Quantamental Technologies LLC Buys Shares of 3,292 Cannae Holdings Inc (NYSE:CNNE)

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Quantamental Technologies LLC purchased a new position in Cannae Holdings Inc (NYSE:CNNE) during the second quarter, Holdings Channel reports. The fund purchased 3,292 shares of the company’s stock, valued at approximately $95,000.

Other large investors also recently modified their holdings of the company. Bank of Montreal Can grew its position in Cannae by 1,123.1% during the second quarter. Bank of Montreal Can now owns 6,189 shares of the company’s stock valued at $180,000 after acquiring an additional 5,683 shares during the last quarter. Athena Capital Advisors LLC purchased a new position in Cannae during the 2nd quarter valued at about $255,000. Wells Fargo & Company MN raised its holdings in shares of Cannae by 21.3% during the second quarter. Wells Fargo & Company MN now owns 222,190 shares of the company’s stock worth $6,440,000 after acquiring an additional 38,983 shares in the last quarter. Crescent Grove Advisors LLC boosted its position in Cannae by 1.2% during the second quarter. Crescent Grove Advisors LLC now owns 117,434 shares of the company’s stock valued at $3,403,000 after purchasing an additional 1,355 shares during the last quarter. Finally, Enterprise Trust & Investment Co acquired a new stake in shares of Cannae during the 2nd quarter valued at about $29,000. 80.55% of the stock is currently owned by hedge funds and other institutional investors.

In other Cannae news, Director Richard N. Massey bought 20,000 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were bought at an average cost of $28.49 per share, for a total transaction of $569,800.00. Following the transaction, the director now owns 203,899 shares in the company, valued at approximately $5,809,082.51. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 7.20% of the company’s stock.

NYSE:CNNE traded up $0.01 during trading hours on Wednesday, hitting $26.65. 9,304 shares of the stock were exchanged, compared to its average volume of 170,500. The company’s 50 day moving average is $28.66 and its two-hundred day moving average is $26.61. Cannae Holdings Inc has a twelve month low of $15.87 and a twelve month high of $32.03. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $2.00 billion, a P/E ratio of 38.65 and a beta of 0.90.

Cannae (NYSE:CNNE) last released its earnings results on Thursday, August 8th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.21. The company had revenue of $285.10 million during the quarter, compared to analysts’ expectations of $281.25 million. Cannae had a return on equity of 7.73% and a net margin of 6.21%. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the firm earned ($0.28) EPS. On average, equities research analysts expect that Cannae Holdings Inc will post -0.71 EPS for the current year.

Several brokerages recently issued reports on CNNE. Zacks Investment Research upgraded shares of Cannae from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th. TheStreet upgraded shares of Cannae from a “c” rating to a “b-” rating in a research report on Thursday, August 8th.

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 is based in Las Vegas, Nevada.

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Institutional Ownership by Quarter for Cannae (NYSE:CNNE)

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