SG Americas Securities LLC Raises Stake in Cannae Holdings, Inc. (NYSE:CNNE)

SG Americas Securities LLC increased its stake in Cannae Holdings, Inc. (NYSE:CNNE) by 9.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 20,102 shares of the company’s stock after acquiring an additional 1,817 shares during the quarter. SG Americas Securities LLC’s holdings in Cannae were worth $399,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNNE. Park Avenue Securities LLC raised its position in Cannae by 19.6% during the 4th quarter. Park Avenue Securities LLC now owns 12,312 shares of the company’s stock valued at $245,000 after purchasing an additional 2,014 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Cannae by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 454,688 shares of the company’s stock valued at $8,666,000 after buying an additional 44,691 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Cannae in the third quarter valued at about $906,000. Barclays PLC lifted its stake in Cannae by 221.9% in the third quarter. Barclays PLC now owns 95,378 shares of the company’s stock worth $1,818,000 after acquiring an additional 65,749 shares during the period. Finally, Y Intercept Hong Kong Ltd grew its holdings in Cannae by 9.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 20,133 shares of the company’s stock worth $384,000 after acquiring an additional 1,789 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

Cannae Stock Down 0.2 %

Shares of NYSE CNNE opened at $19.75 on Monday. Cannae Holdings, Inc. has a 12-month low of $16.94 and a 12-month high of $22.99. The stock’s fifty day simple moving average is $20.02 and its two-hundred day simple moving average is $19.68. The stock has a market capitalization of $1.24 billion, a PE ratio of -4.11 and a beta of 0.86. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.10.

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

Cannae Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th were paid a dividend of $0.12 per share. The ex-dividend date was Tuesday, December 17th. This represents a $0.48 annualized dividend and a dividend yield of 2.43%. Cannae’s dividend payout ratio (DPR) is presently -9.98%.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada boosted their price target on shares of Cannae from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, November 14th.

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.