Cannae Holdings, Inc. (NYSE:CNNE - Get Free Report) CEO Richard N. Massey sold 30,000 shares of the firm's stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $19.63, for a total transaction of $588,900.00. Following the completion of the sale, the chief executive officer now owns 274,367 shares of the company's stock, valued at approximately $5,385,824.21. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Cannae Trading Down 1.2 %
Shares of NYSE CNNE opened at $19.43 on Thursday. Cannae Holdings, Inc. has a 1-year low of $15.93 and a 1-year high of $22.99. The company has a market cap of $1.41 billion, a PE ratio of -4.60 and a beta of 0.89. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of $21.44 and a two-hundred day moving average of $19.76.
Cannae (NYSE:CNNE - Get Free Report) last announced its earnings results on Wednesday, February 21st. The company reported ($0.83) earnings per share for the quarter, missing analysts' consensus estimates of ($0.66) by ($0.17). Cannae had a negative return on equity of 12.31% and a negative net margin of 53.86%. The company had revenue of $119.30 million during the quarter, compared to the consensus estimate of $133.50 million. As a group, equities analysts expect that Cannae Holdings, Inc. will post -0.93 earnings per share for the current fiscal year.
Analyst Ratings Changes
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Separately, Oppenheimer boosted their target price on shares of Cannae from $25.00 to $27.00 and gave the stock an "outperform" rating in a research note on Wednesday, March 6th.
Check Out Our Latest Stock Report on CNNE
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Cannae by 0.7% during the first quarter. Vanguard Group Inc. now owns 7,196,459 shares of the company's stock valued at $172,140,000 after purchasing an additional 51,983 shares during the period. BlackRock Inc. grew its holdings in Cannae by 1.3% during the first quarter. BlackRock Inc. now owns 6,810,406 shares of the company's stock valued at $162,903,000 after purchasing an additional 84,346 shares during the period. DAVENPORT & Co LLC grew its holdings in Cannae by 1.3% during the fourth quarter. DAVENPORT & Co LLC now owns 4,758,233 shares of the company's stock valued at $92,833,000 after purchasing an additional 62,486 shares during the period. Newtyn Management LLC grew its holdings in Cannae by 19.6% during the fourth quarter. Newtyn Management LLC now owns 3,430,163 shares of the company's stock valued at $66,922,000 after purchasing an additional 561,752 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Cannae by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,259,261 shares of the company's stock valued at $45,589,000 after purchasing an additional 19,392 shares during the period. Institutional investors and hedge funds own 88.12% of the company's stock.
About Cannae
(
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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.
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