09 and a 1 year high of $38.97.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.18. Frontdoor had a return on equity of 142.80% and a net margin of 9.66%. The business had revenue of $366.00 million for the quarter, compared to analysts’ expectations of $360.47 million. During the same quarter last year, the business earned $0.13 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. Sell-side analysts forecast that Frontdoor, Inc. will post 2.36 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wells Fargo & Company dropped their price target on Frontdoor from $40.00 to $36.00 and set an “equal weight” rating for the company in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.40.

Frontdoor Company Profile

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.