Atria Investments Inc Invests $315,000 in Frontdoor, Inc. (NASDAQ:FTDR)

Atria Investments Inc acquired a new stake in Frontdoor, Inc. (NASDAQ:FTDR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,569 shares of the company’s stock, valued at approximately $315,000.

Several other hedge funds have also added to or reduced their stakes in the business. Millennium Management LLC lifted its position in Frontdoor by 440.4% during the second quarter. Millennium Management LLC now owns 908,904 shares of the company’s stock worth $30,712,000 after acquiring an additional 740,711 shares during the last quarter. Swedbank AB lifted its holdings in Frontdoor by 112.7% during the 2nd quarter. Swedbank AB now owns 1,210,600 shares of the company’s stock worth $40,906,000 after purchasing an additional 641,476 shares during the last quarter. Boston Partners boosted its stake in Frontdoor by 8.9% in the 1st quarter. Boston Partners now owns 6,198,543 shares of the company’s stock valued at $201,662,000 after purchasing an additional 506,217 shares during the period. Invenomic Capital Management LP grew its holdings in Frontdoor by 57.3% in the 1st quarter. Invenomic Capital Management LP now owns 1,072,445 shares of the company’s stock valued at $34,940,000 after buying an additional 390,610 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Frontdoor by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 10,179,139 shares of the company’s stock worth $331,636,000 after buying an additional 373,091 shares during the period.

Frontdoor Trading Up 1.8 %

FTDR opened at $58.46 on Friday. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of 19.36 and a beta of 1.03. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $59.01. The company has a 50-day simple moving average of $51.09 and a 200 day simple moving average of $43.42.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.38 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33. The company had revenue of $540.00 million during the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 EPS. Analysts predict that Frontdoor, Inc. will post 3.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on shares of Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, August 12th. William Blair upgraded shares of Frontdoor from a “market perform” rating to an “outperform” rating in a research report on Friday, August 2nd. Finally, Truist Financial lifted their price target on shares of Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $49.50.

Frontdoor 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.