State of New Jersey Common Pension Fund D Has $2.31 Million Stock Holdings in Cannae Holdings, Inc. (NYSE:CNNE)

State of New Jersey Common Pension Fund D boosted its stake in Cannae Holdings, Inc. (NYSE:CNNEGet Rating) by 14.2% in the first quarter, HoldingsChannel reports. The firm owned 96,457 shares of the company’s stock after buying an additional 11,987 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Cannae were worth $2,307,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. DAVENPORT & Co LLC grew its holdings in Cannae by 5.0% in the first quarter. DAVENPORT & Co LLC now owns 6,411,962 shares of the company’s stock worth $154,483,000 after purchasing an additional 304,459 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in Cannae by 8.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 22,995 shares of the company’s stock worth $550,000 after purchasing an additional 1,769 shares during the period. Full18 Capital LLC grew its holdings in Cannae by 0.5% in the first quarter. Full18 Capital LLC now owns 134,404 shares of the company’s stock worth $3,880,000 after purchasing an additional 723 shares during the period. Inlet Private Wealth LLC lifted its stake in shares of Cannae by 3.2% in the first quarter. Inlet Private Wealth LLC now owns 168,771 shares of the company’s stock valued at $4,037,000 after buying an additional 5,271 shares in the last quarter. Finally, First Bank & Trust lifted its stake in shares of Cannae by 27.9% in the first quarter. First Bank & Trust now owns 11,711 shares of the company’s stock valued at $280,000 after buying an additional 2,554 shares in the last quarter. 86.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Oppenheimer dropped their price objective on shares of Cannae from $41.00 to $36.00 in a research note on Tuesday, May 10th.

Cannae Trading Up 5.4 %

Cannae stock opened at $22.14 on Thursday. The firm’s fifty day moving average price is $20.08 and its two-hundred day moving average price is $23.22. Cannae Holdings, Inc. has a 1-year low of $17.11 and a 1-year high of $36.50. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of -6.25 and a beta of 0.80.

Cannae (NYSE:CNNEGet Rating) last released its quarterly earnings results on Monday, May 9th. The company reported ($2.88) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($2.68). Cannae had a negative net margin of 40.87% and a negative return on equity of 8.92%. The firm had revenue of $167.40 million for the quarter, compared to the consensus estimate of $193.00 million. During the same period in the previous year, the business earned ($2.55) earnings per share. On average, research analysts forecast that Cannae Holdings, Inc. will post -2.48 EPS for the current year.

Insider Activity at Cannae

In related news, Director Cannae Holdings, Inc. sold 7,871,685 shares of the firm’s stock in a transaction dated Tuesday, July 5th. The shares were sold at an average price of $13.81, for a total transaction of $108,707,969.85. Following the transaction, the director now directly owns 80,406,356 shares of the company’s stock, valued at $1,110,411,776.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 7,959,929 shares of company stock valued at $109,675,055 over the last ninety days. Corporate insiders own 5.60% 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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Institutional Ownership by Quarter for Cannae (NYSE:CNNE)

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