Cannae Holdings, Inc. (NYSE:CNNE - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.99 and last traded at $22.58, with a volume of 204601 shares traded. The stock had previously closed at $22.51.
Analyst Upgrades and Downgrades
Separately, Oppenheimer raised their price target on shares of Cannae from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Wednesday, March 6th.
Check Out Our Latest Stock Analysis on Cannae
Cannae Stock Down 0.4 %
The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.63 billion, a PE ratio of -5.32 and a beta of 0.89. The stock's fifty day simple moving average is $21.47 and its 200-day simple moving average is $19.66.
Cannae (NYSE:CNNE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 21st. The company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.66) by ($0.17). The firm had revenue of $119.30 million for the quarter, compared to analysts' expectations of $133.50 million. Cannae had a negative return on equity of 12.31% and a negative net margin of 53.86%. As a group, sell-side analysts forecast that Cannae Holdings, Inc. will post -0.93 EPS for the current fiscal year.
Hedge Funds Weigh In On Cannae
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SRS Capital Advisors Inc. raised its stake in Cannae by 22.2% in the 3rd quarter. SRS Capital Advisors Inc. now owns 3,679 shares of the company's stock valued at $69,000 after acquiring an additional 669 shares during the period. Legal & General Group Plc raised its position in Cannae by 0.3% in the 3rd quarter. Legal & General Group Plc now owns 233,346 shares of the company's stock worth $4,350,000 after purchasing an additional 708 shares during the period. Shayne & Jacobs LLC increased its position in shares of Cannae by 0.9% in the fourth quarter. Shayne & Jacobs LLC now owns 82,706 shares of the company's stock valued at $1,614,000 after acquiring an additional 710 shares during the period. Comerica Bank purchased a new position in shares of Cannae in the second quarter valued at about $150,000. Finally, MetLife Investment Management LLC increased its position in shares of Cannae by 2.4% in the second quarter. MetLife Investment Management LLC now owns 37,207 shares of the company's stock valued at $752,000 after acquiring an additional 866 shares during the period. 88.12% of the stock is owned by hedge funds and other institutional investors.
About Cannae
(
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.
See Also
Before you consider Cannae, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cannae wasn't on the list.
While Cannae currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
