Quantinno Capital Management LP Has $957,000 Stock Holdings in Cannae Holdings, Inc. $CNNE

Quantinno Capital Management LP lifted its position in Cannae Holdings, Inc. (NYSE:CNNE) by 231.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 84,147 shares of the company’s stock after purchasing an additional 58,726 shares during the quarter. Quantinno Capital Management LP owned 0.19% of Cannae worth $957,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CNNE. Rubric Capital Management LP lifted its holdings in Cannae by 41.3% during the 2nd quarter. Rubric Capital Management LP now owns 2,105,864 shares of the company’s stock valued at $43,907,000 after purchasing an additional 615,616 shares during the last quarter. State of Wisconsin Investment Board grew its stake in Cannae by 109.6% during the fourth quarter. State of Wisconsin Investment Board now owns 815,918 shares of the company’s stock worth $12,834,000 after buying an additional 426,736 shares during the last quarter. Jane Street Group LLC grew its stake in Cannae by 467.8% during the fourth quarter. Jane Street Group LLC now owns 468,356 shares of the company’s stock worth $7,367,000 after buying an additional 385,865 shares during the last quarter. Saba Capital Management L.P. increased its holdings in shares of Cannae by 23.3% during the fourth quarter. Saba Capital Management L.P. now owns 1,714,994 shares of the company’s stock worth $26,977,000 after buying an additional 323,531 shares in the last quarter. Finally, Poehling Capital Management INC. increased its holdings in shares of Cannae by 46.4% during the first quarter. Poehling Capital Management INC. now owns 954,190 shares of the company’s stock worth $10,849,000 after buying an additional 302,494 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Cannae Stock Down 0.1%

Shares of NYSE CNNE opened at $14.61 on Monday. Cannae Holdings, Inc. has a 12-month low of $10.46 and a 12-month high of $19.88. The firm’s 50-day simple moving average is $14.55 and its 200 day simple moving average is $13.53. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.07. The company has a market cap of $633.68 million, a price-to-earnings ratio of -4.84 and a beta of 1.20.

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

Cannae Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, September 16th. Cannae’s dividend payout ratio is -19.87%.

Wall Street Analyst Weigh In

CNNE has been the subject of a number of research analyst reports. Stephens reiterated an “overweight” rating and issued a $17.00 target price on shares of Cannae in a research note on Thursday, April 23rd. Royal Bank Of Canada restated an “outperform” rating and set a $16.00 price target on shares of Cannae in a research report on Tuesday, August 11th. Wall Street Zen raised Cannae from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reiterated 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 issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $16.50.

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.