Cannae Holdings, Inc. (NYSE:CNNE) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its holdings in Cannae Holdings, Inc. (NYSE:CNNEFree Report) by 8.4% during the 3rd quarter, HoldingsChannel reports. The fund owned 16,791 shares of the company’s stock after selling 1,549 shares during the quarter. Quantbot Technologies LP’s holdings in Cannae were worth $313,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Comerica Bank bought a new position in shares of Cannae during the second quarter valued at approximately $150,000. Allspring Global Investments Holdings LLC bought a new position in shares of Cannae during the second quarter valued at approximately $28,000. Point72 Hong Kong Ltd grew its holdings in shares of Cannae by 66.4% during the first quarter. Point72 Hong Kong Ltd now owns 2,632 shares of the company’s stock valued at $63,000 after purchasing an additional 1,050 shares during the last quarter. Lazard Asset Management LLC bought a new position in Cannae in the 2nd quarter worth approximately $55,000. Finally, Tower Research Capital LLC TRC grew its holdings in Cannae by 57.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,590 shares of the company’s stock worth $95,000 after buying an additional 1,681 shares in the last quarter. 82.28% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CNNE has been the subject of a number of recent analyst reports. Stephens decreased their price objective on Cannae from $36.00 to $30.00 and set an “overweight” rating for the company in a report on Wednesday, November 8th. Royal Bank of Canada decreased their price objective on Cannae from $27.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th.

Check Out Our Latest Report on Cannae

Cannae Stock Performance

Shares of CNNE stock opened at $21.01 on Friday. Cannae Holdings, Inc. has a 12-month low of $15.93 and a 12-month high of $24.91. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of -6.91 and a beta of 0.90. The business has a 50 day simple moving average of $19.89 and a 200 day simple moving average of $19.08. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07.

Cannae (NYSE:CNNEGet Free Report) last released its earnings results on Tuesday, November 7th. The company reported ($2.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.30) by ($1.88). The firm had revenue of $143.60 million during the quarter, compared to analyst estimates of $150.90 million. Cannae had a negative return on equity of 8.52% and a negative net margin of 36.46%. On average, equities research analysts anticipate that Cannae Holdings, Inc. will post -3.92 EPS for the current year.

About Cannae

(Free Report)

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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Institutional Ownership by Quarter for Cannae (NYSE:CNNE)

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