SG Americas Securities LLC Raises Stake in Cannae Holdings, Inc. (NYSE:CNNE)

SG Americas Securities LLC grew its position in Cannae Holdings, Inc. (NYSE:CNNE) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,102 shares of the company’s stock after purchasing an additional 1,817 shares during the quarter. SG Americas Securities LLC’s holdings in Cannae were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of Cannae by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 454,688 shares of the company’s stock valued at $8,666,000 after buying an additional 44,691 shares during the last quarter. Barclays PLC increased its holdings in Cannae by 221.9% in the 3rd quarter. Barclays PLC now owns 95,378 shares of the company’s stock valued at $1,818,000 after acquiring an additional 65,749 shares during the last quarter. State Street Corp lifted its stake in Cannae by 1.6% in the 3rd quarter. State Street Corp now owns 1,605,351 shares of the company’s stock worth $30,598,000 after purchasing an additional 25,403 shares in the last quarter. Truist Financial Corp boosted its holdings in shares of Cannae by 84.7% during the 2nd quarter. Truist Financial Corp now owns 43,158 shares of the company’s stock valued at $783,000 after purchasing an additional 19,787 shares during the last quarter. Finally, Creative Planning grew its position in shares of Cannae by 53.5% during the third quarter. Creative Planning now owns 34,204 shares of the company’s stock valued at $652,000 after purchasing an additional 11,925 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Cannae Trading Down 0.2 %

CNNE stock opened at $19.75 on Monday. The firm has a fifty day moving average price of $20.02 and a 200 day moving average price of $19.68. Cannae Holdings, Inc. has a fifty-two week low of $16.94 and a fifty-two week high of $22.99. The firm has a market cap of $1.24 billion, a PE ratio of -4.11 and a beta of 0.86. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.55 and a current ratio of 2.55.

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

Cannae Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were given a dividend of $0.12 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.48 dividend on an annualized basis and a yield of 2.43%. Cannae’s dividend payout ratio (DPR) is presently -9.98%.

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.