BI Asset Management Fondsmaeglerselskab A S Takes Position in Cannae Holdings, Inc. $CNNE

BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Cannae Holdings, Inc. (NYSE:CNNE) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 46,718 shares of the company’s stock, valued at approximately $855,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in shares of Cannae in the 2nd quarter valued at approximately $62,000. CWM LLC lifted its stake in shares of Cannae by 40.4% in the second quarter. CWM LLC now owns 3,253 shares of the company’s stock worth $68,000 after buying an additional 936 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Cannae by 66.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 4,168 shares of the company’s stock worth $87,000 after buying an additional 1,669 shares during the period. AlphaQuest LLC grew its stake in Cannae by 62.0% in the 3rd quarter. AlphaQuest LLC now owns 5,781 shares of the company’s stock valued at $106,000 after buying an additional 2,212 shares during the last quarter. Finally, Entropy Technologies LP bought a new position in Cannae in the 2nd quarter worth $212,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CNNE. Weiss Ratings restated a “sell (d-)” rating on shares of Cannae in a report on Friday, January 9th. Royal Bank Of Canada lowered their target price on Cannae from $22.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. Finally, Zacks Research upgraded Cannae from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Cannae currently has an average rating of “Hold” and a consensus price target of $20.50.

Cannae Stock Up 0.6%

NYSE CNNE opened at $14.26 on Monday. Cannae Holdings, Inc. has a twelve month low of $13.83 and a twelve month high of $21.96. The stock has a market cap of $702.80 million, a PE ratio of -1.84 and a beta of 1.09. The firm has a 50-day simple moving average of $15.77 and a 200 day simple moving average of $17.45. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.03 and a current ratio of 2.03.

Cannae (NYSE:CNNE) last posted its quarterly earnings results on Monday, November 10th. The company reported ($1.25) EPS for the quarter, missing the consensus estimate of ($0.31) by ($0.94). Cannae had a negative net margin of 108.39% and a negative return on equity of 23.16%. The firm had revenue of $106.90 million during the quarter, compared to analyst estimates of $104.80 million. During the same period last year, the company earned ($0.22) EPS. The company’s revenue was down 6.1% on a year-over-year basis. On average, research analysts forecast that Cannae Holdings, Inc. will post -3.14 EPS for the current year.

Cannae Company Profile

Cannae Holdings, Inc (NYSE: CNNE) is a publicly traded diversified holding company that focuses on partnering with and investing in businesses across a range of industry sectors. The company seeks to identify attractive opportunities in both private and public markets, leveraging its capital resources and management expertise to support operational growth and value creation. Cannae’s investment strategy emphasizes companies in data and analytics, marketing services, healthcare technology, and payment processing.

Through its portfolio, Cannae holds controlling or significant minority stakes in companies that provide critical software, data and services to corporate clients.