Cannae Holdings, Inc. $CNNE Stock Sold by Shayne & Jacobs LLC

Shayne & Jacobs LLC reduced its holdings in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 52.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,910 shares of the company’s stock after selling 44,253 shares during the quarter. Shayne & Jacobs LLC owned approximately 0.09% of Cannae worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in CNNE. Sax Wealth Advisors LLC purchased a new position in Cannae during the third quarter worth $165,000. GAMMA Investing LLC lifted its position in shares of Cannae by 64.4% in the third quarter. GAMMA Investing LLC now owns 3,301 shares of the company’s stock valued at $51,000 after acquiring an additional 1,293 shares in the last quarter. Engineers Gate Manager LP lifted its position in shares of Cannae by 31.4% in the second quarter. Engineers Gate Manager LP now owns 72,630 shares of the company’s stock valued at $1,046,000 after acquiring an additional 17,350 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Cannae in the second quarter valued at $116,000. Finally, Allworth Financial LP lifted its position in shares of Cannae by 225.7% in the second quarter. Allworth Financial LP now owns 2,231 shares of the company’s stock valued at $32,000 after acquiring an additional 1,546 shares in the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNNE has been the subject of several analyst reports. Wall Street Zen raised shares of Cannae from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings lowered shares of Cannae from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. Finally, Royal Bank Of Canada raised their price target on shares of Cannae from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, October 9th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.00.

Cannae Stock Down 0.2%

Shares of CNNE opened at $16.11 on Thursday. Cannae Holdings, Inc. has a fifty-two week low of $10.46 and a fifty-two week high of $18.84. The company’s fifty day moving average is $15.54 and its two-hundred day moving average is $14.56. The firm has a market cap of $698.65 million, a PE ratio of -5.33 and a beta of 1.23. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.07.

Cannae (NYSE:CNNE) last released its quarterly earnings data on Monday, August 10th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $1.28. The company had revenue of $102.20 million for the quarter, compared to the consensus estimate of $99.65 million. Cannae had a negative return on equity of 14.10% and a negative net margin of 38.18%.

Cannae Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Wednesday, September 16th. Cannae’s dividend payout ratio (DPR) is -19.87%.

Cannae Profile

Cannae Holdings, Inc is a diversified investment company that manages a portfolio of operating businesses and strategic investments. The company focuses on sectors including restaurants, financial services, payments, and business services, with the goal of building long-term value through active ownership and capital allocation.

Cannae has held interests in a range of companies, including restaurant operators, payment technology businesses, and providers of financial and business services.