River Road Asset Management LLC Grows Position in Cannae Holdings, Inc. (NYSE:CNNE)

River Road Asset Management LLC increased its holdings in Cannae Holdings, Inc. (NYSE:CNNE) by 0.9% in the third quarter, Holdings Channel reports. The fund owned 5,665,103 shares of the company’s stock after purchasing an additional 50,150 shares during the quarter. Cannae accounts for approximately 1.4% of River Road Asset Management LLC’s portfolio, making the stock its 19th largest position. River Road Asset Management LLC owned 0.09% of Cannae worth $107,977,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in Cannae by 1,616.0% in the second quarter. CWM LLC now owns 1,390 shares of the company’s stock worth $25,000 after acquiring an additional 1,309 shares during the period. EntryPoint Capital LLC lifted its stake in Cannae by 48.9% in the first quarter. EntryPoint Capital LLC now owns 1,629 shares of the company’s stock worth $36,000 after acquiring an additional 535 shares during the period. Innealta Capital LLC purchased a new stake in Cannae in the second quarter worth about $48,000. nVerses Capital LLC purchased a new stake in Cannae in the second quarter worth about $71,000. Finally, Torno Capital LLC purchased a new stake in Cannae in the first quarter worth about $111,000. 88.12% of the stock is owned by hedge funds and other institutional investors.

Cannae Stock Up 2.3 %

NYSE:CNNE opened at $19.94 on Tuesday. Cannae Holdings, Inc. has a 1-year low of $16.53 and a 1-year high of $22.99. The company has a 50-day moving average of $19.15 and a 200 day moving average of $19.11. The firm has a market cap of $1.25 billion, a PE ratio of -2.95 and a beta of 0.87. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.01 and a quick ratio of 1.01.

Cannae (NYSE:CNNE) last announced its earnings results on Thursday, August 8th. The company reported ($2.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($2.32). The firm had revenue of $118.00 million during the quarter, compared to the consensus estimate of $112.00 million. Cannae had a negative return on equity of 14.30% and a negative net margin of 93.69%. The business’s revenue for the quarter was down 22.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($1.16) earnings per share. As a group, research analysts anticipate that Cannae Holdings, Inc. will post -3.03 EPS for the current fiscal year.

Cannae Company Profile

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.