Isthmus Partners LLC Sells 19,393 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Isthmus Partners LLC lessened its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 17.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 90,856 shares of the company’s stock after selling 19,393 shares during the period. Isthmus Partners LLC owned about 0.12% of Frontdoor worth $4,360,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. BOKF NA bought a new stake in Frontdoor during the second quarter worth about $493,000. Harbor Capital Advisors Inc. raised its holdings in Frontdoor by 84.0% during the third quarter. Harbor Capital Advisors Inc. now owns 184,408 shares of the company’s stock worth $8,850,000 after acquiring an additional 84,167 shares in the last quarter. Swedbank AB bought a new stake in Frontdoor during the first quarter worth about $18,542,000. Natixis Advisors LLC bought a new stake in Frontdoor during the second quarter worth about $513,000. Finally, Boston Partners raised its holdings in Frontdoor by 8.9% during the first quarter. Boston Partners now owns 6,198,543 shares of the company’s stock worth $201,662,000 after acquiring an additional 506,217 shares in the last quarter.

Wall Street Analyst Weigh In

Several research firms have issued reports on FTDR. JPMorgan Chase & Co. upped their price objective on Frontdoor from $45.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, August 12th. The Goldman Sachs Group upped their price objective on Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a research note on Tuesday, November 5th. Truist Financial upped their price objective on Frontdoor from $56.00 to $58.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, William Blair upgraded Frontdoor from a “market perform” rating to an “outperform” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $49.50.

Frontdoor Price Performance

Frontdoor stock opened at $58.17 on Friday. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of 19.26 and a beta of 1.03. Frontdoor, Inc. has a 12 month low of $29.41 and a 12 month high of $60.42. 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’s 50 day moving average is $51.92 and its 200-day moving average is $44.10.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Monday, November 4th. The company reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.33. The business had revenue of $540.00 million for the quarter, compared to the consensus estimate of $541.88 million. Frontdoor had a return on equity of 132.99% and a net margin of 12.87%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.94 earnings per share. Equities research analysts expect that Frontdoor, Inc. will post 3.14 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.