Raymond James & Associates Decreases Stake in Cannae Holdings, Inc. (NYSE:CNNE)

Raymond James & Associates cut its holdings in Cannae Holdings, Inc. (NYSE:CNNE – Get Rating) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,613 shares of the company’s stock after selling 30,533 shares during the quarter. Raymond James & Associates’ holdings in Cannae were worth $6,786,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of CNNE. Quadrant Capital Group LLC boosted its stake in shares of Cannae by 145.9% in the third quarter. Quadrant Capital Group LLC now owns 1,217 shares of the company’s stock valued at $25,000 after buying an additional 722 shares in the last quarter. Group One Trading L.P. boosted its stake in shares of Cannae by 127.3% in the third quarter. Group One Trading L.P. now owns 1,481 shares of the company’s stock valued at $31,000 after buying an additional 6,900 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Cannae by 35.7% in the third quarter. Signaturefd LLC now owns 1,786 shares of the company’s stock valued at $37,000 after buying an additional 470 shares in the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Cannae in the fourth quarter valued at approximately $48,000. Finally, Point72 Hong Kong Ltd boosted its stake in shares of Cannae by 66.4% in the first quarter. Point72 Hong Kong Ltd now owns 2,632 shares of the company’s stock valued at $63,000 after buying an additional 1,050 shares in the last quarter. 86.29% of the stock is currently owned by hedge funds and other institutional investors.

Cannae Stock Up 0.5 %

CNNE opened at $19.55 on Friday. The business’s fifty day moving average is $18.89 and its two-hundred day moving average is $21.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.53 and a current ratio of 2.53. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -9.05 and a beta of 0.87. Cannae Holdings, Inc. has a one year low of $17.11 and a one year high of $25.74.

Cannae (NYSE:CNNE – Get Rating) last posted its earnings results on Wednesday, February 22nd. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.65. The company had revenue of $155.70 million for the quarter, compared to the consensus estimate of $170.00 million. Cannae had a negative return on equity of 0.14% and a negative net margin of 28.44%. Analysts anticipate that Cannae Holdings, Inc. will post -0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Richard N. Massey bought 50,000 shares of the firm’s stock in a transaction on Friday, May 12th. The shares were bought at an average cost of $18.01 per share, for a total transaction of $900,500.00. Following the completion of the transaction, the chief executive officer now owns 377,417 shares in the company, valued at $6,797,280.17. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 6.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada decreased their price target on Cannae from $32.00 to $28.00 in a research note on Thursday, May 11th.

Cannae Profile

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Cannae Holdings, Inc engages in the management and operation of a group of companies and investments. It operates through the following segments: Dun & Bradstreet, Optimal Blue, Restaurant Group, and Corporate and Other. The Dun & Bradstreet segment offers business decision data and analytics. The Optimal Blue segment is involved in secondary market solutions and actionable data services.