Blue Trust Inc. Has $94,000 Stock Holdings in Cannae Holdings, Inc. (NYSE:CNNE)

Blue Trust Inc. increased its stake in Cannae Holdings, Inc. (NYSE:CNNE) by 457.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,949 shares of the company’s stock after acquiring an additional 4,062 shares during the quarter. Blue Trust Inc.’s holdings in Cannae were worth $94,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC lifted its position in shares of Cannae by 17.6% in the 3rd quarter. FMR LLC now owns 2,653,854 shares of the company’s stock worth $50,582,000 after purchasing an additional 397,352 shares during the period. Barclays PLC boosted its position in Cannae by 221.9% during the third 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. River Road Asset Management LLC grew its holdings 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 period. JPMorgan Chase & Co. raised its position in shares of Cannae by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 454,688 shares of the company’s stock worth $8,666,000 after acquiring an additional 44,691 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Cannae in the 3rd quarter valued at about $906,000. 88.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Cannae Stock Down 2.7 %

Shares of NYSE CNNE opened at $19.37 on Friday. Cannae Holdings, Inc. has a 12-month low of $16.94 and a 12-month high of $22.99. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.22 billion, a PE ratio of -4.03 and a beta of 0.86. The company’s fifty day simple moving average is $19.86 and its 200 day simple moving average is $19.69.

Cannae (NYSE:CNNE) last issued 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 company had revenue of $113.90 million during the quarter, compared to the consensus estimate of $105.67 million. During the same period last year, the business posted ($2.18) EPS. The firm’s revenue for the quarter was down 20.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Cannae Holdings, Inc. will post -3.14 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.