AQR Capital Management LLC Sells 46,833 Shares of Cannae Holdings, Inc. (NYSE:CNNE)

AQR Capital Management LLC reduced its holdings in Cannae Holdings, Inc. (NYSE:CNNE - Free Report) by 72.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,081 shares of the company's stock after selling 46,833 shares during the quarter. AQR Capital Management LLC's holdings in Cannae were worth $328,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in CNNE. AREX Capital Management LP grew its position in Cannae by 52.2% during the second quarter. AREX Capital Management LP now owns 1,260,539 shares of the company's stock worth $22,866,000 after buying an additional 432,260 shares in the last quarter. Jane Street Group LLC grew its position in Cannae by 429.2% during the first quarter. Jane Street Group LLC now owns 378,182 shares of the company's stock worth $8,411,000 after buying an additional 306,716 shares in the last quarter. Poehling Capital Management INC. grew its position in Cannae by 59.4% during the first quarter. Poehling Capital Management INC. now owns 709,019 shares of the company's stock worth $15,769,000 after buying an additional 264,213 shares in the last quarter. Thompson Siegel & Walmsley LLC grew its position in Cannae by 45.1% during 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 in the last quarter. Finally, Rubric Capital Management LP grew its position in Cannae by 17.8% during the second quarter. Rubric Capital Management LP now owns 1,430,248 shares of the company's stock worth $25,945,000 after buying an additional 216,031 shares in the last quarter. 88.12% of the stock is owned by institutional investors and hedge funds.

Cannae Price Performance

NYSE CNNE traded up $0.74 during trading on Thursday, reaching $19.68. 466,010 shares of the company traded hands, compared to its average volume of 553,110. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.01. The stock's 50 day moving average price is $19.13 and its two-hundred day moving average price is $19.24. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -3.61 and a beta of 0.88. Cannae Holdings, Inc. has a 1-year low of $15.93 and a 1-year high of $22.99.

Cannae (NYSE:CNNE - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The company reported ($2.49) earnings per share for the quarter, missing analysts' consensus estimates of ($0.17) by ($2.32). The company had revenue of $118.00 million for the quarter, compared to analyst estimates of $112.00 million. Cannae had a negative net margin of 93.69% and a negative return on equity of 14.30%. The firm's revenue for the quarter was down 22.8% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.16) earnings per share. As a group, analysts anticipate that Cannae Holdings, Inc. will post -3.03 EPS for the current year.

Cannae Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Monday, September 16th. Cannae's dividend payout ratio (DPR) is currently -8.82%.

About Cannae

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.