Cannae Holdings, Inc. (NYSE:CNNE) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its stake in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 10.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,208 shares of the company’s stock after selling 707 shares during the period. Amalgamated Bank’s holdings in Cannae were worth $121,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CNNE. Principal Financial Group Inc. acquired a new stake in shares of Cannae during the third quarter valued at $198,000. Victory Capital Management Inc. boosted its stake in Cannae by 27.8% in the 3rd quarter. Victory Capital Management Inc. now owns 54,197 shares of the company’s stock worth $1,010,000 after buying an additional 11,803 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in Cannae in the 3rd quarter worth about $388,000. Barclays PLC boosted its stake in Cannae by 7.9% in the 3rd quarter. Barclays PLC now owns 40,909 shares of the company’s stock worth $762,000 after buying an additional 3,009 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in Cannae by 3.3% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 983,716 shares of the company’s stock worth $18,336,000 after buying an additional 31,788 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer raised their price target on Cannae from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th.

Cannae Stock Performance

Cannae stock opened at $19.42 on Friday. The stock’s 50-day moving average is $20.76 and its 200-day moving average is $20.20. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -3.57 and a beta of 0.91. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.32 and a quick ratio of 3.06. Cannae Holdings, Inc. has a 12 month low of $15.93 and a 12 month high of $22.99.

Cannae (NYSE:CNNE) last released its quarterly earnings data on Thursday, May 9th. The company reported ($1.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.94). The firm had revenue of $110.70 million during the quarter, compared to analysts’ expectations of $126.23 million. Cannae had a negative return on equity of 16.50% and a negative net margin of 74.62%. The business’s revenue for the quarter was down 28.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.05) earnings per share. Equities analysts anticipate that Cannae Holdings, Inc. will post -1.26 earnings per share for the current year.

Cannae Dividend Announcement

The company also recently disclosed a — dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.12 dividend. The ex-dividend date is Friday, June 14th.

Insider Transactions at Cannae

In related news, CEO Richard N. Massey sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $20.82, for a total transaction of $1,041,000.00. Following the sale, the chief executive officer now directly owns 354,367 shares in the company, valued at approximately $7,377,920.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Cannae news, CEO Richard N. Massey sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 17th. The stock was 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 in the company, valued at approximately $5,385,824.21. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Richard N. Massey sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $20.82, for a total value of $1,041,000.00. Following the sale, the chief executive officer now owns 354,367 shares of the company’s stock, valued at approximately $7,377,920.94. The disclosure for this sale can be found here. Insiders have sold a total of 103,050 shares of company stock worth $2,104,039 in the last three months. 10.90% of the stock is currently owned by company insiders.

About Cannae

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.