D. E. Shaw & Co. Inc. grew its stake in Cannae Holdings Inc (NYSE:CNNE) by 55.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 502,338 shares of the company’s stock after acquiring an additional 179,587 shares during the period. D. E. Shaw & Co. Inc. owned about 0.70% of Cannae worth $8,600,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in CNNE. Walthausen & Co. LLC purchased a new stake in shares of Cannae in the 3rd quarter valued at approximately $10,049,000. Maltese Capital Management LLC purchased a new stake in shares of Cannae in the 3rd quarter valued at approximately $9,979,000. Dimensional Fund Advisors LP increased its stake in Cannae by 13.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,621,528 shares of the company’s stock worth $54,921,000 after buying an additional 307,826 shares during the period. BlackRock Inc. increased its stake in Cannae by 5.5% during the 3rd quarter. BlackRock Inc. now owns 5,224,312 shares of the company’s stock worth $109,449,000 after buying an additional 271,725 shares during the period. Finally, Advisory Research Inc. increased its stake in Cannae by 12.4% during the 3rd quarter. Advisory Research Inc. now owns 2,000,862 shares of the company’s stock worth $41,918,000 after buying an additional 221,168 shares during the period. 82.00% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on CNNE shares. Zacks Investment Research raised shares of 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 downgraded shares of Cannae from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th. Finally, TheStreet raised shares of Cannae from a “c” rating to a “b” rating in a research note on Friday, March 15th.

Shares of CNNE opened at $23.53 on Tuesday. Cannae Holdings Inc has a fifty-two week low of $15.87 and a fifty-two week high of $24.28. The company has a market cap of $1.69 billion, a P/E ratio of 34.41 and a beta of 0.79. The company has a current ratio of 2.82, a quick ratio of 2.68 and a debt-to-equity ratio of 0.04.

Cannae (NYSE:CNNE) last announced its earnings results on Thursday, March 14th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $1.03. Cannae had a net margin of 2.28% and a return on equity of 4.15%. The firm had revenue of $317.20 million for the quarter, compared to the consensus estimate of $321.10 million. The firm’s revenue was down .1% on a year-over-year basis. On average, research analysts forecast that Cannae Holdings Inc will post 0.18 earnings per share for the current fiscal year.

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Cannae 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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Institutional Ownership by Quarter for Cannae (NYSE:CNNE)

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