Cannae Holdings Inc (NYSE:CNNE) – Equities research analysts at Piper Jaffray Companies decreased their Q4 2019 EPS estimates for shares of Cannae in a research note issued on Friday, June 14th. Piper Jaffray Companies analyst J. Deleeuw now expects that the company will earn $0.09 per share for the quarter, down from their previous estimate of $0.11.
Several other analysts have also recently issued reports on CNNE. Zacks Investment Research upgraded Cannae from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research report on Thursday, March 14th. TheStreet upgraded Cannae from a “c” rating to a “b” rating in a research report on Friday, March 15th.
Cannae (NYSE:CNNE) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.13). Cannae had a return on equity of 4.65% and a net margin of 2.89%. The company had revenue of $274.50 million during the quarter, compared to the consensus estimate of $296.85 million. During the same period last year, the business earned ($0.02) EPS. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the stock. FMR LLC grew its holdings in Cannae by 158.9% during the 4th quarter. FMR LLC now owns 2,936,463 shares of the company’s stock valued at $50,273,000 after buying an additional 1,802,072 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Cannae by 5.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,777,406 shares of the company’s stock valued at $47,548,000 after buying an additional 155,878 shares in the last quarter. Ancora Advisors LLC grew its holdings in Cannae by 8.4% during the 4th quarter. Ancora Advisors LLC now owns 1,028,181 shares of the company’s stock valued at $17,603,000 after buying an additional 79,727 shares in the last quarter. Norges Bank purchased a new position in Cannae during the 4th quarter valued at approximately $15,439,000. Finally, Northern Trust Corp grew its holdings in Cannae by 0.9% during the 4th quarter. Northern Trust Corp now owns 792,997 shares of the company’s stock valued at $13,575,000 after buying an additional 6,919 shares in the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.
In other Cannae news, Director Richard N. Massey bought 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $25.15 per share, for a total transaction of $503,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 4.90% of the company’s stock.
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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