12,807 Shares in Cannae Holdings, Inc. (NYSE:CNNE) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in Cannae Holdings, Inc. (NYSE:CNNE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 12,807 shares of the company’s stock, valued at approximately $244,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC grew its position in Cannae by 1,616.0% in the 2nd quarter. CWM LLC now owns 1,390 shares of the company’s stock valued at $25,000 after purchasing an additional 1,309 shares during the period. Innealta Capital LLC bought a new stake in shares of Cannae during the second quarter worth about $48,000. Oakview Capital Management L.P. acquired a new stake in shares of Cannae in the 3rd quarter worth about $67,000. nVerses Capital LLC bought a new position in Cannae in the 2nd quarter valued at about $71,000. Finally, Highbridge Capital Management LLC acquired a new position in Cannae during the 2nd quarter valued at about $91,000. 88.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised their target price on Cannae from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, November 14th.

Cannae Stock Performance

Shares of CNNE stock opened at $20.78 on Friday. Cannae Holdings, Inc. has a one year low of $16.94 and a one year high of $22.99. The company has a market cap of $1.30 billion, a P/E ratio of -4.32 and a beta of 0.85. The firm has a 50-day moving average of $19.95 and a 200-day moving average of $19.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.55 and a quick ratio of 2.55.

Cannae (NYSE:CNNE) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.22) EPS for the quarter, meeting the consensus estimate of ($0.22). Cannae had a negative net margin of 68.61% and a negative return on equity of 8.26%. The firm had revenue of $113.90 million during the quarter, compared to analyst estimates of $105.67 million. During the same quarter last year, the business posted ($2.18) EPS. The company’s revenue for the quarter was down 20.7% on a year-over-year basis. Equities research analysts forecast that Cannae Holdings, Inc. will post -2.97 EPS for the current fiscal year.

Cannae Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be given a $0.12 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.48 annualized dividend and a yield of 2.31%. Cannae’s dividend payout ratio is currently -9.98%.

Cannae Company 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.