According to Zacks, “Cannae Holdings, Inc. holds majority and minority equity investment stakes in a number of entities, including Ceridian Holdings, LLC, American Blue Ribbon Holdings, LLC and T-System Holding LLC. Cannae Holdings, Inc., formerly known as Fidelity National Financial Inc., is based in FL, United States. “
Separately, TheStreet lowered Weibo from a b- rating to a c+ rating in a research report on Friday, May 31st.
Cannae stock opened at $29.03 on Tuesday. The firm has a 50-day simple moving average of $27.94. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.18 and a quick ratio of 1.02. Cannae has a 12-month low of $15.87 and a 12-month high of $30.38. The company has a market capitalization of $2.08 billion, a PE ratio of 42.07 and a beta of 0.83.
Cannae (NYSE:CNNE) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by ($0.13). The firm had revenue of $274.50 million during the quarter, compared to analyst estimates of $296.85 million. Cannae had a return on equity of 4.65% and a net margin of 2.89%. Cannae’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.02) earnings per share. Equities analysts predict that Cannae will post 0.18 EPS for the current fiscal year.
In other news, Director Richard N. Massey acquired 20,000 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average cost of $25.15 per share, for a total transaction of $503,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.20% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the company. Laurel Wealth Advisors Inc. grew its position in shares of Cannae by 20.9% during the 1st quarter. Laurel Wealth Advisors Inc. now owns 23,339 shares of the company’s stock worth $566,000 after buying an additional 4,031 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Cannae by 25.9% during the 1st quarter. California Public Employees Retirement System now owns 192,167 shares of the company’s stock valued at $4,662,000 after purchasing an additional 39,589 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Cannae by 7.8% during the 4th quarter. Great West Life Assurance Co. Can now owns 26,431 shares of the company’s stock valued at $436,000 after purchasing an additional 1,923 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Cannae by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,777,406 shares of the company’s stock valued at $47,548,000 after purchasing an additional 155,878 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust bought a new position in shares of Cannae during the 1st quarter valued at about $4,278,000. Institutional investors own 81.30% of the company’s stock.
Cannae Company 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 is based in Las Vegas, Nevada.
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