Gamble Jones Investment Counsel Invests $1.15 Million in Frontdoor Inc (FTDR) Stock

Gamble Jones Investment Counsel bought a new position in shares of Frontdoor Inc (NASDAQ:FTDR) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 33,506 shares of the company’s stock, valued at approximately $1,153,000.

Several other large investors also recently made changes to their positions in FTDR. Rhumbline Advisers bought a new position in shares of Frontdoor during the 1st quarter worth about $2,642,000. Kornitzer Capital Management Inc. KS bought a new position in shares of Frontdoor during the 1st quarter worth about $13,475,000. Sterling Investment Advisors Ltd. bought a new position in shares of Frontdoor during the 1st quarter worth about $34,000. Public Employees Retirement Association of Colorado bought a new position in shares of Frontdoor during the 1st quarter worth about $357,000. Finally, Janus Henderson Group PLC bought a new position in shares of Frontdoor during the 1st quarter worth about $210,453,000. Institutional investors own 76.25% of the company’s stock.

A number of research firms have recently issued reports on FTDR. Guggenheim began coverage on shares of Frontdoor in a research report on Monday, April 8th. They set a “buy” rating and a $40.00 price objective on the stock. William Blair began coverage on shares of Frontdoor in a research report on Tuesday, March 26th. They set an “outperform” rating and a $32.40 price objective on the stock. JPMorgan Chase & Co. began coverage on shares of Frontdoor in a research report on Monday, March 25th. They set an “overweight” rating and a $41.00 price objective on the stock. SunTrust Banks reissued a “buy” rating on shares of Frontdoor in a research report on Tuesday. Finally, Raymond James began coverage on shares of Frontdoor in a research report on Thursday, April 25th. They issued an “outperform” rating and a $42.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Frontdoor presently has a consensus rating of “Buy” and a consensus target price of $42.12.

Shares of NASDAQ FTDR opened at $34.35 on Wednesday. Frontdoor Inc has a fifty-two week low of $20.66 and a fifty-two week high of $49.92. The stock has a market capitalization of $2.98 billion and a P/E ratio of 19.41.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings results on Wednesday, February 27th. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.15. The business had revenue of $279.00 million during the quarter, compared to the consensus estimate of $277.87 million. During the same period in the previous year, the business posted $0.36 EPS. Frontdoor’s revenue was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Frontdoor Inc will post 1.45 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: This report was first reported by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this report on another site, it was copied illegally and reposted in violation of United States & international trademark & copyright laws. The correct version of this report can be viewed at https://www.baseballdailydigest.com/news/2019/05/08/gamble-jones-investment-counsel-invests-1-15-million-in-frontdoor-inc-ftdr-stock.html.

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.

Recommended Story: Swap

Want to see what other hedge funds are holding FTDR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Frontdoor Inc (NASDAQ:FTDR).

Institutional Ownership by Quarter for Frontdoor (NASDAQ:FTDR)

Receive News & Ratings for Frontdoor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Frontdoor and related companies with MarketBeat.com's FREE daily email newsletter.