Cannae Holdings Inc (CNNE) Stake Raised by Deutsche Bank AG
Deutsche Bank AG lifted its position in Cannae Holdings Inc (NYSE:CNNE) by 185.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 419,649 shares of the company’s stock after buying an additional 272,468 shares during the quarter. Deutsche Bank AG owned approximately 0.58% of Cannae worth $7,182,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in Cannae in the fourth quarter valued at approximately $41,000. PNC Financial Services Group Inc. raised its stake in Cannae by 13.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,816 shares of the company’s stock valued at $133,000 after purchasing an additional 949 shares in the last quarter. Athena Capital Advisors LLC purchased a new stake in Cannae in the fourth quarter valued at approximately $151,000. Raymond James Trust N.A. raised its stake in Cannae by 4.8% in the fourth quarter. Raymond James Trust N.A. now owns 12,507 shares of the company’s stock valued at $214,000 after purchasing an additional 568 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in Cannae by 10.0% in the fourth quarter. SG Americas Securities LLC now owns 13,743 shares of the company’s stock valued at $235,000 after purchasing an additional 1,246 shares in the last quarter. 82.00% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently weighed in on the stock. TheStreet raised shares of Cannae from a “c” rating to a “b” rating in a research note on Friday, March 15th. Zacks Investment Research raised shares of Cannae from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Thursday, March 14th. Finally, ValuEngine downgraded shares of Cannae from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 4th.
Cannae (NYSE:CNNE) last posted its quarterly earnings results on Thursday, March 14th. The company reported $0.94 EPS for the quarter, topping the consensus estimate of ($0.09) by $1.03. The firm had revenue of $317.20 million for the quarter, compared to the consensus estimate of $321.10 million. Cannae had a net margin of 2.28% and a return on equity of 4.15%. The firm’s revenue for the quarter was down .1% compared to the same quarter last year. On average, analysts anticipate that Cannae Holdings Inc will post 0.4 EPS for the current year.
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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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