Cannae Holdings Inc (NYSE:CNNE) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price target of $34.50 for the company and are anticipating that the company will post ($0.54) EPS for the current quarter, according to Zacks. Zacks has also given Cannae an industry rank of 90 out of 256 based on the ratings given to its competitors.

CNNE has been the subject of a number of research reports. TheStreet raised Cannae from a “c” rating to a “b-” rating in a research note on Thursday, August 8th. Zacks Investment Research raised shares of Cannae from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th.

Shares of CNNE traded up $0.09 during trading hours on Tuesday, hitting $29.65. The stock had a trading volume of 147,100 shares, compared to its average volume of 223,319. The company’s fifty day moving average price is $28.83. The stock has a market capitalization of $2.17 billion, a PE ratio of 42.97 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.18 and a quick ratio of 1.02. Cannae has a 52 week low of $15.87 and a 52 week high of $32.03.

Cannae (NYSE:CNNE) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.21. The business had revenue of $285.10 million for the quarter, compared to the consensus estimate of $281.25 million. Cannae had a net margin of 6.21% and a return on equity of 7.82%. The firm’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.28) EPS. On average, analysts anticipate that Cannae will post -0.3 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Cannae by 158.9% in the fourth quarter. FMR LLC now owns 2,936,463 shares of the company’s stock worth $50,273,000 after acquiring an additional 1,802,072 shares during the period. Norges Bank acquired a new position in shares of Cannae in the fourth quarter worth approximately $15,439,000. Millennium Management LLC lifted its stake in shares of Cannae by 3,308.5% in the fourth quarter. Millennium Management LLC now owns 345,216 shares of the company’s stock worth $5,910,000 after acquiring an additional 335,088 shares during the period. Confluence Investment Management LLC lifted its stake in shares of Cannae by 100.5% in the second quarter. Confluence Investment Management LLC now owns 616,167 shares of the company’s stock worth $17,857,000 after acquiring an additional 308,840 shares during the period. Finally, Deutsche Bank AG lifted its stake in shares of Cannae by 185.1% in the fourth quarter. Deutsche Bank AG now owns 419,649 shares of the company’s stock worth $7,182,000 after acquiring an additional 272,468 shares during the period. 82.02% of the stock is owned by institutional investors.

About Cannae

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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