Factorial Partners LLC Sells 37,004 Shares of Cannae Holdings, Inc. $CNNE

Factorial Partners LLC trimmed its position in Cannae Holdings, Inc. (NYSE:CNNE) by 22.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 129,173 shares of the company’s stock after selling 37,004 shares during the quarter. Cannae comprises about 2.0% of Factorial Partners LLC’s investment portfolio, making the stock its 21st biggest position. Factorial Partners LLC owned about 0.21% of Cannae worth $2,693,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CNNE. Police & Firemen s Retirement System of New Jersey grew its holdings in Cannae by 6.3% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 12,189 shares of the company’s stock valued at $254,000 after buying an additional 725 shares in the last quarter. CWM LLC grew its holdings in shares of Cannae by 40.4% in the second quarter. CWM LLC now owns 3,253 shares of the company’s stock valued at $68,000 after purchasing an additional 936 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cannae by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,465 shares of the company’s stock worth $613,000 after purchasing an additional 1,405 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Cannae by 66.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 4,168 shares of the company’s stock valued at $87,000 after purchasing an additional 1,669 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Cannae by 460.7% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,069 shares of the company’s stock valued at $38,000 after purchasing an additional 1,700 shares in the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CNNE. Zacks Research raised shares of Cannae from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 15th. Royal Bank Of Canada reduced their price objective on Cannae from $22.00 to $19.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cannae in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $20.50.

Insider Buying and Selling at Cannae

In other news, Director Frank R. Martire sold 26,478 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $18.43, for a total transaction of $487,989.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 10.90% of the company’s stock.

Cannae Stock Performance

Shares of NYSE:CNNE opened at $15.21 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.05. Cannae Holdings, Inc. has a 12 month low of $15.13 and a 12 month high of $22.14. The company has a market capitalization of $749.55 million, a price-to-earnings ratio of -1.97 and a beta of 1.11. The firm’s 50-day moving average is $18.18 and its 200 day moving average is $19.09.

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

Cannae Dividend Announcement

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

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.