Richard N. Massey Sells 23,050 Shares of Cannae Holdings, Inc. (NYSE:CNNE) Stock

Cannae Holdings, Inc. (NYSE:CNNE - Get Free Report) CEO Richard N. Massey sold 23,050 shares of the company's stock in a transaction on Friday, April 5th. The stock was sold at an average price of $20.57, for a total transaction of $474,138.50. Following the completion of the transaction, the chief executive officer now owns 404,367 shares of the company's stock, valued at $8,317,829.19. The sale was disclosed in a filing with the SEC, which is available at this link.

Cannae Stock Up 1.4 %

Shares of Cannae stock traded up $0.30 during trading on Tuesday, hitting $21.25. The company's stock had a trading volume of 676,149 shares, compared to its average volume of 777,810. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.65 and a current ratio of 1.65. The company has a fifty day simple moving average of $21.47 and a two-hundred day simple moving average of $19.70. The company has a market capitalization of $1.54 billion, a PE ratio of -5.03 and a beta of 0.89. Cannae Holdings, Inc. has a 52 week low of $15.93 and a 52 week high of $22.99.

Cannae (NYSE:CNNE - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.66) by ($0.17). The business had revenue of $119.30 million during the quarter, compared to the consensus estimate of $133.50 million. Cannae had a negative return on equity of 12.31% and a negative net margin of 53.86%. Equities research analysts predict that Cannae Holdings, Inc. will post -0.93 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Oppenheimer upped their price objective on shares of Cannae from $25.00 to $27.00 and gave the stock an "outperform" rating in a report on Wednesday, March 6th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Comerica Bank bought a new stake in Cannae during the 2nd quarter valued at about $150,000. Simplex Trading LLC bought a new stake in Cannae during the 4th quarter valued at about $27,000. Principal Securities Inc. bought a new stake in Cannae during the 4th quarter valued at about $36,000. Point72 Hong Kong Ltd increased its stake in Cannae by 66.4% during the 1st quarter. Point72 Hong Kong Ltd now owns 2,632 shares of the company's stock valued at $63,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new stake in Cannae during the 2nd quarter valued at about $55,000. 88.12% of the stock is currently owned by institutional investors.

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

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