Corient Private Wealth LLC Sells 41,279 Shares of Cannae Holdings, Inc. $CNNE

Corient Private Wealth LLC lessened its holdings in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 50.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,046 shares of the company’s stock after selling 41,279 shares during the period. Corient Private Wealth LLC owned about 0.07% of Cannae worth $856,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Quantbot Technologies LP bought a new stake in shares of Cannae during the 2nd quarter worth approximately $62,000. CWM LLC increased its stake in Cannae by 40.4% in the second quarter. CWM LLC now owns 3,253 shares of the company’s stock worth $68,000 after purchasing an additional 936 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Cannae by 66.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 4,168 shares of the company’s stock worth $87,000 after purchasing an additional 1,669 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Cannae during the second quarter valued at $212,000. Finally, Oppenheimer Asset Management Inc. bought a new position in shares of Cannae in the second quarter worth about $229,000. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Cannae Trading Down 0.2%

NYSE CNNE opened at $15.87 on Friday. Cannae Holdings, Inc. has a one year low of $15.05 and a one year high of $21.96. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.03 and a current ratio of 2.03. The company has a market capitalization of $782.12 million, a price-to-earnings ratio of -2.05 and a beta of 1.14. The company’s 50-day simple moving average is $16.68 and its two-hundred day simple moving average is $18.62.

Cannae (NYSE:CNNE) last announced its quarterly earnings results on Monday, November 10th. The company reported ($1.25) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.94). The business had revenue of $106.90 million during the quarter, compared to analysts’ expectations of $104.80 million. Cannae had a negative return on equity of 23.16% and a negative net margin of 108.39%.Cannae’s revenue for the quarter was down 6.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.22) EPS. Equities analysts forecast that Cannae Holdings, Inc. will post -3.14 EPS for the current fiscal year.

Cannae Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 17th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, December 17th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.8%. Cannae’s dividend payout ratio (DPR) is currently -7.76%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Cannae in a research report on Tuesday, October 14th. Royal Bank Of Canada decreased their price target on shares of Cannae from $22.00 to $19.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Finally, Zacks Research raised Cannae from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Cannae currently has an average rating of “Hold” and an average price target of $20.50.

About Cannae

Cannae Holdings, Inc (NYSE: CNNE) is a publicly traded diversified holding company that focuses on partnering with and investing in businesses across a range of industry sectors. The company seeks to identify attractive opportunities in both private and public markets, leveraging its capital resources and management expertise to support operational growth and value creation. Cannae’s investment strategy emphasizes companies in data and analytics, marketing services, healthcare technology, and payment processing.

Through its portfolio, Cannae holds controlling or significant minority stakes in companies that provide critical software, data and services to corporate clients.