Barclays PLC Acquires 65,749 Shares of Cannae Holdings, Inc. (NYSE:CNNE)

Barclays PLC boosted its position in Cannae Holdings, Inc. (NYSE:CNNE) by 221.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 95,378 shares of the company’s stock after acquiring an additional 65,749 shares during the period. Barclays PLC owned 0.15% of Cannae worth $1,818,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNNE. Driehaus Capital Management LLC bought a new position in shares of Cannae during the second quarter valued at approximately $18,611,000. AREX Capital Management LP increased its stake in Cannae by 52.2% during the 2nd quarter. AREX Capital Management LP now owns 1,260,539 shares of the company’s stock valued at $22,866,000 after purchasing an additional 432,260 shares in the last quarter. FMR LLC boosted its stake in Cannae by 17.6% during the 3rd quarter. FMR LLC now owns 2,653,854 shares of the company’s stock valued at $50,582,000 after purchasing an additional 397,352 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its stake in shares of Cannae by 45.1% in the second quarter. Thompson Siegel & Walmsley LLC now owns 723,992 shares of the company’s stock worth $13,133,000 after purchasing an additional 225,161 shares during the last quarter. Finally, Rubric Capital Management LP lifted its holdings in shares of Cannae by 17.8% during the second quarter. Rubric Capital Management LP now owns 1,430,248 shares of the company’s stock valued at $25,945,000 after purchasing an additional 216,031 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

Cannae Stock Down 0.6 %

Shares of NYSE:CNNE opened at $19.90 on Friday. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.10. Cannae Holdings, Inc. has a 12 month low of $16.94 and a 12 month high of $22.99. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -4.14 and a beta of 0.85. The company has a 50-day moving average price of $20.42 and a 200 day moving average price of $19.44.

Cannae (NYSE:CNNE) last issued its earnings results on Tuesday, November 12th. The company reported ($0.22) EPS for the quarter, hitting analysts’ consensus estimates of ($0.22). Cannae had a negative net margin of 68.61% and a negative return on equity of 8.26%. The business had revenue of $113.90 million for the quarter, compared to analyst estimates of $105.67 million. During the same period last year, the company posted ($2.18) earnings per share. The company’s quarterly revenue was down 20.7% compared to the same quarter last year. As a group, equities research analysts predict that Cannae Holdings, Inc. will post -3.14 earnings per share for the current year.

Cannae Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.48 annualized dividend and a yield of 2.41%. Cannae’s dividend payout ratio (DPR) is presently -9.98%.

Wall Street Analysts Forecast Growth

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

About Cannae

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.