Brevan Howard Capital Management LP Has $947,000 Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Brevan Howard Capital Management LP reduced its position in Frontdoor, Inc. (NASDAQ:FTDR) by 47.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 17,329 shares of the company’s stock after selling 15,642 shares during the period. Brevan Howard Capital Management LP’s holdings in Frontdoor were worth $947,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. raised its holdings in Frontdoor by 514.7% during the 4th quarter. Bessemer Group Inc. now owns 627 shares of the company’s stock worth $34,000 after purchasing an additional 525 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Frontdoor during the 4th quarter worth approximately $60,000. TD Private Client Wealth LLC raised its stake in shares of Frontdoor by 12.9% during the fourth quarter. TD Private Client Wealth LLC now owns 1,597 shares of the company’s stock worth $87,000 after buying an additional 183 shares during the last quarter. Blue Trust Inc. lifted its holdings in Frontdoor by 315.3% in the fourth quarter. Blue Trust Inc. now owns 1,632 shares of the company’s stock valued at $89,000 after buying an additional 1,239 shares during the period. Finally, Nkcfo LLC bought a new position in Frontdoor in the fourth quarter valued at approximately $96,000.

Frontdoor Stock Down 0.8 %

Frontdoor stock opened at $53.01 on Thursday. The company has a 50 day moving average of $40.41 and a 200-day moving average of $50.95. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 2.16. Frontdoor, Inc. has a twelve month low of $32.95 and a twelve month high of $63.49. The stock has a market capitalization of $3.96 billion, a PE ratio of 17.55 and a beta of 1.21.

Frontdoor (NASDAQ:FTDR) last announced its earnings results on Thursday, May 1st. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.27. The firm had revenue of $426.00 million during the quarter, compared to analyst estimates of $416.37 million. Frontdoor had a net margin of 12.87% and a return on equity of 132.99%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 EPS. On average, equities research analysts anticipate that Frontdoor, Inc. will post 3.07 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on FTDR shares. The Goldman Sachs Group cut their target price on Frontdoor from $46.00 to $40.00 and set a “sell” rating on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. lowered shares of Frontdoor from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $58.00 to $40.00 in a research note on Tuesday, April 22nd. Finally, Truist Financial boosted their price objective on shares of Frontdoor from $58.00 to $67.00 and gave the company a “buy” rating in a report on Friday, February 14th.

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.