Lombard Odier Asset Management USA Corp Has $414,000 Position in Cannae Holdings, Inc. (NYSE:CNNE)

Lombard Odier Asset Management USA Corp lessened its stake in Cannae Holdings, Inc. (NYSE:CNNE) by 8.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,849 shares of the company’s stock after selling 2,000 shares during the period. Lombard Odier Asset Management USA Corp’s holdings in Cannae were worth $414,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. boosted its holdings in Cannae by 3.7% in the first quarter. Oppenheimer Asset Management Inc. now owns 14,071 shares of the company’s stock valued at $313,000 after acquiring an additional 498 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Cannae by 4.6% in the 1st quarter. ProShare Advisors LLC now owns 11,894 shares of the company’s stock valued at $265,000 after purchasing an additional 523 shares during the last quarter. EntryPoint Capital LLC increased its position in shares of Cannae by 48.9% during the first quarter. EntryPoint Capital LLC now owns 1,629 shares of the company’s stock worth $36,000 after buying an additional 535 shares during the period. Sei Investments Co. raised its stake in Cannae by 1.7% during the first quarter. Sei Investments Co. now owns 44,237 shares of the company’s stock worth $984,000 after buying an additional 756 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its holdings in Cannae by 8.5% in the first quarter. Park Avenue Securities LLC now owns 10,916 shares of the company’s stock valued at $243,000 after buying an additional 853 shares during the period. Institutional investors and hedge funds own 88.12% of the company’s stock.

Cannae Stock Performance

Shares of CNNE opened at $19.31 on Monday. The firm’s fifty day simple moving average is $19.43 and its two-hundred day simple moving average is $19.65. Cannae Holdings, Inc. has a 12 month low of $15.93 and a 12 month high of $22.99. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.21 billion, a P/E ratio of -3.55 and a beta of 0.88.

Cannae (NYSE:CNNE) last announced its earnings results on Thursday, August 8th. The company reported ($2.49) EPS for the quarter, missing the consensus estimate of ($0.17) by ($2.32). The business had revenue of $118.00 million for the quarter, compared to the consensus estimate of $112.00 million. Cannae had a negative net margin of 93.69% and a negative return on equity of 14.30%. The firm’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.16) EPS. As a group, analysts predict that Cannae Holdings, Inc. will post -3.03 EPS for the current year.

Cannae Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.12 dividend. The ex-dividend date is Monday, September 16th. This represents a $0.48 annualized dividend and a dividend yield of 2.49%. Cannae’s dividend payout ratio is currently -8.82%.

Cannae Profile

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.