Connor Clark & Lunn Investment Management Ltd. Trims Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Connor Clark & Lunn Investment Management Ltd. decreased its holdings in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 24.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 132,104 shares of the company's stock after selling 42,581 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.17% of Frontdoor worth $7,222,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FTDR. USA Financial Formulas bought a new position in Frontdoor in the fourth quarter worth approximately $60,000. TD Private Client Wealth LLC bought a new position in Frontdoor in the third quarter worth approximately $68,000. Blue Trust Inc. grew its stake in Frontdoor by 315.3% in the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company's stock worth $89,000 after purchasing an additional 1,239 shares in the last quarter. Nkcfo LLC bought a new position in Frontdoor in the fourth quarter worth approximately $96,000. Finally, GAMMA Investing LLC grew its stake in Frontdoor by 26.0% in the fourth quarter. GAMMA Investing LLC now owns 2,100 shares of the company's stock worth $115,000 after purchasing an additional 433 shares in the last quarter.

Frontdoor Stock Up 2.1 %

Shares of FTDR traded up $0.77 during midday trading on Wednesday, hitting $37.84. 764,005 shares of the company's stock traded hands, compared to its average volume of 686,751. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49. The firm's fifty day moving average is $53.36 and its 200-day moving average is $53.07. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $2.83 billion, a price-to-earnings ratio of 12.53 and a beta of 1.18.

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Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Truist Financial increased their price objective on Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. The Goldman Sachs Group lowered their target price on Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a report on Monday, March 3rd. One equities research 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $50.25.

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.