Cannae Holdings, Inc. $CNNE Holdings Lifted by Poehling Capital Management INC.

Poehling Capital Management INC. lifted its position in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 6.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 822,639 shares of the company’s stock after acquiring an additional 49,149 shares during the quarter. Cannae makes up 4.0% of Poehling Capital Management INC.’s investment portfolio, making the stock its 4th largest position. Poehling Capital Management INC. owned approximately 1.31% of Cannae worth $17,152,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Jump Financial LLC bought a new position in Cannae during the first quarter worth about $261,000. Trexquant Investment LP bought a new stake in shares of Cannae in the first quarter valued at approximately $795,000. Almitas Capital LLC purchased a new stake in shares of Cannae during the 1st quarter valued at approximately $2,633,000. Vanguard Group Inc. boosted its holdings in Cannae by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 5,844,675 shares of the company’s stock worth $107,133,000 after buying an additional 205,785 shares during the period. Finally, EJF Capital LLC boosted its holdings in Cannae by 39.7% in the 1st quarter. EJF Capital LLC now owns 228,789 shares of the company’s stock worth $4,194,000 after buying an additional 65,000 shares during the period. 88.12% of the stock is currently owned by institutional investors.

Cannae Stock Down 1.7%

Shares of NYSE:CNNE opened at $15.54 on Monday. The firm has a fifty day moving average price of $18.25 and a two-hundred day moving average price of $19.10. The company has a market cap of $765.66 million, a price-to-earnings ratio of -2.01 and a beta of 1.11. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.03 and a quick ratio of 2.03. Cannae Holdings, Inc. has a one year low of $15.13 and a one year high of $22.14.

Cannae (NYSE:CNNE) last released its quarterly earnings results on Monday, November 10th. The company reported ($1.25) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.94). Cannae had a negative return on equity of 23.16% and a negative net margin of 108.39%.The firm had revenue of $106.90 million during the quarter, compared to the consensus estimate of $104.80 million. During the same period in the previous year, the company posted ($0.22) EPS. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. Analysts anticipate that Cannae Holdings, Inc. will post -3.14 EPS for the current fiscal year.

Cannae Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 17th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, December 17th. This represents a $0.60 annualized dividend and a dividend yield of 3.9%. Cannae’s dividend payout ratio (DPR) is presently -7.76%.

Analysts Set New Price Targets

Several research firms have issued reports on CNNE. Royal Bank Of Canada dropped their target price on Cannae from $22.00 to $19.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Zacks Research upgraded Cannae from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cannae in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cannae presently has a consensus rating of “Hold” and an average price target of $20.50.

Insider Buying and Selling at Cannae

In other news, Director Frank R. Martire sold 26,478 shares of Cannae stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $18.43, for a total transaction of $487,989.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.90% of the stock is currently owned by insiders.

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.