Healthcare of Ontario Pension Plan Trust Fund Raises Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 357.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 140,800 shares of the company's stock after purchasing an additional 110,000 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned approximately 0.18% of Frontdoor worth $4,758,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in FTDR. GAMMA Investing LLC grew its position in Frontdoor by 90.7% during the 2nd quarter. GAMMA Investing LLC now owns 879 shares of the company's stock worth $30,000 after acquiring an additional 418 shares during the last quarter. Quarry LP raised its holdings in Frontdoor by 468.1% during the 2nd quarter. Quarry LP now owns 1,085 shares of the company's stock valued at $37,000 after buying an additional 894 shares during the last quarter. Covestor Ltd raised its holdings in Frontdoor by 288.6% during the 1st quarter. Covestor Ltd now owns 1,154 shares of the company's stock valued at $38,000 after buying an additional 857 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in Frontdoor during the 4th quarter valued at $71,000. Finally, nVerses Capital LLC bought a new stake in Frontdoor in the 2nd quarter worth $128,000.

Wall Street Analyst Weigh In

Several research firms have weighed in on FTDR. The Goldman Sachs Group increased their price objective on Frontdoor from $33.00 to $41.00 and gave the stock a "sell" rating in a report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on shares of Frontdoor from $45.00 to $55.00 and gave the company an "overweight" rating in a research report on Monday, August 12th. William Blair raised shares of Frontdoor from a "market perform" rating to an "outperform" rating in a research note on Friday, August 2nd. Finally, Truist Financial lifted their price objective on Frontdoor from $45.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $47.75.

Frontdoor Stock Up 1.8 %

FTDR traded up $0.83 during midday trading on Friday, reaching $47.78. The company's stock had a trading volume of 416,005 shares, compared to its average volume of 734,918. Frontdoor, Inc. has a 1 year low of $28.25 and a 1 year high of $49.43. The stock's 50-day moving average is $46.71 and its 200-day moving average is $38.50. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 20.96 and a beta of 1.04. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 2.66.

Frontdoor (NASDAQ:FTDR - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.27. Frontdoor had a return on equity of 132.94% and a net margin of 11.38%. The company had revenue of $542.00 million during the quarter, compared to analyst estimates of $536.74 million. During the same quarter last year, the company earned $0.87 EPS. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, research analysts expect that Frontdoor, Inc. will post 2.79 EPS for the current year.

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.