Cannae Holdings, Inc. $CNNE Shares Bought by Caxton Associates LLP

Caxton Associates LLP raised its position in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 33.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 177,299 shares of the company’s stock after buying an additional 44,756 shares during the period. Caxton Associates LLP’s holdings in Cannae were worth $2,016,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC acquired a new position in shares of Cannae in the first quarter valued at approximately $50,000. Quantbot Technologies LP acquired a new stake in Cannae during the 2nd quarter worth approximately $62,000. Kelleher Financial Advisors purchased a new position in Cannae in the 3rd quarter valued at approximately $73,000. Eurizon Capital SGR S.p.A. purchased a new position in Cannae in the 4th quarter valued at approximately $85,000. Finally, CWM LLC grew its stake in Cannae by 79.9% during the 4th quarter. CWM LLC now owns 7,313 shares of the company’s stock worth $115,000 after purchasing an additional 3,248 shares in the last quarter. 88.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CNNE. Stephens reissued an “overweight” rating and set a $17.00 price objective on shares of Cannae in a research report on Thursday, April 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Cannae in a research note on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cannae in a research report on Monday, July 6th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cannae currently has an average rating of “Hold” and an average target price of $17.00.

Cannae Trading Up 2.4%

NYSE:CNNE opened at $14.71 on Friday. The stock’s 50 day moving average price is $14.34 and its 200 day moving average price is $13.65. Cannae Holdings, Inc. has a 52-week low of $10.46 and a 52-week high of $21.88. The company has a market capitalization of $646.37 million, a PE ratio of -1.88 and a beta of 1.20. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.07.

Cannae (NYSE:CNNE) last issued its quarterly earnings results on Monday, May 11th. The company reported ($0.70) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.30). Cannae had a negative return on equity of 36.53% and a negative net margin of 103.77%.The business had revenue of $96.20 million for the quarter, compared to analyst estimates of $99.77 million. During the same quarter in the prior year, the company earned ($1.81) EPS. The firm’s revenue for the quarter was down 6.8% on a year-over-year basis. On average, research analysts anticipate that Cannae Holdings, Inc. will post -2.4 EPS for the current year.

Cannae Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 4.1%. The ex-dividend date was Tuesday, June 16th. Cannae’s dividend payout ratio (DPR) is -7.68%.

About Cannae

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.