American International Group Inc. acquired a new stake in Cannae Holdings Inc (NYSE:CNNE) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 41,651 shares of the company’s stock, valued at approximately $709,000. American International Group Inc. owned about 0.06% of Cannae at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Fidelity National Financial Inc. acquired a new stake in Cannae in the fourth quarter valued at $97,175,000. Bank of New York Mellon Corp acquired a new stake in Cannae in the fourth quarter valued at $41,554,000. James Investment Research Inc. acquired a new stake in Cannae in the fourth quarter valued at $455,000. Fox Run Management L.L.C. acquired a new stake in Cannae in the fourth quarter valued at $314,000. Finally, California Public Employees Retirement System acquired a new stake in Cannae in the fourth quarter valued at $6,089,000. Hedge funds and other institutional investors own 79.11% of the company’s stock.
A number of equities research analysts have commented on CNNE shares. Zacks Investment Research downgraded Cannae from a “hold” rating to a “sell” rating in a report on Monday, January 1st. TheStreet downgraded Cannae from a “b-” rating to a “d+” rating in a research note on Tuesday, January 16th. Finally, ValuEngine raised Cannae from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 5th.
Shares of NYSE:CNNE traded down $0.32 during midday trading on Monday, hitting $18.54. 175,524 shares of the stock were exchanged, compared to its average volume of 254,137. The company has a market capitalization of $1,330.97, a PE ratio of 11.29 and a beta of 0.63. The company has a quick ratio of 1.28, a current ratio of 1.40 and a debt-to-equity ratio of 0.01. Cannae Holdings Inc has a twelve month low of $16.16 and a twelve month high of $19.58.
Cannae (NYSE:CNNE) last released its quarterly earnings results on Wednesday, March 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.20. The business had revenue of $317.40 million during the quarter. Cannae had a return on equity of 2.21% and a net margin of 7.37%. equities analysts anticipate that Cannae Holdings Inc will post -0.28 earnings per share for the current year.
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Cannae Company Profile
Cannae Holdings, Inc is a diversified holding company. The Company has investments in a variety of industries including Restaurants, Technology Enabled Healthcare Services, Financial Services and more. The Company holds majority and minority equity investment stakes in a number of entities, including Ceridian Holdings, LLC, American Blue Ribbon Holdings, and LLC and T-System Holding LLC.
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