Reinhart Partners LLC. Acquires 332,556 Shares of Frontdoor Inc. $FTDR

Reinhart Partners LLC. lifted its holdings in Frontdoor Inc. (NASDAQ:FTDR) by 25.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,629,152 shares of the company’s stock after purchasing an additional 332,556 shares during the period. Frontdoor comprises approximately 2.8% of Reinhart Partners LLC.’s holdings, making the stock its 15th biggest position. Reinhart Partners LLC. owned approximately 2.26% of Frontdoor worth $93,987,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in FTDR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Frontdoor by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,846 shares of the company’s stock worth $1,761,000 after purchasing an additional 1,994 shares during the period. Millennium Management LLC lifted its stake in shares of Frontdoor by 533.0% in the 1st quarter. Millennium Management LLC now owns 307,497 shares of the company’s stock worth $11,814,000 after purchasing an additional 258,920 shares during the period. Empowered Funds LLC lifted its stake in shares of Frontdoor by 10.5% in the 1st quarter. Empowered Funds LLC now owns 11,008 shares of the company’s stock worth $423,000 after purchasing an additional 1,044 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Frontdoor by 5.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 237,526 shares of the company’s stock worth $9,126,000 after purchasing an additional 13,134 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Frontdoor by 164.6% in the 2nd 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 period.

Frontdoor Price Performance

NASDAQ FTDR opened at $61.93 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 4.95. Frontdoor Inc. has a 12 month low of $48.47 and a 12 month high of $70.77. The company’s 50 day moving average is $60.25 and its two-hundred day moving average is $58.67. The stock has a market cap of $4.35 billion, a price-to-earnings ratio of 17.74 and a beta of 1.50.

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

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on FTDR. The Goldman Sachs Group upgraded shares of Frontdoor from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $50.00 to $67.00 in a research note on Monday, March 2nd. Oppenheimer restated an “outperform” rating and set a $70.00 target price on shares of Frontdoor in a research note on Thursday, February 26th. Wall Street Zen cut shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Weiss Ratings cut shares of Frontdoor from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, May 21st. Finally, Benchmark began coverage on shares of Frontdoor in a research note on Thursday, March 26th. They set a “buy” rating and a $80.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $72.00.

Frontdoor Profile

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.