Pacific Capital Partners Ltd Has $197,000 Holdings in Cannae Holdings, Inc. $CNNE

Pacific Capital Partners Ltd lessened its holdings in Cannae Holdings, Inc. (NYSE:CNNE) by 83.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,500 shares of the company’s stock after selling 65,000 shares during the quarter. Pacific Capital Partners Ltd’s holdings in Cannae were worth $197,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. River Road Asset Management LLC grew its position in Cannae by 0.9% in the second quarter. River Road Asset Management LLC now owns 4,719,243 shares of the company’s stock valued at $100,897,000 after purchasing an additional 40,367 shares in the last quarter. Carronade Capital Management LP lifted its position in Cannae by 5.7% during the 2nd quarter. Carronade Capital Management LP now owns 3,189,027 shares of the company’s stock worth $66,491,000 after buying an additional 173,380 shares in the last quarter. Rubric Capital Management LP lifted its position in Cannae by 41.3% during the 2nd quarter. Rubric Capital Management LP now owns 2,105,864 shares of the company’s stock worth $43,907,000 after buying an additional 615,616 shares in the last quarter. Private Management Group Inc. boosted its stake in shares of Cannae by 5.9% during the 3rd quarter. Private Management Group Inc. now owns 1,679,660 shares of the company’s stock worth $30,755,000 after buying an additional 94,002 shares during the last quarter. Finally, Poehling Capital Management INC. boosted its stake in shares of Cannae by 1.5% during the 3rd quarter. Poehling Capital Management INC. now owns 835,279 shares of the company’s stock worth $15,294,000 after buying an additional 12,640 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CNNE. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cannae in a research report on Friday, January 9th. Royal Bank Of Canada decreased their price target on Cannae from $19.00 to $16.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Cannae presently has an average rating of “Hold” and a consensus target price of $16.00.

Cannae Trading Up 3.1%

Shares of NYSE:CNNE opened at $11.08 on Tuesday. Cannae Holdings, Inc. has a 52-week low of $10.46 and a 52-week high of $21.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market capitalization of $513.10 million, a P/E ratio of -1.24 and a beta of 1.12. The company has a 50-day simple moving average of $12.89 and a 200 day simple moving average of $15.62.

Cannae (NYSE:CNNE) last announced its quarterly earnings results on Monday, February 23rd. The company reported ($1.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.38) by ($1.55). The business had revenue of $103.30 million for the quarter, compared to analyst estimates of $102.70 million. Cannae had a negative return on equity of 31.78% and a negative net margin of 121.15%.Cannae’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.74) EPS. Sell-side analysts forecast that Cannae Holdings, Inc. will post -3.14 earnings per share for the current year.

Cannae Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Tuesday, March 17th. Cannae’s payout ratio is currently -6.73%.

About Cannae

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.