Entropy Technologies LP Invests $304,000 in Cannae Holdings, Inc. (NYSE:CNNE)

Entropy Technologies LP purchased a new position in Cannae Holdings, Inc. (NYSE:CNNE - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,291 shares of the company's stock, valued at approximately $304,000.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Cannae by 10.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 454,688 shares of the company's stock valued at $8,666,000 after purchasing an additional 44,691 shares during the period. Barclays PLC boosted its position in shares of Cannae by 221.9% in the third quarter. Barclays PLC now owns 95,378 shares of the company's stock valued at $1,818,000 after acquiring an additional 65,749 shares during the period. Spire Wealth Management bought a new stake in shares of Cannae in the fourth quarter valued at approximately $45,000. State Street Corp grew its stake in shares of Cannae by 1.6% in the third quarter. State Street Corp now owns 1,605,351 shares of the company's stock worth $30,598,000 after acquiring an additional 25,403 shares during the last quarter. Finally, Private Management Group Inc. bought a new position in Cannae during the fourth quarter worth $16,643,000. Institutional investors own 88.12% of the company's stock.

Cannae Stock Performance

CNNE traded up $0.20 on Monday, hitting $19.80. 234,096 shares of the stock traded hands, compared to its average volume of 233,525. The business has a fifty day moving average price of $19.64 and a two-hundred day moving average price of $19.68. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $1.24 billion, a PE ratio of -4.12 and a beta of 0.86. Cannae Holdings, Inc. has a 52 week low of $16.94 and a 52 week high of $22.99.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada increased their price target on shares of Cannae from $26.00 to $27.00 and gave the company an "outperform" rating in a report 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.