DAVENPORT & Co LLC Raises Stock Position in Cannae Holdings, Inc. (NYSE:CNNE)

DAVENPORT & Co LLC boosted its holdings in Cannae Holdings, Inc. (NYSE:CNNEFree Report) by 1.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,758,233 shares of the company’s stock after buying an additional 62,486 shares during the period. DAVENPORT & Co LLC owned 6.73% of Cannae worth $92,833,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in shares of Cannae by 8.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 31,874 shares of the company’s stock valued at $761,000 after purchasing an additional 2,356 shares during the last quarter. AlphaCrest Capital Management LLC bought a new position in shares of Cannae during the 1st quarter valued at about $231,000. MetLife Investment Management LLC boosted its holdings in shares of Cannae by 58.8% during the 1st quarter. MetLife Investment Management LLC now owns 45,297 shares of the company’s stock valued at $1,084,000 after purchasing an additional 16,764 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Cannae by 1.3% during the 1st quarter. BlackRock Inc. now owns 6,810,406 shares of the company’s stock valued at $162,903,000 after purchasing an additional 84,346 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Cannae by 5.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,826,358 shares of the company’s stock valued at $43,689,000 after purchasing an additional 101,368 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Cannae Trading Down 0.4 %

Shares of NYSE:CNNE traded down $0.08 during trading on Tuesday, reaching $22.43. The company’s stock had a trading volume of 1,685,206 shares, compared to its average volume of 748,397. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.04. Cannae Holdings, Inc. has a 12 month low of $15.93 and a 12 month high of $22.99. The firm’s 50 day simple moving average is $21.47 and its two-hundred day simple moving average is $19.66. The stock has a market capitalization of $1.63 billion, a PE ratio of -5.32 and a beta of 0.89.

Cannae (NYSE:CNNEGet Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported ($0.83) EPS for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.17). Cannae had a negative net margin of 53.86% and a negative return on equity of 12.31%. The business had revenue of $119.30 million during the quarter, compared to the consensus estimate of $133.50 million. On average, research analysts predict that Cannae Holdings, Inc. will post -0.93 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Oppenheimer increased their price objective on shares of Cannae from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th.

Get Our Latest Stock Report on CNNE

About Cannae

(Free Report)

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 was founded in 2014 and is based in Las Vegas, Nevada.

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Institutional Ownership by Quarter for Cannae (NYSE:CNNE)

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