River Road Asset Management LLC Purchases 50,150 Shares of Cannae Holdings, Inc. (NYSE:CNNE)

River Road Asset Management LLC grew its holdings in Cannae Holdings, Inc. (NYSE:CNNE - Free Report) by 0.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,665,103 shares of the company's stock after acquiring an additional 50,150 shares during the quarter. Cannae accounts for approximately 1.4% of River Road Asset Management LLC's investment portfolio, making the stock its 19th biggest position. River Road Asset Management LLC owned about 9.03% of Cannae worth $107,977,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CNNE. Oppenheimer Asset Management Inc. lifted its position in Cannae by 3.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 14,071 shares of the company's stock worth $313,000 after purchasing an additional 498 shares during the period. ProShare Advisors LLC boosted its stake in shares of Cannae by 4.6% in the 1st quarter. ProShare Advisors LLC now owns 11,894 shares of the company's stock valued at $265,000 after purchasing an additional 523 shares in the last quarter. EntryPoint Capital LLC boosted its stake in shares of Cannae by 48.9% in the 1st quarter. EntryPoint Capital LLC now owns 1,629 shares of the company's stock valued at $36,000 after purchasing an additional 535 shares in the last quarter. Sei Investments Co. boosted its stake in shares of Cannae by 1.7% in the 1st quarter. Sei Investments Co. now owns 44,237 shares of the company's stock valued at $984,000 after purchasing an additional 756 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Cannae by 1.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 61,725 shares of the company's stock valued at $1,373,000 after purchasing an additional 900 shares in the last quarter. Institutional investors own 88.12% of the company's stock.

Cannae Trading Up 1.7 %

NYSE:CNNE traded up $0.33 during mid-day trading on Tuesday, hitting $20.27. 254,771 shares of the company's stock were exchanged, compared to its average volume of 540,120. The company has a 50 day simple moving average of $19.16 and a 200-day simple moving average of $19.12. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. Cannae Holdings, Inc. has a fifty-two week low of $16.53 and a fifty-two week high of $22.99. The firm has a market capitalization of $1.27 billion, a P/E ratio of -2.99 and a beta of 0.87.

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

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.