Cannae Holdings, Inc. $CNNE Shares Acquired by Thompson Siegel & Walmsley LLC

Thompson Siegel & Walmsley LLC grew its position in Cannae Holdings, Inc. (NYSE:CNNE) by 17.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 950,378 shares of the company’s stock after acquiring an additional 144,570 shares during the quarter. Thompson Siegel & Walmsley LLC owned about 1.93% of Cannae worth $14,949,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Private Management Group Inc. raised its stake in shares of Cannae by 5.9% during the third quarter. Private Management Group Inc. now owns 1,679,660 shares of the company’s stock worth $30,755,000 after purchasing an additional 94,002 shares during the last quarter. Almitas Capital LLC raised its stake in shares of Cannae by 73.4% during the third quarter. Almitas Capital LLC now owns 556,688 shares of the company’s stock worth $10,193,000 after purchasing an additional 235,702 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Cannae by 83.8% during the third quarter. JPMorgan Chase & Co. now owns 289,963 shares of the company’s stock worth $5,309,000 after purchasing an additional 132,166 shares during the last quarter. BW Gestao de Investimentos Ltda. purchased a new stake in shares of Cannae during the third quarter worth approximately $1,300,000. Finally, Highbridge Capital Management LLC raised its stake in shares of Cannae by 12.3% during the third quarter. Highbridge Capital Management LLC now owns 442,713 shares of the company’s stock worth $8,106,000 after purchasing an additional 48,400 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CNNE. Royal Bank Of Canada restated an “outperform” rating on shares of Cannae in a research note on Tuesday, May 12th. Stephens restated an “overweight” rating and set a $17.00 price target on shares of Cannae in a research note on Thursday, April 23rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cannae in a research note on Wednesday, April 8th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Cannae presently has a consensus rating of “Hold” and a consensus target price of $17.00.

Cannae Trading Down 0.0%

NYSE:CNNE opened at $14.82 on Monday. The stock has a fifty day moving average price of $12.84 and a two-hundred day moving average price of $14.08. The stock has a market capitalization of $651.32 million, a price-to-earnings ratio of -1.90 and a beta of 1.19. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.71 and a current ratio of 1.71. Cannae Holdings, Inc. has a 1 year low of $10.46 and a 1 year high of $21.96.

Cannae (NYSE:CNNE) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.30). The business had revenue of $96.20 million during the quarter, compared to analysts’ expectations of $99.77 million. Cannae had a negative return on equity of 36.53% and a negative net margin of 103.77%.The company’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.81) EPS. As a group, sell-side analysts anticipate that Cannae Holdings, Inc. will post -2.4 earnings per share for the current fiscal year.

Cannae Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th will be given a $0.15 dividend. The ex-dividend date is Tuesday, June 16th. This represents a $0.60 annualized dividend and a yield of 4.0%. Cannae’s dividend payout ratio is presently -7.68%.

Cannae Company Profile

Cannae Holdings, Inc (NYSE: CNNE) is a publicly traded diversified holding company that focuses on partnering with and investing in businesses across a range of industry sectors. The company seeks to identify attractive opportunities in both private and public markets, leveraging its capital resources and management expertise to support operational growth and value creation. Cannae’s investment strategy emphasizes companies in data and analytics, marketing services, healthcare technology, and payment processing.

Through its portfolio, Cannae holds controlling or significant minority stakes in companies that provide critical software, data and services to corporate clients.