Healthcare of Ontario Pension Plan Trust Fund Has $4.76 Million Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 357.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 140,800 shares of the company’s stock after buying an additional 110,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned about 0.18% of Frontdoor worth $4,758,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Aristides Capital LLC acquired a new position in shares of Frontdoor during the 2nd quarter worth about $243,000. Quarry LP raised its holdings in shares of Frontdoor by 468.1% in the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock valued at $37,000 after purchasing an additional 894 shares during the period. Creative Planning raised its holdings in Frontdoor by 7.1% in the 2nd quarter. Creative Planning now owns 15,691 shares of the company’s stock valued at $530,000 after acquiring an additional 1,040 shares during the period. Algert Global LLC raised its holdings in Frontdoor by 7.9% in the 2nd quarter. Algert Global LLC now owns 343,551 shares of the company’s stock valued at $11,609,000 after acquiring an additional 25,275 shares during the period. Finally, Scientech Research LLC bought a new position in Frontdoor in the 2nd quarter valued at about $846,000.

Frontdoor Stock Up 1.8 %

FTDR opened at $47.78 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 2.66. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 20.96 and a beta of 1.04. Frontdoor, Inc. has a twelve month low of $28.25 and a twelve month high of $49.43. The company’s 50-day moving average price is $46.71 and its two-hundred day moving average price is $38.45.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.27. The firm had revenue of $542.00 million for the quarter, compared to analysts’ expectations of $536.74 million. Frontdoor had a net margin of 11.38% and a return on equity of 132.94%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.87 earnings per share. As a group, equities analysts expect that Frontdoor, Inc. will post 2.79 earnings per share for the current year.

Analysts Set New Price Targets

FTDR has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Frontdoor from $45.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, August 12th. Truist Financial raised their target price on shares of Frontdoor from $45.00 to $56.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group lifted their target price on shares of Frontdoor from $33.00 to $41.00 and gave the stock a “sell” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $47.75.

Frontdoor Company Profile

Frontdoor, Inc provides home warranties in the United States in the United States. Its customizable home warranties help customers protect and maintain their homes from costly and unplanned breakdowns of essential home systems and appliances. The company’s home warranty customers subscribe to an annual service plan agreement that covers the repair or replacement of principal components of approximately 20 home systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as electronics, pools, and spas and pumps; and heating, ventilation, and air conditioning systems.