Cannae Holdings Inc (NYSE:CNNE) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Analysts have set a 1 year consensus price objective of $31.50 for the company and are anticipating that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given Cannae an industry rank of 26 out of 256 based on the ratings given to related companies.
A number of equities analysts have recently commented on CNNE shares. Zacks Investment Research cut Cannae from a “buy” rating to a “hold” rating in a report on Wednesday, May 15th. TheStreet upgraded Cannae from a “c” rating to a “b” rating in a report on Friday, March 15th. Finally, ValuEngine cut Cannae from a “strong-buy” rating to a “buy” rating in a report on Monday, February 4th.
NYSE CNNE traded up $0.07 during trading on Tuesday, hitting $26.23. 776 shares of the stock traded hands, compared to its average volume of 229,231. The stock has a market capitalization of $1.88 billion, a PE ratio of 37.97 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.18 and a quick ratio of 2.68. Cannae has a 12-month low of $15.87 and a 12-month high of $26.90.
Cannae (NYSE:CNNE) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.13). The firm had revenue of $274.50 million for the quarter, compared to analysts’ expectations of $296.85 million. Cannae had a net margin of 2.89% and a return on equity of 4.65%. The business’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) EPS. On average, analysts anticipate that Cannae will post 0.19 EPS for the current fiscal year.
In other Cannae news, Director Richard N. Massey acquired 20,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was bought at an average price of $25.15 per share, for a total transaction of $503,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.90% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Trust N.A. increased its position in Cannae by 4.8% during the 4th quarter. Raymond James Trust N.A. now owns 12,507 shares of the company’s stock valued at $214,000 after buying an additional 568 shares in the last quarter. PNC Financial Services Group Inc. increased its position in Cannae by 13.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,816 shares of the company’s stock valued at $133,000 after buying an additional 949 shares in the last quarter. Gamco Investors INC. ET AL increased its position in Cannae by 4.4% during the 1st quarter. Gamco Investors INC. ET AL now owns 23,700 shares of the company’s stock valued at $575,000 after buying an additional 1,000 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in Cannae by 7.1% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 18,173 shares of the company’s stock valued at $311,000 after buying an additional 1,197 shares in the last quarter. Finally, Ameritas Investment Corp purchased a new stake in Cannae during the 1st quarter valued at about $30,000. Institutional investors own 82.54% of the company’s stock.
Cannae Company Profile
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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