Quantamental Technologies LLC acquired a new position in Cannae Holdings Inc (NYSE:CNNE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,292 shares of the company’s stock, valued at approximately $95,000.
Other hedge funds also recently made changes to their positions in the company. Enterprise Trust & Investment Co bought a new position in shares of Cannae in the 2nd quarter worth approximately $29,000. Parallel Advisors LLC acquired a new stake in Cannae in the first quarter valued at $71,000. Bank of Montreal Can increased its position in shares of Cannae by 1,123.1% in the second quarter. Bank of Montreal Can now owns 6,189 shares of the company’s stock valued at $180,000 after buying an additional 5,683 shares in the last quarter. First Bank & Trust purchased a new position in shares of Cannae in the second quarter valued at $181,000. Finally, Aperio Group LLC acquired a new position in shares of Cannae during the 2nd quarter worth $198,000. 80.55% of the stock is currently owned by institutional investors and hedge funds.
CNNE stock traded up $0.01 during midday trading on Wednesday, reaching $26.65. The company had a trading volume of 9,304 shares, compared to its average volume of 170,500. The stock has a 50 day moving average price of $28.66 and a 200 day moving average price of $26.61. The firm has a market capitalization of $2.00 billion, a PE ratio of 38.65 and a beta of 0.90. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. Cannae Holdings Inc has a fifty-two week low of $15.87 and a fifty-two week high of $32.03.
Cannae (NYSE:CNNE) last released its earnings results on Thursday, August 8th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.21. The firm had revenue of $285.10 million for the quarter, compared to analysts’ expectations of $281.25 million. Cannae had a net margin of 6.21% and a return on equity of 7.73%. Cannae’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.28) EPS. Research analysts predict that Cannae Holdings Inc will post -0.71 EPS for the current year.
Several research firms recently commented on CNNE. Zacks Investment Research upgraded shares of Cannae from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. TheStreet upgraded shares of Cannae from a “c” rating to a “b-” rating in a report on Thursday, August 8th.
In other news, Director Richard N. Massey bought 20,000 shares of the stock in a transaction on Thursday, August 29th. The stock was purchased at an average price of $28.49 per share, with a total value of $569,800.00. Following the completion of the purchase, the director now owns 203,899 shares of the company’s stock, valued at $5,809,082.51. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.20% of the stock is currently owned by company insiders.
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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