Cannae Holdings, Inc. Sells 16,165 Shares of Cannae Holdings, Inc. (NYSE:CNNE) Stock

Cannae Holdings, Inc. (NYSE:CNNEGet Rating) major shareholder Cannae Holdings, Inc. sold 16,165 shares of the company’s stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $10.64, for a total transaction of $171,995.60. Following the completion of the transaction, the insider now owns 25,450,559 shares in the company, valued at approximately $270,793,947.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, May 19th, Cannae Holdings, Inc. sold 22,079 shares of Cannae stock. The stock was sold at an average price of $11.01, for a total transaction of $243,089.79.
  • On Tuesday, May 17th, Cannae Holdings, Inc. sold 50,000 shares of Cannae stock. The shares were sold at an average price of $11.04, for a total transaction of $552,000.00.
  • On Monday, May 2nd, Cannae Holdings, Inc. sold 84,637 shares of Cannae stock. The shares were sold at an average price of $12.79, for a total value of $1,082,507.23.
  • On Friday, April 29th, Cannae Holdings, Inc. sold 350,000 shares of Cannae stock. The stock was sold at an average price of $12.88, for a total value of $4,508,000.00.
  • 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 value of $2,073,000.00.
  • On Friday, April 22nd, Cannae Holdings, Inc. sold 50,929 shares of Cannae stock. The shares were sold at an average price of $14.02, for a total value 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 value of $7,880,063.36.

Shares of NYSE:CNNE traded up $0.26 on Monday, reaching $19.40. The company’s stock had a trading volume of 1,523,215 shares, compared to its average volume of 590,939. Cannae Holdings, Inc. has a 52-week low of $17.51 and a 52-week high of $36.92. The company has a 50-day simple moving average of $22.78 and a 200 day simple moving average of $28.20. The company has a market cap of $1.65 billion, a P/E ratio of -5.46 and a beta of 0.80.

Cannae (NYSE:CNNEGet Rating) last released its earnings results on Monday, May 9th. The company reported ($2.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($2.87). Cannae had a negative return on equity of 8.92% and a negative net margin of 40.87%. During the same quarter in the prior year, the business posted ($2.55) earnings per share. Equities research analysts predict that Cannae Holdings, Inc. will post -2.63 earnings per share for the current fiscal year.

CNNE has been the topic of several recent research reports. Zacks Investment Research cut shares of Cannae from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 12th. Oppenheimer decreased their target price on Cannae from $41.00 to $36.00 in a report on Tuesday, May 10th.

Several large investors have recently made changes to their positions in CNNE. US Bancorp DE raised 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 worth $26,000 after buying an additional 392 shares during the period. Nisa Investment Advisors LLC bought a new stake in shares of Cannae during the first quarter worth $26,000. Life Planning Partners Inc bought a new stake in shares of Cannae during the fourth quarter worth $37,000. Allworth Financial LP grew 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 worth $44,000 after purchasing an additional 809 shares during the last quarter. Finally, TAP Consulting LLC purchased a new position in Cannae in the 4th quarter worth about $46,000. Institutional investors and hedge funds own 86.51% of the company’s stock.

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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