frontdoor, inc. (NASDAQ:FTDR) Shares Sold by Man Group plc

Man Group plc lessened its holdings in shares of frontdoor, inc. (NASDAQ:FTDR) by 3.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 151,256 shares of the company’s stock after selling 5,842 shares during the quarter. Man Group plc’s holdings in frontdoor were worth $8,130,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cowbird Capital LP grew its stake in frontdoor by 17.6% during the 1st quarter. Cowbird Capital LP now owns 316,021 shares of the company’s stock valued at $16,986,000 after purchasing an additional 47,315 shares in the last quarter. Schroder Investment Management Group lifted its holdings in frontdoor by 1,217.8% during the 4th quarter. Schroder Investment Management Group now owns 233,693 shares of the company’s stock worth $11,734,000 after buying an additional 215,959 shares during the last quarter. FIL Ltd lifted its holdings in frontdoor by 2.8% during the 1st quarter. FIL Ltd now owns 2,981,831 shares of the company’s stock worth $160,273,000 after buying an additional 81,358 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in frontdoor by 20.6% during the 1st quarter. Acadian Asset Management LLC now owns 10,595 shares of the company’s stock worth $570,000 after buying an additional 1,813 shares during the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in frontdoor by 5.3% during the 4th quarter. Los Angeles Capital Management LLC now owns 77,672 shares of the company’s stock worth $3,900,000 after buying an additional 3,925 shares during the last quarter. Hedge funds and other institutional investors own 98.86% of the company’s stock.

Separately, Zacks Investment Research raised frontdoor from a “sell” rating to a “hold” rating in a report on Monday, April 26th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $56.00.

Shares of NASDAQ FTDR opened at $48.85 on Thursday. The company has a market cap of $4.19 billion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 2.04 and a beta of 0.52. frontdoor, inc. has a 12-month low of $38.46 and a 12-month high of $58.94. The business has a 50 day moving average of $50.67.

frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Thursday, May 6th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. The business had revenue of $329.00 million for the quarter, compared to the consensus estimate of $326.72 million. frontdoor had a negative return on equity of 161.06% and a net margin of 6.96%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $0.21 EPS. Equities research analysts expect that frontdoor, inc. will post 1.71 earnings per share for the current year.

About frontdoor

frontdoor, Inc engages in the provision of home service plans. Its home service plans cover the repair or replacement of major home’s systems and appliances. The firm’s service focuses on water heaters, garbage disposals, doorbells, smoke detectors, ceiling fans, central vacuums, refrigerators, dishwashers and trash compactors.

Further Reading: How do analysts define an oversold condition?

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Institutional Ownership by Quarter for frontdoor (NASDAQ:FTDR)

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