SG Americas Securities LLC Reduces Stock Position in Frontdoor Inc. $FTDR

SG Americas Securities LLC lowered its position in Frontdoor Inc. (NASDAQ:FTDR) by 39.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 12,979 shares of the company’s stock after selling 8,308 shares during the quarter. SG Americas Securities LLC’s holdings in Frontdoor were worth $686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA boosted its position in shares of Frontdoor by 256.3% during the fourth quarter. Private Trust Co. NA now owns 563 shares of the company’s stock worth $32,000 after acquiring an additional 405 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Frontdoor by 164.6% in the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock worth $47,000 after purchasing an additional 497 shares during the last quarter. Quarry LP grew its stake in shares of Frontdoor by 429.5% in the 3rd quarter. Quarry LP now owns 879 shares of the company’s stock worth $59,000 after buying an additional 713 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in shares of Frontdoor by 8,376.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,102 shares of the company’s stock valued at $64,000 after acquiring an additional 1,089 shares during the last quarter. Finally, Huntington National Bank grew its position in Frontdoor by 18.8% in the fourth quarter. Huntington National Bank now owns 1,723 shares of the company’s stock worth $99,000 after acquiring an additional 273 shares in the last quarter.

Analyst Ratings Changes

FTDR has been the topic of a number of recent research reports. Weiss Ratings downgraded Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, May 21st. Benchmark began coverage on Frontdoor in a report on Thursday, March 26th. They set a “buy” rating and a $80.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.00.

Frontdoor Trading Up 1.2%

FTDR traded up $0.93 during trading on Tuesday, hitting $80.00. 15,014 shares of the stock were exchanged, compared to its average volume of 625,818. The company has a debt-to-equity ratio of 4.95, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a 50 day simple moving average of $66.87 and a 200 day simple moving average of $61.86. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 22.84 and a beta of 1.46. Frontdoor Inc. has a 1 year low of $48.47 and a 1 year high of $80.73.

Frontdoor (NASDAQ:FTDR) last released its quarterly earnings data on Thursday, April 30th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The company had revenue of $451.00 million during the quarter, compared to analyst estimates of $442.28 million. Frontdoor had a net margin of 12.22% and a return on equity of 118.62%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.64 earnings per share. As a group, equities analysts expect that Frontdoor Inc. will post 4.48 EPS for the current year.

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.