Thames Capital Management LLC acquired a new position in shares of Cannae Holdings Inc (NYSE:CNNE) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 79,450 shares of the company’s stock, valued at approximately $1,353,000. Thames Capital Management LLC owned 0.11% of Cannae as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new stake in Cannae in the 4th quarter valued at about $154,000. Virtu Financial LLC bought a new stake in shares of Cannae in the fourth quarter worth $225,000. SG Americas Securities LLC bought a new stake in shares of Cannae in the fourth quarter worth $242,000. Boston Partners bought a new stake in shares of Cannae in the fourth quarter worth $250,000. Finally, Pinebridge Investments L.P. bought a new stake in Cannae during the fourth quarter worth $258,000. 79.27% of the stock is owned by institutional investors.
Shares of Cannae Holdings Inc (CNNE) traded down $0.22 during midday trading on Wednesday, reaching $18.59. 254,139 shares of the company were exchanged, compared to its average volume of 171,912. Cannae Holdings Inc has a 1-year low of $16.16 and a 1-year high of $19.29. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.17. The company has a market cap of $1,323.91, a price-to-earnings ratio of 10.97 and a beta of 0.66.
Several research firms have commented on CNNE. TheStreet upgraded shares of Cannae from a “c-” rating to a “b-” rating in a report on Wednesday, December 13th. ValuEngine upgraded shares of Cannae from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 5th. Finally, Zacks Investment Research raised shares of Cannae from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th.
Cannae Company Profile
Cannae Holdings, Inc is a diversified holding company. The Company has investments in a variety of industries including Restaurants, Technology Enabled Healthcare Services, Financial Services and more. The Company holds majority and minority equity investment stakes in a number of entities, including Ceridian Holdings, LLC, American Blue Ribbon Holdings, and LLC and T-System Holding LLC.
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