Cannae Holdings, Inc. $CNNE Stock Holdings Decreased by Newtyn Management LLC

Newtyn Management LLC lowered its position in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 3.0% during the second quarter, Holdings Channel reports. The fund owned 3,169,631 shares of the company’s stock after selling 97,324 shares during the quarter. Cannae makes up 5.8% of Newtyn Management LLC’s holdings, making the stock its 4th largest holding. Newtyn Management LLC owned about 0.07% of Cannae worth $45,643,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Cannae by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,465 shares of the company’s stock worth $613,000 after purchasing an additional 1,405 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Cannae by 4.1% in the first quarter. Goldman Sachs Group Inc. now owns 299,843 shares of the company’s stock valued at $5,496,000 after purchasing an additional 11,788 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Cannae by 95.4% in the first quarter. Jane Street Group LLC now owns 54,393 shares of the company’s stock worth $997,000 after buying an additional 26,550 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Cannae in the second quarter worth $62,000. Finally, Jump Financial LLC grew its holdings in shares of Cannae by 353.3% during the second quarter. Jump Financial LLC now owns 64,606 shares of the company’s stock valued at $1,347,000 after buying an additional 50,353 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Wall Street Analyst Weigh In

CNNE has been the topic of several recent analyst reports. Weiss Ratings raised Cannae from a “sell (d-)” rating to a “sell (d)” rating in a research report on Wednesday. Royal Bank Of Canada restated an “outperform” rating and set a $16.00 price objective on shares of Cannae in a research report on Tuesday, August 11th. Finally, Wall Street Zen raised Cannae from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.50.

Cannae Stock Performance

Shares of NYSE CNNE opened at $15.64 on Monday. The business has a 50 day simple moving average of $14.79 and a 200 day simple moving average of $13.59. Cannae Holdings, Inc. has a 52 week low of $10.46 and a 52 week high of $19.88. The stock has a market cap of $678.31 million, a price-to-earnings ratio of -5.18 and a beta of 1.20. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.24 and a current ratio of 1.24.

Cannae (NYSE:CNNE) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of ($0.42) by $1.28. The firm had revenue of $102.20 million for the quarter, compared to analyst estimates of $99.65 million. Cannae had a negative net margin of 38.18% and a negative return on equity of 14.10%.

Cannae Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.8%. Cannae’s dividend payout ratio (DPR) is currently -19.87%.

Cannae 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.