Thompson Siegel & Walmsley LLC Increases Stock Holdings in Cannae Holdings, Inc. $CNNE

Thompson Siegel & Walmsley LLC grew its position in Cannae Holdings, Inc. (NYSE:CNNEFree Report) by 17.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 950,378 shares of the company’s stock after buying an additional 144,570 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Cannae were worth $14,949,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Cannae in the second quarter valued at $62,000. Kelleher Financial Advisors purchased a new position in shares of Cannae in the third quarter valued at $73,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of Cannae in the fourth quarter valued at $85,000. AlphaQuest LLC increased its position in shares of Cannae by 62.0% in the third quarter. AlphaQuest LLC now owns 5,781 shares of the company’s stock valued at $106,000 after buying an additional 2,212 shares in the last quarter. Finally, CWM LLC increased its position in shares of Cannae by 79.9% in the fourth quarter. CWM LLC now owns 7,313 shares of the company’s stock valued at $115,000 after buying an additional 3,248 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Cannae Trading Down 0.0%

Cannae stock opened at $14.82 on Monday. The stock has a market cap of $651.32 million, a PE ratio of -1.90 and a beta of 1.19. The stock has a 50-day moving average price of $12.84 and a 200 day moving average price of $14.08. Cannae Holdings, Inc. has a 52 week low of $10.46 and a 52 week high of $21.96. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.07.

Cannae (NYSE:CNNEGet Free Report) last posted its quarterly earnings data on Monday, May 11th. The company reported ($0.70) EPS for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.30). The company had revenue of $96.20 million for the quarter, compared to analysts’ expectations of $99.77 million. Cannae had a negative return on equity of 36.53% and a negative net margin of 103.77%.The company’s revenue for the quarter was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.81) EPS. Equities research analysts predict that Cannae Holdings, Inc. will post -2.4 earnings per share for the current fiscal year.

Cannae Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, June 16th. Cannae’s dividend payout ratio (DPR) is currently -7.68%.

Analyst Upgrades and Downgrades

CNNE has been the subject of a number of research analyst reports. Stephens restated an “overweight” rating and issued a $17.00 price target on shares of Cannae in a research report on Thursday, April 23rd. Royal Bank Of Canada restated an “outperform” rating on shares of Cannae in a research report on Tuesday, May 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cannae in a research report on Wednesday, April 8th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Read Our Latest Research Report on Cannae

Cannae Profile

(Free Report)

Cannae Holdings, Inc (NYSE: CNNE) is a publicly traded diversified holding company that focuses on partnering with and investing in businesses across a range of industry sectors. The company seeks to identify attractive opportunities in both private and public markets, leveraging its capital resources and management expertise to support operational growth and value creation. Cannae’s investment strategy emphasizes companies in data and analytics, marketing services, healthcare technology, and payment processing.

Through its portfolio, Cannae holds controlling or significant minority stakes in companies that provide critical software, data and services to corporate clients.

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Institutional Ownership by Quarter for Cannae (NYSE:CNNE)

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