Rhumbline Advisers raised its position in shares of Cannae Holdings Inc (NYSE:CNNE) by 9.4% in the third quarter, HoldingsChannel.com reports. The firm owned 110,570 shares of the company’s stock after purchasing an additional 9,546 shares during the quarter. Rhumbline Advisers’ holdings in Cannae were worth $3,037,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of Cannae by 60.6% during the 2nd quarter. Royal Bank of Canada now owns 1,412 shares of the company’s stock worth $41,000 after buying an additional 533 shares during the period. Parallel Advisors LLC grew its position in shares of Cannae by 33.7% during the 2nd quarter. Parallel Advisors LLC now owns 3,928 shares of the company’s stock worth $114,000 after buying an additional 989 shares during the period. Enterprise Trust & Investment Co acquired a new stake in shares of Cannae during the 2nd quarter worth approximately $29,000. Crescent Grove Advisors LLC grew its position in shares of Cannae by 1.2% during the 2nd quarter. Crescent Grove Advisors LLC now owns 117,434 shares of the company’s stock worth $3,403,000 after buying an additional 1,355 shares during the period. Finally, AdvisorNet Financial Inc acquired a new stake in shares of Cannae during the 3rd quarter worth approximately $41,000. 80.76% of the stock is owned by institutional investors and hedge funds.
In other Cannae news, Director Richard N. Massey purchased 20,000 shares of Cannae stock in a transaction that occurred on Thursday, August 29th. The stock was acquired at an average price of $28.49 per share, with a total value of $569,800.00. Following the transaction, the director now owns 203,899 shares in the company, valued at approximately $5,809,082.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Richard L. Cox purchased 3,699 shares of Cannae stock in a transaction that occurred on Friday, September 20th. The stock was acquired at an average cost of $27.05 per share, with a total value of $100,057.95. In the last three months, insiders purchased 33,699 shares of company stock valued at $945,158. 7.20% of the stock is currently owned by insiders.
NYSE CNNE traded up $1.57 during mid-day trading on Tuesday, hitting $30.93. The company’s stock had a trading volume of 6,630 shares, compared to its average volume of 198,118. The company’s 50 day simple moving average is $28.31 and its 200 day simple moving average is $27.88. Cannae Holdings Inc has a twelve month low of $15.87 and a twelve month high of $32.03. The company has a current ratio of 0.94, a quick ratio of 0.75 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 45.25 and a beta of 0.88.
CNNE has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Cannae from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research report on Tuesday, November 5th. ValuEngine downgraded shares of Cannae from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, TheStreet downgraded shares of Cannae from a “b-” rating to a “c+” rating in a research report on Tuesday, September 17th.
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 is based in Las Vegas, Nevada.
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