Nisa Investment Advisors LLC Invests $26,000 in Cannae Holdings, Inc. (NYSE:CNNE)

Nisa Investment Advisors LLC bought a new position in shares of Cannae Holdings, Inc. (NYSE:CNNEGet Rating) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,100 shares of the company’s stock, valued at approximately $26,000.

A number of other institutional investors also recently bought and sold shares of the company. Allworth Financial LP grew its holdings in shares of Cannae by 77.8% in the first quarter. Allworth Financial LP now owns 1,849 shares of the company’s stock valued at $44,000 after purchasing an additional 809 shares in the last quarter. ETF Managers Group LLC grew its holdings in Cannae by 5.0% during the 4th quarter. ETF Managers Group LLC now owns 17,244 shares of the company’s stock worth $612,000 after acquiring an additional 819 shares in the last quarter. WINTON GROUP Ltd grew its holdings in Cannae by 2.4% during the 4th quarter. WINTON GROUP Ltd now owns 36,761 shares of the company’s stock worth $1,292,000 after acquiring an additional 850 shares in the last quarter. Life Planning Partners Inc acquired a new position in Cannae during the 4th quarter worth approximately $37,000. Finally, First Bank & Trust lifted its position in shares of Cannae by 12.9% during the 4th quarter. First Bank & Trust now owns 9,157 shares of the company’s stock worth $322,000 after buying an additional 1,043 shares during the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Oppenheimer reduced their price objective on shares of Cannae from $41.00 to $36.00 in a research report on Tuesday, May 10th.

Cannae Trading Up 3.1 %

Shares of NYSE:CNNE opened at $21.11 on Monday. The company has a market capitalization of $1.79 billion, a PE ratio of -5.96 and a beta of 0.80. Cannae Holdings, Inc. has a twelve month low of $17.11 and a twelve month high of $36.50. The firm has a 50 day simple moving average of $19.94 and a 200-day simple moving average of $23.32.

Cannae (NYSE:CNNEGet Rating) last released its quarterly earnings results on Monday, May 9th. The company reported ($2.88) EPS for the quarter, missing the consensus estimate of ($0.20) by ($2.68). Cannae had a negative net margin of 40.87% and a negative return on equity of 8.92%. The business had revenue of $167.40 million during the quarter, compared to analysts’ expectations of $193.00 million. During the same quarter last year, the company earned ($2.55) EPS. As a group, equities research analysts predict that Cannae Holdings, Inc. will post -2.48 EPS for the current fiscal year.

Insider Activity at Cannae

In related news, major shareholder Cannae Holdings, Inc. sold 22,079 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $11.01, for a total value of $243,089.79. Following the completion of the sale, the insider now owns 25,666,724 shares in the company, valued at approximately $282,590,631.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 7,959,929 shares of company stock worth $109,675,055 in the last 90 days. 5.60% of the stock is owned by insiders.

Cannae Profile

(Get Rating)

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 is based in Las Vegas, Nevada.

Further Reading

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Institutional Ownership by Quarter for Cannae (NYSE:CNNE)

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