Public Employees Retirement System of Ohio Grows Position in Frontdoor Inc (NASDAQ:FTDR)

Public Employees Retirement System of Ohio grew its position in shares of Frontdoor Inc (NASDAQ:FTDR) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,196 shares of the company’s stock after purchasing an additional 2,208 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.13% of Frontdoor worth $5,207,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC increased its holdings in Frontdoor by 67.5% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 695 shares of the company’s stock worth $33,000 after acquiring an additional 280 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in Frontdoor by 5.1% in the second quarter. Oppenheimer Asset Management Inc. now owns 6,044 shares of the company’s stock valued at $264,000 after acquiring an additional 293 shares during the last quarter. Willis Investment Counsel lifted its stake in shares of Frontdoor by 2.2% in the 3rd quarter. Willis Investment Counsel now owns 15,643 shares of the company’s stock valued at $760,000 after purchasing an additional 333 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Frontdoor by 0.3% during the 3rd quarter. California State Teachers Retirement System now owns 135,297 shares of the company’s stock worth $6,571,000 after purchasing an additional 366 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in shares of Frontdoor by 2.0% during the second quarter. CIBC Private Wealth Group LLC now owns 19,310 shares of the company’s stock worth $841,000 after buying an additional 385 shares during the period.

FTDR has been the subject of several research reports. Wells Fargo & Co downgraded Frontdoor from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $50.00 to $55.00 in a research report on Thursday, September 26th. ValuEngine cut shares of Frontdoor from a “hold” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research cut shares of Frontdoor from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Oppenheimer raised their price objective on shares of Frontdoor from $40.00 to $50.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. Finally, SunTrust Banks restated a “buy” rating and issued a $54.00 price objective on shares of Frontdoor in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $47.16.

NASDAQ:FTDR opened at $44.85 on Wednesday. The firm has a market cap of $3.83 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 1.60 and a beta of -0.68. The stock has a fifty day moving average price of $46.51 and a 200 day moving average price of $46.44. Frontdoor Inc has a 12-month low of $21.62 and a 12-month high of $53.29.

Frontdoor (NASDAQ:FTDR) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.07. Frontdoor had a negative return on equity of 54.13% and a net margin of 11.23%. The company had revenue of $407.00 million for the quarter, compared to the consensus estimate of $411.14 million. During the same quarter in the prior year, the business earned $0.49 EPS. Frontdoor’s revenue was up 8.0% on a year-over-year basis. Equities analysts anticipate that Frontdoor Inc will post 1.83 earnings per share for the current fiscal year.

About Frontdoor

frontdoor, inc. provides home service plans in the United States. The company's home service plans cover the repair or replacement of components of up to 21 household systems and appliances, including electrical, plumbing, water heaters, refrigerators, dishwashers, and ranges/ovens/cooktops, as well as central heating, ventilation and air conditioning systems.

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Institutional Ownership by Quarter for Frontdoor (NASDAQ:FTDR)

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