Mutual of America Capital Management LLC Sells 1,276 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Mutual of America Capital Management LLC trimmed its position in Frontdoor, Inc. (NASDAQ:FTDR) by 10.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,510 shares of the company’s stock after selling 1,276 shares during the period. Mutual of America Capital Management LLC’s holdings in Frontdoor were worth $552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new position in shares of Frontdoor in the third quarter valued at about $27,000. GAMMA Investing LLC grew its stake in shares of Frontdoor by 90.7% in the second quarter. GAMMA Investing LLC now owns 879 shares of the company’s stock worth $30,000 after purchasing an additional 418 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Frontdoor during the 3rd quarter valued at about $31,000. Isthmus Partners LLC raised its position in Frontdoor by 0.5% during the 2nd quarter. Isthmus Partners LLC now owns 110,249 shares of the company’s stock valued at $37,000 after purchasing an additional 603 shares during the last quarter. Finally, Quarry LP lifted its holdings in Frontdoor by 468.1% in the 2nd quarter. Quarry LP now owns 1,085 shares of the company’s stock worth $37,000 after buying an additional 894 shares during the period.

Frontdoor Stock Down 1.5 %

FTDR stock opened at $58.63 on Wednesday. The stock has a market capitalization of $4.45 billion, a P/E ratio of 19.33 and a beta of 1.03. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.42 and a quick ratio of 1.42. Frontdoor, Inc. has a 1-year low of $29.41 and a 1-year high of $60.42. The business has a fifty day moving average price of $51.53 and a 200-day moving average price of $43.85.

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

Analysts Set New Price Targets

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

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.