Fort Washington Investment Advisors Inc. OH Buys 97,565 Shares of Frontdoor Inc. $FTDR

Fort Washington Investment Advisors Inc. OH lifted its stake in Frontdoor Inc. (NASDAQ:FTDR) by 18.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 627,791 shares of the company’s stock after buying an additional 97,565 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.86% of Frontdoor worth $42,244,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Bessemer Group Inc. increased its holdings in Frontdoor by 322.1% in the 2nd quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock worth $30,000 after acquiring an additional 393 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Frontdoor by 164.6% during the second quarter. EverSource Wealth Advisors LLC now owns 799 shares of the company’s stock valued at $47,000 after purchasing an additional 497 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Frontdoor in the second quarter worth approximately $72,000. Huntington National Bank increased its stake in shares of Frontdoor by 56.0% in the second quarter. Huntington National Bank now owns 1,482 shares of the company’s stock worth $87,000 after purchasing an additional 532 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Frontdoor by 35.1% in the second quarter. Smartleaf Asset Management LLC now owns 2,237 shares of the company’s stock worth $131,000 after purchasing an additional 581 shares in the last quarter.

Frontdoor Stock Down 0.3%

FTDR opened at $58.46 on Tuesday. The company has a market capitalization of $4.22 billion, a PE ratio of 16.66 and a beta of 1.32. The firm has a 50-day simple moving average of $56.67 and a two-hundred day simple moving average of $59.67. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 3.64. Frontdoor Inc. has a 52 week low of $35.61 and a 52 week high of $70.14.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Wednesday, November 5th. The company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.09. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The firm had revenue of $618.00 million for the quarter, compared to analysts’ expectations of $610.77 million. During the same period in the previous year, the firm posted $1.38 earnings per share. The business’s revenue was up 14.4% compared to the same quarter last year. Analysts forecast that Frontdoor Inc. will post 3.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on FTDR. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Frontdoor in a report on Monday, December 22nd. Wall Street Zen downgraded Frontdoor from a “buy” rating to a “hold” rating in a research report on Monday, November 24th. Finally, Zacks Research lowered Frontdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Frontdoor currently has a consensus 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.