XTX Topco Ltd Has $1.13 Million Stock Position in Cannae Holdings, Inc. (NYSE:CNNE)

Key Points

• XTX Topco Ltd significantly increased its stake in Cannae Holdings, Inc. by 470.9% in the first quarter, owning approximately 61,541 shares valued at $1.13 million.
• Cannae reported a negative EPS of $0.59 in its most recent earnings, missing analyst expectations and reflecting a 6.8% decline in revenue compared to the previous year.
• Royal Bank of Canada has raised Cannae's target price from $22.00 to $26.00, issuing an "outperform" rating for the company, indicating positive sentiment among analysts.

XTX Topco Ltd boosted its holdings in shares of Cannae Holdings, Inc. (NYSE:CNNE - Free Report) by 470.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,541 shares of the company's stock after buying an additional 50,762 shares during the period. XTX Topco Ltd owned approximately 0.10% of Cannae worth $1,128,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Continental Advisors LLC raised its position in Cannae by 0.3% during the fourth quarter. Continental Advisors LLC now owns 239,623 shares of the company's stock valued at $4,759,000 after buying an additional 624 shares during the period. Park Avenue Securities LLC raised its position in Cannae by 6.3% during the first quarter. Park Avenue Securities LLC now owns 13,089 shares of the company's stock valued at $240,000 after buying an additional 777 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Cannae by 3.7% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,060 shares of the company's stock valued at $637,000 after buying an additional 1,151 shares during the period. Crescent Grove Advisors LLC raised its position in Cannae by 0.4% during the first quarter. Crescent Grove Advisors LLC now owns 325,479 shares of the company's stock valued at $5,966,000 after buying an additional 1,259 shares during the period. Finally, Spire Wealth Management raised its position in Cannae by 81.4% during the first quarter. Spire Wealth Management now owns 4,100 shares of the company's stock valued at $75,000 after buying an additional 1,840 shares during the period. 88.12% of the stock is owned by institutional investors and hedge funds.

Cannae Stock Performance

Shares of NYSE CNNE opened at $20.71 on Friday. The business's 50-day moving average price is $20.45 and its two-hundred day moving average price is $19.06. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.19 and a quick ratio of 4.19. Cannae Holdings, Inc. has a one year low of $15.91 and a one year high of $22.36. The company has a market capitalization of $1.30 billion, a P/E ratio of -3.94 and a beta of 1.06.

Cannae (NYSE:CNNE - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.59) EPS for the quarter, missing analysts' consensus estimates of ($0.56) by ($0.03). Cannae had a negative net margin of 73.64% and a negative return on equity of 4.86%. The firm had revenue of $103.20 million during the quarter, compared to analysts' expectations of $105.30 million. During the same quarter last year, the firm earned ($1.27) EPS. The business's revenue for the quarter was down 6.8% compared to the same quarter last year. Analysts anticipate that Cannae Holdings, Inc. will post -3.14 earnings per share for the current fiscal year.

Cannae Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $0.12 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.48 dividend on an annualized basis and a yield of 2.3%. Cannae's payout ratio is -9.13%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada boosted their target price on Cannae from $22.00 to $26.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th.

Cannae 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 was founded in 2014 and is based in Las Vegas, Nevada.

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