Frontdoor, Inc. (NASDAQ:FTDR) Shares Sold by Castellan Group

Castellan Group cut its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 0.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 122,271 shares of the company’s stock after selling 266 shares during the period. Frontdoor makes up 2.9% of Castellan Group’s portfolio, making the stock its 10th largest holding. Castellan Group’s holdings in Frontdoor were worth $6,685,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FTDR. CWM LLC lifted its holdings in shares of Frontdoor by 15.8% during the third quarter. CWM LLC now owns 2,695 shares of the company’s stock worth $129,000 after purchasing an additional 367 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Frontdoor during the third quarter worth $27,000. Creative Planning lifted its holdings in shares of Frontdoor by 21.5% during the third quarter. Creative Planning now owns 19,061 shares of the company’s stock worth $915,000 after purchasing an additional 3,370 shares during the period. nVerses Capital LLC lifted its holdings in shares of Frontdoor by 31.6% during the third quarter. nVerses Capital LLC now owns 5,000 shares of the company’s stock worth $240,000 after purchasing an additional 1,200 shares during the period. Finally, V Square Quantitative Management LLC acquired a new stake in shares of Frontdoor during the third quarter worth $31,000.

Insiders Place Their Bets

In other news, SVP Kathryn M. Collins sold 25,784 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $58.06, for a total value of $1,497,019.04. Following the completion of the transaction, the senior vice president now owns 9,429 shares in the company, valued at $547,447.74. This trade represents a 73.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Evan Iverson sold 16,000 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $58.84, for a total value of $941,440.00. Following the completion of the transaction, the chief operating officer now owns 4,955 shares of the company’s stock, valued at approximately $291,552.20. This represents a 76.35 % decrease in their position. The disclosure for this sale can be found here. 0.29% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Truist Financial increased their price target on Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group increased their price objective on Frontdoor from $41.00 to $46.00 and gave the stock a “sell” rating in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $49.50.

Frontdoor Trading Down 0.9 %

NASDAQ:FTDR opened at $57.75 on Thursday. The stock has a fifty day moving average price of $57.59 and a two-hundred day moving average price of $52.65. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of 19.12 and a beta of 1.08. The company has a debt-to-equity ratio of 2.16, a quick ratio of 1.42 and a current ratio of 1.42. Frontdoor, Inc. has a 1 year low of $29.41 and a 1 year high of $63.49.

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.