Cannae Holdings, Inc. (NYSE:CNNE) Major Shareholder Cannae Holdings, Inc. Sells 350,000 Shares

Cannae Holdings, Inc. (NYSE:CNNEGet Rating) major shareholder Cannae Holdings, Inc. sold 350,000 shares of Cannae stock in a transaction on Friday, April 29th. The shares were sold at an average price of $12.88, for a total transaction of $4,508,000.00. Following the completion of the transaction, the insider now owns 25,862,297 shares in the company, valued at $333,106,385.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 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 Monday, May 2nd, Cannae Holdings, Inc. sold 84,637 shares of Cannae stock. The stock was sold at an average price of $12.79, for a total transaction of $1,082,507.23.
  • On Wednesday, April 27th, Cannae Holdings, Inc. sold 150,000 shares of Cannae stock. The stock was sold at an average price of $13.82, for a total transaction of $2,073,000.00.
  • On Friday, April 22nd, Cannae Holdings, Inc. sold 50,929 shares of Cannae stock. The stock was sold at an average price of $14.02, for a total transaction of $714,024.58.
  • On Tuesday, April 19th, Cannae Holdings, Inc. sold 563,264 shares of Cannae stock. The stock was sold at an average price of $13.99, for a total transaction of $7,880,063.36.

CNNE stock opened at $22.42 on Wednesday. The company has a market cap of $1.94 billion, a P/E ratio of -6.98 and a beta of 0.80. Cannae Holdings, Inc. has a 52 week low of $21.81 and a 52 week high of $40.21. The company’s 50-day moving average price is $24.29 and its 200 day moving average price is $29.52.

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

Several hedge funds and other institutional investors have recently made changes to their positions in CNNE. US Bancorp DE lifted its holdings in shares of Cannae by 89.7% in the third quarter. US Bancorp DE now owns 829 shares of the company’s stock valued at $26,000 after purchasing an additional 392 shares in the last quarter. Nisa Investment Advisors LLC purchased a new stake in shares of Cannae in the first quarter valued at about $26,000. Life Planning Partners Inc purchased a new stake in shares of Cannae in the fourth quarter valued at about $37,000. Allworth Financial LP lifted its holdings in shares of Cannae by 77.8% in the first quarter. Allworth Financial LP now owns 1,849 shares of the company’s stock valued at $44,000 after purchasing an additional 809 shares in the last quarter. Finally, TAP Consulting LLC purchased a new stake in shares of Cannae in the fourth quarter valued at about $46,000. 86.51% of the stock is currently owned by institutional investors.

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

Cannae Company Profile (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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