Mackay Shields LLC Has $5.38 Million Stock Position in Frontdoor Inc (NASDAQ:FTDR)

Mackay Shields LLC trimmed its position in Frontdoor Inc (NASDAQ:FTDR) by 12.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,656 shares of the company’s stock after selling 15,190 shares during the quarter. Mackay Shields LLC’s holdings in Frontdoor were worth $5,375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of FTDR. Steward Partners Investment Advisory LLC lifted its stake in shares of Frontdoor by 67.5% in the third quarter. Steward Partners Investment Advisory LLC now owns 695 shares of the company’s stock worth $33,000 after buying an additional 280 shares during the last quarter. Quest Capital Management Inc. ADV acquired a new stake in shares of Frontdoor in the third quarter worth $38,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Frontdoor in the second quarter worth $40,000. Quantamental Technologies LLC acquired a new stake in shares of Frontdoor in the second quarter worth $74,000. Finally, Aperio Group LLC acquired a new stake in shares of Frontdoor in the second quarter worth $78,000. Institutional investors and hedge funds own 94.98% of the company’s stock.

NASDAQ:FTDR traded up $0.68 during trading hours on Friday, hitting $44.93. 851,400 shares of the company traded hands, compared to its average volume of 594,122. Frontdoor Inc has a twelve month low of $20.66 and a twelve month high of $53.29. The stock has a market capitalization of $3.71 billion and a price-to-earnings ratio of 25.38. The firm has a 50-day moving average of $49.13 and a 200 day moving average of $45.42.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Tuesday, November 5th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. Frontdoor had a net margin of 11.23% and a negative return on equity of 54.13%. The company had revenue of $407.00 million for the quarter, compared to the consensus estimate of $411.14 million. During the same period in the prior year, the company posted $0.49 EPS. The company’s revenue was up 8.0% compared to the same quarter last year. On average, analysts expect that Frontdoor Inc will post 1.84 EPS for the current year.

A number of analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Frontdoor from a “buy” rating to a “hold” rating in a research note on Thursday, October 31st. Oppenheimer upped their target price 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. SunTrust Banks reiterated a “buy” rating and set a $50.00 target price on shares of Frontdoor in a research note on Monday, November 4th. Wells Fargo & Co cut shares of Frontdoor from an “outperform” rating to a “market perform” rating and upped their target price for the company from $50.00 to $55.00 in a research note on Thursday, September 26th. Finally, Buckingham Research cut shares of Frontdoor from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a research note on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $46.83.

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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