Rhumbline Advisers boosted its holdings in shares of Cannae Holdings Inc (NYSE:CNNE) by 6.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 69,858 shares of the company’s stock after purchasing an additional 4,491 shares during the period. Rhumbline Advisers owned about 0.10% of Cannae worth $1,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in shares of Cannae in the first quarter worth about $201,000. Cornerstone Wealth Management LLC acquired a new position in shares of Cannae in the second quarter worth about $626,000. Hikari Power Ltd acquired a new position in shares of Cannae in the second quarter worth about $249,000. Cambria Investment Management L.P. acquired a new position in shares of Cannae in the second quarter worth about $253,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Cannae in the first quarter worth about $292,000. Institutional investors own 80.01% of the company’s stock.
In related news, Director Richard N. Massey bought 39,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was acquired at an average price of $18.70 per share, with a total value of $729,300.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.90% of the stock is owned by insiders.
A number of research firms have recently commented on CNNE. Zacks Investment Research raised shares of Cannae from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Thursday, May 31st. ValuEngine cut shares of Cannae from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 16th. Finally, TheStreet raised shares of Cannae from a “d+” rating to a “c-” rating in a research note on Thursday, September 6th.
CNNE stock opened at $20.88 on Monday. The stock has a market cap of $1.43 billion, a PE ratio of 13.56 and a beta of 0.59. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.69 and a quick ratio of 1.33. Cannae Holdings Inc has a 52 week low of $16.16 and a 52 week high of $21.34.
Cannae (NYSE:CNNE) last released its earnings results on Monday, August 13th. The company reported ($0.26) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.18). The company had revenue of $303.90 million for the quarter, compared to analysts’ expectations of $308.00 million. Cannae had a negative return on equity of 1.37% and a negative net margin of 2.53%. Cannae’s quarterly revenue was up 10.0% compared to the same quarter last year. equities analysts anticipate that Cannae Holdings Inc will post -0.31 EPS for the current fiscal year.
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.
Read More: Short Selling Stocks and Day Traders
Receive News & Ratings for Cannae Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cannae and related companies with MarketBeat.com's FREE daily email newsletter.