Blue Trust Inc. Acquires 4,062 Shares of Cannae Holdings, Inc. (NYSE:CNNE)

Blue Trust Inc. raised its holdings in Cannae Holdings, Inc. (NYSE:CNNE) by 457.9% in the fourth quarter, Holdings Channel reports. The firm owned 4,949 shares of the company’s stock after purchasing an additional 4,062 shares during the period. Blue Trust Inc.’s holdings in Cannae were worth $94,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Oakview Capital Management L.P. bought a new position in Cannae during the third quarter valued at $67,000. DekaBank Deutsche Girozentrale bought a new position in shares of Cannae during the 3rd quarter worth $113,000. BNP Paribas Financial Markets increased its holdings in Cannae by 10.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 12,384 shares of the company’s stock worth $236,000 after acquiring an additional 1,150 shares during the last quarter. Intech Investment Management LLC purchased a new stake in Cannae in the 3rd quarter worth about $244,000. Finally, Park Avenue Securities LLC raised its stake in Cannae by 19.6% in the 4th quarter. Park Avenue Securities LLC now owns 12,312 shares of the company’s stock valued at $245,000 after acquiring an additional 2,014 shares during the period. 88.12% of the stock is owned by hedge funds and other institutional investors.

Cannae Trading Down 2.7 %

NYSE:CNNE opened at $19.37 on Friday. Cannae Holdings, Inc. has a 1 year low of $16.94 and a 1 year high of $22.99. The stock’s fifty day moving average price is $19.86 and its two-hundred day moving average price is $19.69. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.55 and a quick ratio of 2.55. The company has a market cap of $1.22 billion, a P/E ratio of -4.03 and a beta of 0.86.

Cannae (NYSE:CNNE) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.22). The business had revenue of $113.90 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 20.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($2.18) EPS. As a group, analysts expect that Cannae Holdings, Inc. will post -3.14 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lifted their target price 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 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.