Yousif Capital Management LLC Trims Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Yousif Capital Management LLC decreased its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,880 shares of the company’s stock after selling 803 shares during the period. Yousif Capital Management LLC’s holdings in Frontdoor were worth $1,579,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC bought a new stake in Frontdoor during the third quarter worth about $27,000. V Square Quantitative Management LLC bought a new stake in Frontdoor during the third quarter worth about $31,000. USA Financial Formulas bought a new stake in shares of Frontdoor in the 4th quarter valued at about $60,000. TD Private Client Wealth LLC bought a new stake in shares of Frontdoor in the 3rd quarter valued at about $68,000. Finally, Blue Trust Inc. lifted its stake in shares of Frontdoor by 332.8% in the 4th quarter. Blue Trust Inc. now owns 1,701 shares of the company’s stock valued at $93,000 after acquiring an additional 1,308 shares during the last quarter.

Frontdoor Stock Down 0.9 %

FTDR stock opened at $57.75 on Thursday. Frontdoor, Inc. has a fifty-two week low of $29.41 and a fifty-two week high of $63.49. The business’s 50 day moving average price is $57.59 and its two-hundred day moving average price is $52.65. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $4.38 billion, a price-to-earnings ratio of 19.12 and a beta of 1.08.

Insiders Place Their Bets

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $941,440.00. Following the transaction, the chief operating officer now owns 4,955 shares in the company, valued at approximately $291,552.20. This represents a 76.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kathryn M. Collins sold 25,784 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total value of $1,497,019.04. Following the transaction, the senior vice president now owns 9,429 shares in the company, valued at $547,447.74. This trade represents a 73.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on FTDR shares. Truist Financial boosted their target price on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group boosted their price target on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $49.50.

About Frontdoor

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.