Sanctuary Advisors LLC bought a new position in shares of Cannae Holdings, Inc. (NYSE:CNNE - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 42,914 shares of the company's stock, valued at approximately $906,000. Sanctuary Advisors LLC owned 0.07% of Cannae as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of the business. Innealta Capital LLC bought a new position in shares of Cannae in the 2nd quarter worth $48,000. Oakview Capital Management L.P. acquired a new position in Cannae in the third quarter valued at about $67,000. nVerses Capital LLC acquired a new position in Cannae in the second quarter valued at about $71,000. Highbridge Capital Management LLC bought a new position in Cannae during the second quarter worth about $91,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Cannae during the 3rd quarter worth about $113,000. Institutional investors and hedge funds own 88.12% of the company's stock.
Shares of CNNE stock opened at $19.99 on Monday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -4.16 and a beta of 0.85. Cannae Holdings, Inc. has a 12-month low of $16.94 and a 12-month high of $22.99. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.10. The firm has a fifty day moving average of $20.33 and a 200-day moving average of $19.38.
Cannae (NYSE:CNNE - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.22). Cannae had a negative return on equity of 8.26% and a negative net margin of 68.61%. The company had revenue of $113.90 million during the quarter, compared to the consensus estimate of $105.67 million. During the same period in the prior year, the company earned ($2.18) earnings per share. The company's revenue for the quarter was down 20.7% compared to the same quarter last year. On average, equities research analysts forecast that Cannae Holdings, Inc. will post -3.14 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.40%. The ex-dividend date is Tuesday, December 17th. Cannae's dividend payout ratio (DPR) is presently -9.98%.
Separately, Royal Bank of Canada increased their price target on shares of Cannae from $26.00 to $27.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th.
Check Out Our Latest Report on CNNE
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.
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