Illinois Municipal Retirement Fund Sells 1,341 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Illinois Municipal Retirement Fund cut its position in Frontdoor, Inc. (NASDAQ:FTDR) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 46,231 shares of the company’s stock after selling 1,341 shares during the period. Illinois Municipal Retirement Fund’s holdings in Frontdoor were worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FTDR. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Frontdoor in the third quarter valued at approximately $822,000. Reinhart Partners LLC. increased its stake in Frontdoor by 11.0% during the 4th quarter. Reinhart Partners LLC. now owns 1,984,123 shares of the company’s stock worth $69,881,000 after acquiring an additional 197,019 shares during the period. Lazard Asset Management LLC raised its holdings in Frontdoor by 500.6% in the 3rd quarter. Lazard Asset Management LLC now owns 45,158 shares of the company’s stock valued at $1,381,000 after acquiring an additional 37,639 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Frontdoor during the 3rd quarter valued at $88,000. Finally, FMR LLC grew its holdings in shares of Frontdoor by 0.3% during the 3rd quarter. FMR LLC now owns 581,862 shares of the company’s stock worth $17,799,000 after purchasing an additional 1,839 shares in the last quarter.

Frontdoor Stock Performance

Shares of NASDAQ:FTDR opened at $31.05 on Friday. Frontdoor, Inc. has a 1 year low of $26.09 and a 1 year high of $38.97. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 14.65 and a beta of 0.89. The company has a debt-to-equity ratio of 4.24, a current ratio of 1.10 and a quick ratio of 1.10. The company’s 50 day simple moving average is $31.34 and its 200 day simple moving average is $32.71.

Frontdoor (NASDAQ:FTDR) last issued its earnings results on Wednesday, February 28th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.18. Frontdoor had a return on equity of 142.80% and a net margin of 9.66%. The firm had revenue of $366.00 million for the quarter, compared to the consensus estimate of $360.47 million. During the same quarter last year, the business posted $0.13 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. As a group, research analysts predict that Frontdoor, Inc. will post 2.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company dropped their price target on Frontdoor from $40.00 to $36.00 and set an “equal weight” rating for the company in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Frontdoor currently has an average rating of “Hold” and an average price target of $39.40.

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.