Royce & Associates LP Reduces Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Royce & Associates LP lowered its position in shares of Frontdoor, Inc. (NASDAQ:FTDR - Free Report) by 13.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 155,037 shares of the company's stock after selling 24,294 shares during the period. Royce & Associates LP owned about 0.20% of Frontdoor worth $8,476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTDR. Atria Investments Inc bought a new stake in Frontdoor in the 3rd quarter worth approximately $315,000. Natixis Advisors LLC raised its stake in shares of Frontdoor by 13.3% during the third quarter. Natixis Advisors LLC now owns 17,213 shares of the company's stock worth $826,000 after acquiring an additional 2,023 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of Frontdoor by 2.2% in the 3rd quarter. Quest Partners LLC now owns 32,488 shares of the company's stock worth $1,559,000 after acquiring an additional 707 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Frontdoor by 362.8% in the 3rd quarter. Meeder Asset Management Inc. now owns 24,590 shares of the company's stock valued at $1,180,000 after purchasing an additional 19,277 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Frontdoor by 10.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 174,685 shares of the company's stock valued at $8,383,000 after purchasing an additional 17,166 shares during the last quarter.

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Analyst Ratings Changes

Several analysts have weighed in on the stock. The Goldman Sachs Group lowered their price target on shares of Frontdoor from $46.00 to $40.00 and set a "sell" rating for the company in a research note on Monday, March 3rd. Truist Financial raised their price target on shares of Frontdoor from $58.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, February 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Frontdoor has an average rating of "Hold" and a consensus price target of $50.25.

Frontdoor Trading Up 0.8 %

FTDR stock traded up $0.29 on Friday, reaching $38.09. The company's stock had a trading volume of 1,298,535 shares, compared to its average volume of 687,588. The firm has a market cap of $2.85 billion, a PE ratio of 12.61 and a beta of 1.18. The business has a fifty day simple moving average of $52.25 and a two-hundred day simple moving average of $52.79. Frontdoor, Inc. has a 12-month low of $29.41 and a 12-month high of $63.49. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42.

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.