Raymond James & Associates Has $5.92 Million Position in Cannae Holdings, Inc. (NYSE:CNNE)

Raymond James & Associates lessened its holdings in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 2.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 310,412 shares of the company’s stock after selling 7,707 shares during the period. Raymond James & Associates owned 0.49% of Cannae worth $5,916,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Driehaus Capital Management LLC bought a new position in Cannae during the second quarter worth about $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 worth $22,866,000 after purchasing an additional 432,260 shares in the last quarter. Jane Street Group LLC raised its holdings in Cannae by 429.2% during the 1st quarter. Jane Street Group LLC now owns 378,182 shares of the company’s stock worth $8,411,000 after buying an additional 306,716 shares during the period. Poehling Capital Management INC. raised its holdings in Cannae by 59.4% during the 1st quarter. Poehling Capital Management INC. now owns 709,019 shares of the company’s stock worth $15,769,000 after buying an additional 264,213 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its holdings 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 valued at $13,133,000 after buying an additional 225,161 shares during the period. Institutional investors own 88.12% of the company’s stock.

Cannae Trading Up 3.2 %

NYSE CNNE opened at $19.85 on Friday. Cannae Holdings, Inc. has a 52 week low of $16.02 and a 52 week high of $22.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.01. The stock’s 50 day moving average price is $19.14 and its two-hundred day moving average price is $19.11. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -3.65 and a beta of 0.88.

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

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.