Quantinno Capital Management LP Purchases 58,726 Shares of Cannae Holdings, Inc. $CNNE

Quantinno Capital Management LP grew its position in Cannae Holdings, Inc. (NYSE:CNNE) by 231.0% in the 1st quarter, Holdings Channel reports. The institutional investor owned 84,147 shares of the company’s stock after purchasing an additional 58,726 shares during the period. Quantinno Capital Management LP’s holdings in Cannae were worth $957,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC acquired a new position in shares of Cannae during the first quarter valued at $50,000. Quantbot Technologies LP bought a new position in Cannae in the second quarter valued at about $62,000. Kelleher Financial Advisors acquired a new stake in Cannae in the third quarter worth about $73,000. Eurizon Capital SGR S.p.A. acquired a new stake in Cannae in the fourth quarter worth about $85,000. Finally, CWM LLC raised its holdings in Cannae by 79.9% during the 4th quarter. CWM LLC now owns 7,313 shares of the company’s stock worth $115,000 after purchasing an additional 3,248 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

Cannae Stock Down 0.1%

NYSE:CNNE opened at $14.61 on Monday. Cannae Holdings, Inc. has a 12-month low of $10.46 and a 12-month high of $19.88. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $633.68 million, a P/E ratio of -4.84 and a beta of 1.20. The stock’s fifty day simple moving average is $14.55 and its 200-day simple moving average is $13.53.

Cannae (NYSE:CNNE) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $1.28. The business had revenue of $102.20 million during the quarter, compared to analysts’ expectations of $99.65 million. Cannae had a negative return on equity of 14.10% and a negative net margin of 38.18%.

Cannae Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 4.1%. Cannae’s dividend payout ratio (DPR) is -19.87%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Stephens restated an “overweight” rating and set a $17.00 target price on shares of Cannae in a research report on Thursday, April 23rd. Royal Bank Of Canada reiterated an “outperform” rating and set a $16.00 price target on shares of Cannae in a research report on Tuesday, August 11th. Wall Street Zen raised shares of Cannae from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cannae in a report on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $16.50.

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.