Rhumbline Advisers Has $11.45 Million Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Rhumbline Advisers lessened its position in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 0.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 209,480 shares of the company’s stock after selling 608 shares during the quarter. Rhumbline Advisers owned approximately 0.28% of Frontdoor worth $11,452,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. USA Financial Formulas acquired a new stake in shares of Frontdoor during the 4th quarter worth approximately $60,000. TD Private Client Wealth LLC bought a new stake in shares of Frontdoor during the 3rd quarter worth $68,000. Blue Trust Inc. raised its stake in shares of Frontdoor by 315.3% during the 4th quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock worth $89,000 after purchasing an additional 1,239 shares during the period. GAMMA Investing LLC raised its stake in shares of Frontdoor by 26.0% during the 4th quarter. GAMMA Investing LLC now owns 2,100 shares of the company’s stock worth $115,000 after purchasing an additional 433 shares during the period. Finally, First Horizon Advisors Inc. raised its stake in shares of Frontdoor by 1,052.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 3,203 shares of the company’s stock worth $154,000 after purchasing an additional 2,925 shares during the period.

Frontdoor Trading Down 2.3 %

Shares of Frontdoor stock opened at $57.10 on Monday. 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 stock has a market capitalization of $4.33 billion, a P/E ratio of 18.91 and a beta of 1.08. Frontdoor, Inc. has a 52-week low of $29.41 and a 52-week high of $63.49. The stock’s 50-day simple moving average is $57.62 and its 200 day simple moving average is $53.52.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Truist Financial boosted their price objective on Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, February 14th. The Goldman Sachs Group boosted their price objective on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.75.

Insider Buying and Selling at Frontdoor

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of Frontdoor stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total transaction of $941,440.00. Following the completion of the transaction, the chief operating officer now owns 4,955 shares of the company’s stock, valued at $291,552.20. The trade was a 76.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction dated Tuesday, December 10th. The shares were 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 directly owns 9,429 shares of the company’s stock, valued at $547,447.74. The trade was a 73.22 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

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.