Legato Capital Management LLC Sells 5,608 Shares of Frontdoor, Inc. (NASDAQ:FTDR)

Legato Capital Management LLC decreased its stake in shares of Frontdoor, Inc. (NASDAQ:FTDR) by 24.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,724 shares of the company’s stock after selling 5,608 shares during the period. Legato Capital Management LLC’s holdings in Frontdoor were worth $969,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in Frontdoor in the fourth quarter valued at $1,434,000. Empowered Funds LLC acquired a new stake in shares of Frontdoor during the 4th quarter worth about $545,000. Advisors Preferred LLC acquired a new stake in shares of Frontdoor during the 4th quarter worth about $1,060,000. Livforsakringsbolaget Skandia Omsesidigt bought a new position in Frontdoor during the fourth quarter worth about $2,280,000. Finally, Measured Wealth Private Client Group LLC bought a new position in Frontdoor during the fourth quarter worth about $308,000.

Insider Activity at Frontdoor

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

Frontdoor Stock Up 1.9 %

Shares of NASDAQ FTDR opened at $58.86 on Friday. 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 52-week low of $29.41 and a 52-week high of $63.49. The company’s 50 day moving average price is $57.62 and its 200-day moving average price is $52.69. The company has a market capitalization of $4.46 billion, a P/E ratio of 19.49 and a beta of 1.08.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on FTDR. Truist Financial raised their price target on shares of Frontdoor from $56.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group lifted their price target on shares of Frontdoor from $41.00 to $46.00 and gave the company a “sell” rating in a 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $49.50.

Frontdoor 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.