Legato Capital Management LLC Cuts Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Legato Capital Management LLC cut its position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 24.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,724 shares of the company's stock after selling 5,608 shares during the quarter. Legato Capital Management LLC's holdings in Frontdoor were worth $969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in FTDR. Willis Investment Counsel increased its position in Frontdoor by 0.4% during the 4th quarter. Willis Investment Counsel now owns 46,753 shares of the company's stock valued at $2,556,000 after buying an additional 185 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Frontdoor by 4.8% in the fourth quarter. Pacer Advisors Inc. now owns 7,854 shares of the company's stock worth $429,000 after acquiring an additional 357 shares during the last quarter. CWM LLC increased its holdings in shares of Frontdoor by 15.8% during the third quarter. CWM LLC now owns 2,695 shares of the company's stock valued at $129,000 after acquiring an additional 367 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Frontdoor by 26.0% in 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 last quarter. Finally, Exchange Traded Concepts LLC bought a new position in Frontdoor in the 3rd quarter worth about $27,000.

Insiders Place Their Bets

In other news, SVP Kathryn M. Collins sold 25,784 shares of Frontdoor stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $58.06, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Evan Iverson sold 16,000 shares of the company's stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $58.84, for a total value of $941,440.00. Following the completion of the sale, the chief operating officer now owns 4,955 shares of the company's stock, valued at $291,552.20. This trade represents a 76.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by insiders.

Frontdoor Stock Performance

Shares of FTDR stock traded up $0.60 during trading hours on Monday, reaching $59.46. The company had a trading volume of 423,054 shares, compared to its average volume of 696,222. 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 business has a fifty day moving average price of $57.67 and a 200-day moving average price of $53.12. Frontdoor, Inc. has a one year low of $29.41 and a one year high of $63.49. The firm has a market cap of $4.51 billion, a PE ratio of 19.69 and a beta of 1.08.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on FTDR. The Goldman Sachs Group raised their price objective on shares of Frontdoor from $41.00 to $46.00 and gave the company a "sell" rating in a research note on Tuesday, November 5th. Truist Financial raised their price target on shares of Frontdoor from $58.00 to $67.00 and gave the company a "buy" rating in a research report on Friday. 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $51.75.

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.