Cannae Holdings, Inc. (NYSE:CNNE) Major Shareholder Cannae Holdings, Inc. Sells 50,929 Shares

Cannae Holdings, Inc. (NYSE:CNNEGet Rating) major shareholder Cannae Holdings, Inc. sold 50,929 shares of the firm’s stock in a transaction on Friday, April 22nd. The shares were sold at an average price of $14.02, for a total value of $714,024.58. Following the completion of the transaction, the insider now owns 26,402,297 shares in the company, valued at approximately $370,160,203.94. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Cannae Holdings, Inc. also recently made the following trade(s):

  • On Tuesday, April 19th, Cannae Holdings, Inc. sold 563,264 shares of Cannae stock. The shares were sold at an average price of $13.99, for a total value of $7,880,063.36.

Shares of NYSE CNNE traded down $1.20 during trading on Tuesday, hitting $22.44. 427,727 shares of the company were exchanged, compared to its average volume of 555,518. The firm has a market capitalization of $1.94 billion, a PE ratio of -6.99 and a beta of 0.80. Cannae Holdings, Inc. has a 12-month low of $22.31 and a 12-month high of $40.73. The company has a fifty day moving average price of $24.85 and a 200-day moving average price of $29.87.

Cannae (NYSE:CNNEGet Rating) last issued its quarterly earnings data on Thursday, February 17th. The company reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($1.10). The company had revenue of $181.90 million during the quarter, compared to analysts’ expectations of $200.40 million. Cannae had a negative net margin of 38.67% and a negative return on equity of 8.18%. During the same quarter last year, the firm posted ($0.06) earnings per share. On average, analysts anticipate that Cannae Holdings, Inc. will post 0.09 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Thompson Siegel & Walmsley LLC raised its holdings in Cannae by 17.8% in the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 793,950 shares of the company’s stock valued at $24,700,000 after buying an additional 119,984 shares during the period. Shufro Rose & Co. LLC acquired a new position in Cannae in the 3rd quarter valued at about $280,000. Russell Investments Group Ltd. grew its position in shares of Cannae by 33.5% during the third quarter. Russell Investments Group Ltd. now owns 115,362 shares of the company’s stock worth $3,588,000 after buying an additional 28,960 shares in the last quarter. Keel Point LLC grew its position in shares of Cannae by 10.9% during the third quarter. Keel Point LLC now owns 8,054 shares of the company’s stock worth $251,000 after buying an additional 794 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Cannae during the third quarter worth about $230,000. Hedge funds and other institutional investors own 87.79% of the company’s stock.

Separately, Zacks Investment Research upgraded Cannae from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 19th.

About Cannae (Get Rating)

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 is based in Las Vegas, Nevada.

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Insider Buying and Selling by Quarter for Cannae (NYSE:CNNE)

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