Janus Henderson Group PLC Has $274.24 Million Position in Frontdoor Inc (NASDAQ:FTDR)

Janus Henderson Group PLC boosted its position in shares of Frontdoor Inc (NASDAQ:FTDR) by 3.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,297,086 shares of the company’s stock after purchasing an additional 182,818 shares during the quarter. Janus Henderson Group PLC owned 7.45% of Frontdoor worth $274,238,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Iridian Asset Management LLC CT acquired a new position in Frontdoor during the first quarter valued at approximately $145,676,000. FIL Ltd acquired a new position in Frontdoor during the first quarter valued at approximately $116,498,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Frontdoor during the first quarter valued at approximately $59,584,000. Chilton Investment Co. LLC acquired a new position in shares of Frontdoor in the first quarter valued at approximately $34,011,000. Finally, Marshall Wace LLP acquired a new position in shares of Frontdoor in the first quarter valued at approximately $33,638,000. Hedge funds and other institutional investors own 94.38% of the company’s stock.

Shares of FTDR stock traded up $0.12 during trading on Tuesday, reaching $49.90. The company’s stock had a trading volume of 11,173 shares, compared to its average volume of 620,066. The firm’s fifty day moving average is $45.29. The stock has a market capitalization of $4.22 billion and a P/E ratio of 28.41. Frontdoor Inc has a one year low of $20.66 and a one year high of $51.96.

Frontdoor (NASDAQ:FTDR) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.23. The business had revenue of $388.00 million for the quarter, compared to analyst estimates of $387.49 million. Frontdoor had a net margin of 10.57% and a negative return on equity of 41.36%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 earnings per share. Analysts predict that Frontdoor Inc will post 1.75 earnings per share for the current fiscal year.

FTDR has been the subject of several research analyst reports. Raymond James upped their price target on shares of Frontdoor from $45.00 to $48.00 and gave the company an “outperform” rating in a report on Wednesday, June 26th. Buckingham Research cut shares of Frontdoor from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a report on Wednesday, July 31st. Zacks Investment Research upgraded shares of Frontdoor from a “hold” rating to a “strong-buy” rating and set a $58.00 price target for the company in a report on Saturday. Compass Point reiterated a “buy” rating and issued a $47.50 price target (up previously from $45.00) on shares of Frontdoor in a report on Thursday, May 9th. Finally, Credit Suisse Group initiated coverage on shares of Frontdoor in a report on Thursday, April 18th. They issued a “neutral” rating and a $40.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $46.15.

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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