Reinhart Partners LLC. Reduces Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Reinhart Partners LLC. reduced its stake in Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,037,618 shares of the company's stock after selling 239,078 shares during the quarter. Frontdoor makes up 4.3% of Reinhart Partners LLC.'s investment portfolio, making the stock its 3rd largest holding. Reinhart Partners LLC. owned approximately 2.69% of Frontdoor worth $111,397,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Exchange Traded Concepts LLC acquired a new position in Frontdoor in the 3rd quarter valued at $27,000. V Square Quantitative Management LLC bought a new position in shares of Frontdoor in the third quarter worth about $31,000. Quarry LP lifted its position in shares of Frontdoor by 468.1% during the 2nd quarter. Quarry LP now owns 1,085 shares of the company's stock worth $37,000 after purchasing an additional 894 shares during the last quarter. TD Private Client Wealth LLC acquired a new position in shares of Frontdoor during the 3rd quarter worth about $68,000. Finally, GAMMA Investing LLC boosted its position in shares of Frontdoor by 89.6% in the third quarter. GAMMA Investing LLC now owns 1,667 shares of the company's stock valued at $80,000 after acquiring an additional 788 shares during the period.

Insiders Place Their Bets

In other Frontdoor news, COO Evan Iverson sold 16,000 shares of the business's stock in a transaction dated 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 transaction, the chief operating officer now directly owns 4,955 shares of the company's stock, valued at approximately $291,552.20. The trade was a 76.35 % decrease in their ownership of the stock. 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 firm's stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total transaction of $1,497,019.04. Following the sale, the senior vice president now owns 9,429 shares in the company, valued at approximately $547,447.74. The trade was a 73.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.29% of the company's stock.

Frontdoor Price Performance

Shares of FTDR traded up $0.19 during mid-day trading on Monday, reaching $55.68. The company had a trading volume of 673,893 shares, compared to its average volume of 584,970. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $4.22 billion, a P/E ratio of 18.44 and a beta of 1.08. Frontdoor, Inc. has a twelve month low of $29.41 and a twelve month high of $60.42. The company's 50-day moving average is $56.75 and its 200-day moving average is $48.97.

Frontdoor (NASDAQ:FTDR - Get Free Report) last released its quarterly earnings results on Monday, November 4th. The company reported $1.38 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.33. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The business had revenue of $540.00 million for the quarter, compared to analyst estimates of $541.88 million. During the same period in the prior year, the company earned $0.94 EPS. Frontdoor's revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities analysts anticipate that Frontdoor, Inc. will post 3.14 EPS for the current year.

Analyst Upgrades and Downgrades

FTDR has been the topic of a number of research reports. The Goldman Sachs Group boosted their target price on shares of Frontdoor from $41.00 to $46.00 and gave the stock a "sell" rating in a research report on Tuesday, November 5th. Truist Financial lifted their price objective on Frontdoor from $56.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $49.50.

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.