Moody Aldrich Partners LLC Sells 17,576 Shares of Frontdoor Inc. $FTDR

by · The Cerbat Gem

Moody Aldrich Partners LLC cut its holdings in Frontdoor Inc. (NASDAQ:FTDR – Free Report) by 16.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 86,475 shares of the company’s stock after selling 17,576 shares during the period. Frontdoor comprises about 1.1% of Moody Aldrich Partners LLC’s holdings, making the stock its 26th biggest position. Moody Aldrich Partners LLC’s holdings in Frontdoor were worth $5,819,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. increased its position in shares of Frontdoor by 322.1% during the 2nd quarter. Bessemer Group Inc. now owns 515 shares of the company’s stock valued at $30,000 after purchasing an additional 393 shares during the last quarter. EverSource Wealth Advisors LLC grew its position 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 buying an additional 497 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in Frontdoor during the second quarter worth about $72,000. Huntington National Bank raised its position in 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 acquiring an additional 532 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in Frontdoor by 35.1% in the second quarter. Smartleaf Asset Management LLC now owns 2,237 shares of the company’s stock valued at $131,000 after acquiring an additional 581 shares during the last quarter.

Analyst Ratings Changes

Several brokerages have recently issued reports on FTDR. Weiss Ratings restated a “hold (c+)” rating on shares of Frontdoor in a research note on Monday. Zacks Research lowered Frontdoor from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Wall Street Zen downgraded Frontdoor from a “buy” rating to a “hold” rating in a research note on Monday, November 24th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $59.75.

Get Our Latest Stock Analysis on Frontdoor

Frontdoor Stock Down 1.1%

Frontdoor stock opened at $57.69 on Thursday. The firm has a 50 day simple moving average of $56.28 and a 200 day simple moving average of $59.67. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 3.64. Frontdoor Inc. has a 1-year low of $35.61 and a 1-year high of $70.14. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 16.44 and a beta of 1.32.

Frontdoor (NASDAQ:FTDR – Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.09. The firm had revenue of $618.00 million during the quarter, compared to analyst estimates of $610.77 million. Frontdoor had a return on equity of 122.74% and a net margin of 12.87%.The business’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period last year, the company earned $1.38 earnings per share. On average, analysts predict that Frontdoor Inc. will post 3.07 earnings per share for the current year.

Frontdoor Profile

(Free Report)

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.

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