Cannae Holdings, Inc. (NYSE:CNNE) Shares Sold by Jane Street Group LLC

Jane Street Group LLC lowered its position in Cannae Holdings, Inc. (NYSE:CNNE - Free Report) by 35.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,080 shares of the company's stock after selling 36,250 shares during the quarter. Jane Street Group LLC owned 0.10% of Cannae worth $1,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CNNE. Driehaus Capital Management LLC acquired a new stake in shares of Cannae in the second quarter worth $18,611,000. AREX Capital Management LP raised its position in Cannae by 52.2% in the second quarter. AREX Capital Management LP now owns 1,260,539 shares of the company's stock valued at $22,866,000 after purchasing an additional 432,260 shares during the period. FMR LLC boosted its position in shares of Cannae by 17.6% in the third quarter. FMR LLC now owns 2,653,854 shares of the company's stock worth $50,582,000 after buying an additional 397,352 shares during the period. Thompson Siegel & Walmsley LLC boosted its position in shares of Cannae by 45.1% in the second quarter. Thompson Siegel & Walmsley LLC now owns 723,992 shares of the company's stock worth $13,133,000 after buying an additional 225,161 shares during the period. Finally, Rubric Capital Management LP grew its stake in shares of Cannae by 17.8% in the second quarter. Rubric Capital Management LP now owns 1,430,248 shares of the company's stock valued at $25,945,000 after buying an additional 216,031 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company's stock.

Cannae Stock Down 0.6 %

CNNE traded down $0.13 during trading hours on Friday, reaching $19.90. 198,371 shares of the stock traded hands, compared to its average volume of 506,096. Cannae Holdings, Inc. has a fifty-two week low of $16.94 and a fifty-two week high of $22.99. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -4.14 and a beta of 0.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.55 and a quick ratio of 2.55. The firm's fifty day simple moving average is $20.42 and its two-hundred day simple moving average is $19.46.

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

Cannae Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 17th will be issued 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%.

Analysts Set New Price Targets

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

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.