Cannae Holdings Inc (NYSE:CNNE) Director Richard N. Massey bought 20,000 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was bought at an average cost of $25.15 per share, for a total transaction of $503,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NYSE CNNE opened at $25.64 on Thursday. Cannae Holdings Inc has a 12 month low of $15.87 and a 12 month high of $26.90. The firm has a market capitalization of $1.84 billion, a PE ratio of 37.16 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.68 and a current ratio of 1.18.
Cannae (NYSE:CNNE) last released its earnings results on Thursday, May 9th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.13). Cannae had a return on equity of 4.65% and a net margin of 2.89%. The company had revenue of $274.50 million during the quarter, compared to analysts’ expectations of $296.85 million. During the same period in the prior year, the company posted ($0.02) earnings per share. The company’s revenue was down 6.1% on a year-over-year basis. As a group, equities analysts anticipate that Cannae Holdings Inc will post 0.19 earnings per share for the current year.
Several institutional investors have recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Cannae by 158.9% during the fourth quarter. FMR LLC now owns 2,936,463 shares of the company’s stock valued at $50,273,000 after buying an additional 1,802,072 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Cannae by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,809,094 shares of the company’s stock valued at $68,148,000 after buying an additional 31,688 shares during the last quarter. Ancora Advisors LLC boosted its position in shares of Cannae by 8.4% during the fourth quarter. Ancora Advisors LLC now owns 1,028,181 shares of the company’s stock valued at $17,603,000 after buying an additional 79,727 shares during the last quarter. Norges Bank purchased a new stake in shares of Cannae during the fourth quarter valued at $15,439,000. Finally, Geode Capital Management LLC boosted its position in shares of Cannae by 11.4% during the first quarter. Geode Capital Management LLC now owns 861,037 shares of the company’s stock valued at $20,888,000 after buying an additional 87,980 shares during the last quarter. 82.54% of the stock is currently owned by institutional investors.
CNNE has been the topic of a number of recent research reports. Zacks Investment Research raised Cannae from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday, February 12th. ValuEngine cut Cannae from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th. Finally, TheStreet raised Cannae from a “c” rating to a “b” rating in a research note on Friday, March 15th.
Cannae Company Profile
Cannae Holdings, Inc is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. It takes both minority and majority stakes. Cannae Holdings, Inc is based in Las Vegas, Nevada.
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