Mackenzie Financial Corp Has $120.15 Million Stock Holdings in Frontdoor, Inc. (NASDAQ:FTDR)

Mackenzie Financial Corp trimmed its position in Frontdoor, Inc. (NASDAQ:FTDR) by 34.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,411,423 shares of the company’s stock after selling 1,808,283 shares during the quarter. Mackenzie Financial Corp’s holdings in Frontdoor were worth $120,150,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jackson Creek Investment Advisors LLC acquired a new position in Frontdoor in the 3rd quarter valued at $822,000. Reinhart Partners LLC. grew its holdings in Frontdoor by 11.0% in the 4th quarter. Reinhart Partners LLC. now owns 1,984,123 shares of the company’s stock valued at $69,881,000 after buying an additional 197,019 shares in the last quarter. Lazard Asset Management LLC grew its holdings in Frontdoor by 500.6% in the 3rd quarter. Lazard Asset Management LLC now owns 45,158 shares of the company’s stock valued at $1,381,000 after buying an additional 37,639 shares in the last quarter. Acadian Asset Management LLC acquired a new position in Frontdoor in the 3rd quarter valued at $88,000. Finally, FMR LLC grew its holdings in Frontdoor by 0.3% in the 3rd quarter. FMR LLC now owns 581,862 shares of the company’s stock valued at $17,799,000 after buying an additional 1,839 shares in the last quarter.

Frontdoor Stock Performance

FTDR opened at $30.21 on Tuesday. The firm has a market cap of $2.36 billion, a P/E ratio of 14.25 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 company has a debt-to-equity ratio of 4.24, a quick ratio of 1.10 and a current ratio of 1.10. The business’s fifty day moving average is $31.74 and its 200-day moving average is $32.72.

Frontdoor (NASDAQ:FTDR) last released its earnings results on Wednesday, February 28th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.18. The company had revenue of $366.00 million for the quarter, compared to analyst estimates 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 in the prior year, the firm posted $0.13 EPS. Sell-side analysts expect that Frontdoor, Inc. will post 2.35 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wells Fargo & Company decreased their price objective on Frontdoor from $40.00 to $36.00 and set an “equal weight” rating on the stock in a report on Friday, March 1st. One equities research 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 MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $39.40.

Frontdoor Company Profile

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.