Barclays PLC Boosts Holdings in Cannae Holdings, Inc. (NYSE:CNNE)

Barclays PLC lifted its holdings in shares of Cannae Holdings, Inc. (NYSE:CNNE - Free Report) by 221.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,378 shares of the company's stock after purchasing an additional 65,749 shares during the period. Barclays PLC owned about 0.15% of Cannae worth $1,818,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Oakview Capital Management L.P. acquired a new position in shares of Cannae in the third quarter valued at approximately $67,000. nVerses Capital LLC purchased a new stake in Cannae in the 2nd quarter worth approximately $71,000. Highbridge Capital Management LLC acquired a new position in Cannae in the 2nd quarter valued at $91,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Cannae during the 3rd quarter worth $113,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Cannae by 10.2% during the third quarter. BNP Paribas Financial Markets now owns 12,384 shares of the company's stock worth $236,000 after purchasing an additional 1,150 shares during the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

Cannae Trading Down 0.6 %

Shares of CNNE traded down $0.13 during mid-day trading on Friday, hitting $19.90. The company had a trading volume of 198,371 shares, compared to its average volume of 506,096. Cannae Holdings, Inc. has a 1-year low of $16.94 and a 1-year high of $22.99. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.10. The business's 50-day simple moving average is $20.42 and its 200-day simple moving average is $19.45. The stock has a market cap of $1.25 billion, a PE ratio of -4.14 and a beta of 0.85.

Cannae (NYSE:CNNE - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.22) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.22). The company had revenue of $113.90 million for the quarter, compared to analyst estimates of $105.67 million. Cannae had a negative net margin of 68.61% and a negative return on equity of 8.26%. Cannae's revenue for the quarter was down 20.7% on a year-over-year basis. During the same quarter last year, the business earned ($2.18) EPS. Sell-side analysts forecast that Cannae Holdings, Inc. will post -3.14 earnings per share for the current year.

Cannae Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $0.48 annualized dividend and a yield of 2.41%. Cannae's dividend payout ratio is presently -9.98%.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upped their target price on Cannae from $26.00 to $27.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th.

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.