Creative Planning Grows Position in Cannae Holdings, Inc. (NYSE:CNNE)

Creative Planning lifted its holdings in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 53.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 34,204 shares of the company’s stock after acquiring an additional 11,925 shares during the quarter. Creative Planning’s holdings in Cannae were worth $652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Jane Street Group LLC boosted its position in shares of Cannae by 429.2% during the first quarter. Jane Street Group LLC now owns 378,182 shares of the company’s stock valued at $8,411,000 after buying an additional 306,716 shares during the last quarter. Poehling Capital Management INC. boosted its position in shares of Cannae by 59.4% during the first quarter. Poehling Capital Management INC. now owns 709,019 shares of the company’s stock valued at $15,769,000 after buying an additional 264,213 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Cannae by 17.8% during the first quarter. Russell Investments Group Ltd. now owns 226,852 shares of the company’s stock valued at $5,045,000 after buying an additional 34,246 shares during the last quarter. Caxton Associates LP bought a new position in Cannae in the first quarter valued at about $751,000. Finally, Epoch Investment Partners Inc. lifted its holdings in Cannae by 39.5% in the first quarter. Epoch Investment Partners Inc. now owns 473,405 shares of the company’s stock valued at $10,529,000 after acquiring an additional 134,071 shares during the period. 88.12% of the stock is owned by hedge funds and other institutional investors.

Cannae Stock Down 1.8 %

CNNE stock opened at $19.50 on Monday. Cannae Holdings, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $22.99. The business’s 50-day moving average is $19.15 and its two-hundred day moving average is $19.11. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -2.88 and a beta of 0.87.

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

Cannae 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.