DAVENPORT & Co LLC Buys 62,486 Shares of Cannae Holdings, Inc. (NYSE:CNNE)

DAVENPORT & Co LLC raised its stake in shares of Cannae Holdings, Inc. (NYSE:CNNEFree Report) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,758,233 shares of the company’s stock after purchasing 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 filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Assenagon Asset Management S.A. boosted its holdings in shares of Cannae by 2.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 201,022 shares of the company’s stock valued at $3,922,000 after purchasing an additional 4,072 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Cannae by 27.9% in the 3rd quarter. American Century Companies Inc. now owns 60,094 shares of the company’s stock valued at $1,120,000 after acquiring an additional 13,106 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Cannae by 10.8% in the 3rd quarter. Deutsche Bank AG now owns 41,320 shares of the company’s stock valued at $770,000 after acquiring an additional 4,033 shares during the last quarter. Comerica Bank lifted its holdings in shares of Cannae by 38,345.3% in the 3rd quarter. Comerica Bank now owns 276,806 shares of the company’s stock valued at $5,160,000 after acquiring an additional 276,086 shares during the last quarter. Finally, Tudor Investment Corp Et Al bought a new position in shares of Cannae in the 3rd quarter valued at about $823,000. 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). The business had revenue of $119.30 million during the quarter, compared to the consensus estimate of $133.50 million. Cannae had a negative net margin of 53.86% and a negative return on equity of 12.31%. 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 target 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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