Cannae (NYSE:CNNE - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by analysts at Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.
Several other analysts also recently issued reports on CNNE. Royal Bank Of Canada upped their price target on shares of Cannae from $22.00 to $26.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Zacks Research lowered shares of Cannae from a "hold" rating to a "strong sell" rating in a research report on Thursday, September 11th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $24.00.
Check Out Our Latest Report on Cannae
Cannae Stock Performance
Shares of Cannae stock traded up $0.24 on Tuesday, reaching $18.77. 164,471 shares of the stock were exchanged, compared to its average volume of 661,648. The firm has a market capitalization of $1.05 billion, a PE ratio of -2.80 and a beta of 1.09. Cannae has a 1-year low of $15.91 and a 1-year high of $22.36. The business has a fifty day moving average price of $18.74 and a two-hundred day moving average price of $19.04. The company has a current ratio of 2.78, a quick ratio of 2.78 and a debt-to-equity ratio of 0.05.
Insider Activity
In other news, Director Frank R. Martire sold 26,478 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $18.43, for a total value of $487,989.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 10.90% of the stock is owned by insiders.
Institutional Investors Weigh In On Cannae
Several large investors have recently made changes to their positions in CNNE. Park Avenue Securities LLC boosted its stake in shares of Cannae by 6.3% in the first quarter. Park Avenue Securities LLC now owns 13,089 shares of the company's stock valued at $240,000 after purchasing an additional 777 shares during the period. Spire Wealth Management boosted its stake in shares of Cannae by 81.4% in the first quarter. Spire Wealth Management now owns 4,100 shares of the company's stock valued at $75,000 after purchasing an additional 1,840 shares during the period. Poehling Capital Management INC. boosted its stake in Cannae by 6.9% during the 1st quarter. Poehling Capital Management INC. now owns 773,490 shares of the company's stock valued at $14,178,000 after acquiring an additional 50,025 shares during the last quarter. Jump Financial LLC bought a new position in Cannae during the 1st quarter valued at $261,000. Finally, Trexquant Investment LP bought a new position in Cannae during the 1st quarter valued at $795,000. Institutional investors and hedge funds own 88.12% of the company's stock.
Cannae Company Profile
(
Get Free Report)
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 was founded in 2014 and is based in Las Vegas, Nevada.
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