Sanctuary Advisors LLC Takes Position in Cannae Holdings, Inc. (NYSE:CNNE)

Sanctuary Advisors LLC acquired a new position in shares of Cannae Holdings, Inc. (NYSE:CNNE) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 42,914 shares of the company’s stock, valued at approximately $906,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Innealta Capital LLC acquired a new position in Cannae during the 2nd quarter worth approximately $48,000. Oakview Capital Management L.P. bought a new stake in shares of Cannae in the third quarter worth $67,000. nVerses Capital LLC acquired a new position in Cannae during the second quarter worth $71,000. Highbridge Capital Management LLC bought a new position in Cannae in the second quarter valued at $91,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Cannae in the 3rd quarter valued at $113,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada increased their price objective on shares of Cannae from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th.

Cannae Stock Up 1.5 %

NYSE:CNNE opened at $19.99 on Monday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -4.16 and a beta of 0.85. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.10. Cannae Holdings, Inc. has a twelve month low of $16.94 and a twelve month high of $22.99. The stock’s 50 day moving average price is $20.33 and its two-hundred day moving average price is $19.38.

Cannae (NYSE:CNNE) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.22). The firm had revenue of $113.90 million for the quarter, compared to analyst estimates of $105.67 million. Cannae had a negative net margin of 68.61% and a negative return on equity of 8.26%. The company’s quarterly revenue was down 20.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($2.18) earnings per share. Equities research analysts expect that Cannae Holdings, Inc. will post -3.14 earnings per share for the current fiscal year.

Cannae Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.48 annualized dividend and a yield of 2.40%. Cannae’s dividend payout ratio (DPR) is currently -9.98%.

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.