Parkside Financial Bank & Trust Has $49,000 Stake in Frontdoor, Inc. (NASDAQ:FTDR)

Parkside Financial Bank & Trust raised its stake in Frontdoor, Inc. (NASDAQ:FTDR) by 9,892.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,399 shares of the company’s stock after buying an additional 1,385 shares during the period. Parkside Financial Bank & Trust’s holdings in Frontdoor were worth $49,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. lifted its stake in Frontdoor by 5.3% in the fourth quarter. Meeder Asset Management Inc. now owns 7,137 shares of the company’s stock valued at $251,000 after buying an additional 359 shares during the period. Arizona State Retirement System lifted its stake in Frontdoor by 1.6% in the third quarter. Arizona State Retirement System now owns 23,270 shares of the company’s stock valued at $712,000 after buying an additional 373 shares during the period. Meritage Portfolio Management lifted its stake in Frontdoor by 5.4% in the third quarter. Meritage Portfolio Management now owns 9,628 shares of the company’s stock valued at $295,000 after buying an additional 492 shares during the period. Strs Ohio lifted its stake in Frontdoor by 10.6% in the third quarter. Strs Ohio now owns 7,300 shares of the company’s stock valued at $223,000 after buying an additional 700 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in Frontdoor by 6.1% in the fourth quarter. Handelsbanken Fonder AB now owns 13,900 shares of the company’s stock valued at $490,000 after buying an additional 800 shares during the period.

Frontdoor Stock Up 1.2 %

NASDAQ:FTDR opened at $31.05 on Friday. The company has a debt-to-equity ratio of 4.24, a quick ratio of 1.10 and a current ratio of 1.10. The company has a market cap of $2.42 billion, a PE ratio of 14.65 and a beta of 0.89. Frontdoor, Inc. has a 52-week low of $26.09 and a 52-week high of $38.97. The stock has a 50-day simple moving average of $31.34 and a 200 day simple moving average of $32.71.

Frontdoor (NASDAQ:FTDR) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.18. The business had revenue of $366.00 million during the quarter, compared to the consensus estimate of $360.47 million. Frontdoor had a return on equity of 142.80% and a net margin of 9.66%. Frontdoor’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. On average, sell-side analysts expect that Frontdoor, Inc. will post 2.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company dropped their price target on Frontdoor from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Frontdoor has a consensus rating of “Hold” and a consensus target price of $39.40.

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.