Park Avenue Securities LLC Has $245,000 Stock Holdings in Cannae Holdings, Inc. (NYSE:CNNE)

Park Avenue Securities LLC lifted its stake in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 19.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,312 shares of the company’s stock after purchasing an additional 2,014 shares during the quarter. Park Avenue Securities LLC’s holdings in Cannae were worth $245,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CNNE. River Road Asset Management LLC grew its position in Cannae by 0.9% during the 3rd quarter. River Road Asset Management LLC now owns 5,665,103 shares of the company’s stock worth $107,977,000 after acquiring an additional 50,150 shares during the last quarter. FMR LLC boosted its stake in shares of Cannae by 17.6% during the third 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 in the last quarter. State Street Corp grew its holdings in shares of Cannae by 1.6% during the third 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 during the last quarter. Driehaus Capital Management LLC acquired a new position in shares of Cannae in the second quarter valued at approximately $18,611,000. Finally, JPMorgan Chase & Co. raised its holdings in Cannae by 10.9% in the 3rd 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. Institutional investors own 88.12% of the company’s stock.

Cannae Trading Up 0.2 %

NYSE CNNE opened at $19.22 on Friday. The firm has a market capitalization of $1.21 billion, a PE ratio of -4.00 and a beta of 0.86. The business’s 50-day moving average price is $20.13 and its two-hundred day moving average price is $19.66. 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.

Cannae (NYSE:CNNE) last announced its earnings results on Tuesday, November 12th. The company reported ($0.22) EPS for the quarter, meeting the consensus estimate of ($0.22). Cannae had a negative return on equity of 8.26% and a negative net margin of 68.61%. The business had revenue of $113.90 million for the quarter, compared to analysts’ expectations of $105.67 million. During the same period in the prior year, the business posted ($2.18) earnings per share. The firm’s revenue was down 20.7% on a year-over-year basis. On average, analysts expect that Cannae Holdings, Inc. will post -3.14 EPS for the current year.

Cannae Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.48 dividend on an annualized basis and a yield of 2.50%. Cannae’s payout ratio is currently -9.98%.

Analyst Ratings Changes

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

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.