Cannae Holdings, Inc. (NYSE:CNNE) Stock Holdings Raised by Crescent Grove Advisors LLC

Crescent Grove Advisors LLC increased its position in Cannae Holdings, Inc. (NYSE:CNNE) by 1.2% in the fourth quarter, Holdings Channel reports. The firm owned 324,220 shares of the company’s stock after purchasing an additional 3,957 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Cannae were worth $6,439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Driehaus Capital Management LLC bought a new position in Cannae during the 2nd quarter worth $18,611,000. FMR LLC grew its holdings in Cannae by 17.6% in the 3rd quarter. FMR LLC now owns 2,653,854 shares of the company’s stock worth $50,582,000 after buying an additional 397,352 shares in the last quarter. Barclays PLC increased its holdings in shares of Cannae by 221.9% during the third quarter. Barclays PLC now owns 95,378 shares of the company’s stock valued at $1,818,000 after purchasing an additional 65,749 shares during the period. River Road Asset Management LLC raised its position in shares of Cannae by 0.9% during the 3rd quarter. River Road Asset Management LLC now owns 5,665,103 shares of the company’s stock worth $107,977,000 after buying an additional 50,150 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Cannae by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 454,688 shares of the company’s stock worth $8,666,000 after acquiring an additional 44,691 shares during the period. 88.12% of the stock is owned by institutional investors.

Cannae Stock Performance

CNNE opened at $19.22 on Friday. The stock’s fifty day moving average is $20.13 and its 200-day moving average is $19.66. Cannae Holdings, Inc. has a one year low of $16.94 and a one year high of $22.99. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.55 and a quick ratio of 2.55.

Cannae (NYSE:CNNE) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.22) EPS for the quarter, hitting the consensus estimate of ($0.22). Cannae had a negative net margin of 68.61% and a negative return on equity of 8.26%. The firm had revenue of $113.90 million for the quarter, compared to analysts’ expectations of $105.67 million. During the same period in the previous year, the business earned ($2.18) earnings per share. Cannae’s revenue for the quarter was down 20.7% compared to the same quarter last year. On average, equities research analysts forecast that Cannae Holdings, Inc. will post -3.14 EPS for the current year.

Cannae Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $0.48 annualized dividend and a dividend yield of 2.50%. Cannae’s dividend payout ratio is currently -9.98%.

Analyst Ratings Changes

Separately, Royal Bank of Canada raised their price objective on shares of Cannae from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th.

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 was founded in 2014 and is based in Las Vegas, Nevada.