Swiss National Bank reduced its position in shares of Cannae Holdings, Inc. (NYSE:CNNE – Get Rating) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 174,194 shares of the company’s stock after selling 7,000 shares during the quarter. Swiss National Bank owned about 0.22% of Cannae worth $3,597,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in CNNE. Quadrant Capital Group LLC raised its stake in shares of Cannae by 145.9% in the third quarter. Quadrant Capital Group LLC now owns 1,217 shares of the company’s stock worth $25,000 after purchasing an additional 722 shares during the last quarter. Group One Trading L.P. raised its stake in shares of Cannae by 127.3% in the third quarter. Group One Trading L.P. now owns 1,481 shares of the company’s stock worth $31,000 after purchasing an additional 6,900 shares during the last quarter. Signaturefd LLC raised its stake in shares of Cannae by 35.7% in the third quarter. Signaturefd LLC now owns 1,786 shares of the company’s stock worth $37,000 after purchasing an additional 470 shares during the last quarter. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Cannae in the fourth quarter worth approximately $48,000. Finally, Point72 Hong Kong Ltd raised its stake in shares of Cannae by 66.4% in the first quarter. Point72 Hong Kong Ltd now owns 2,632 shares of the company’s stock worth $63,000 after purchasing an additional 1,050 shares during the last quarter. 86.29% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Cannae
In other news, CEO Richard N. Massey acquired 50,000 shares of Cannae stock in a transaction on Friday, May 12th. The stock was acquired at an average cost of $18.01 per share, with a total value of $900,500.00. Following the completion of the acquisition, the chief executive officer now owns 377,417 shares in the company, valued at $6,797,280.17. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.10% of the stock is owned by corporate insiders.
Cannae Stock Performance
Cannae (NYSE:CNNE – Get Rating) last released its earnings results on Wednesday, February 22nd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.65. Cannae had a negative return on equity of 0.14% and a negative net margin of 28.44%. The company had revenue of $155.70 million during the quarter, compared to analyst estimates of $170.00 million. As a group, sell-side analysts expect that Cannae Holdings, Inc. will post -0.37 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada lowered their price objective on Cannae from $32.00 to $28.00 in a research note on Thursday, May 11th.
Cannae Company Profile
Cannae Holdings, Inc engages in the management and operation of a group of companies and investments. It operates through the following segments: Dun & Bradstreet, Optimal Blue, Restaurant Group, and Corporate and Other. The Dun & Bradstreet segment offers business decision data and analytics. The Optimal Blue segment is involved in secondary market solutions and actionable data services.
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