Kornitzer Capital Management Inc. KS Purchases 39,629 Shares of Frontdoor Inc (NASDAQ:FTDR)

Kornitzer Capital Management Inc. KS lifted its position in shares of Frontdoor Inc (NASDAQ:FTDR) by 10.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 431,118 shares of the company’s stock after purchasing an additional 39,629 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Frontdoor were worth $18,775,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Synovus Financial Corp bought a new position in Frontdoor during the 1st quarter worth $29,000. Sterling Investment Advisors Ltd. bought a new position in Frontdoor during the 1st quarter worth $34,000. Aperio Group LLC bought a new position in Frontdoor during the 2nd quarter worth $78,000. Huntington National Bank bought a new position in Frontdoor during the 2nd quarter worth $99,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Frontdoor during the 1st quarter worth $135,000. Institutional investors own 94.38% of the company’s stock.

Shares of FTDR stock traded down $0.39 during trading hours on Wednesday, reaching $50.05. The company’s stock had a trading volume of 21,006 shares, compared to its average volume of 642,475. The company’s 50 day moving average is $45.46. The firm has a market capitalization of $4.22 billion and a P/E ratio of 28.50. Frontdoor Inc has a fifty-two week low of $20.66 and a fifty-two week high of $51.96.



Frontdoor (NASDAQ:FTDR) last issued its earnings results on Wednesday, August 7th. The company reported $0.73 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.23. The firm had revenue of $388.00 million for the quarter, compared to the consensus estimate of $387.49 million. Frontdoor had a negative return on equity of 41.36% and a net margin of 10.57%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. Sell-side analysts anticipate that Frontdoor Inc will post 1.75 earnings per share for the current fiscal year.

A number of equities analysts have commented on FTDR shares. Buckingham Research lowered Frontdoor from a “buy” rating to a “neutral” rating and set a $49.00 price objective on the stock. in a research note on Wednesday, July 31st. Credit Suisse Group started coverage on Frontdoor in a research note on Thursday, April 18th. They set a “neutral” rating and a $40.00 price objective on the stock. Zacks Investment Research upgraded Frontdoor from a “hold” rating to a “strong-buy” rating and set a $58.00 price objective on the stock in a research note on Saturday. Raymond James raised their price objective on Frontdoor from $45.00 to $48.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 26th. Finally, Compass Point reaffirmed a “buy” rating and issued a $47.50 target price (up previously from $45.00) on shares of Frontdoor in a report on Thursday, May 9th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. Frontdoor currently has a consensus rating of “Buy” and a consensus target price of $46.15.

Frontdoor Profile

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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