Cannae (NYSE:CNNE - Free Report) had its price objective lowered by Oppenheimer from $27.00 to $22.00 in a research note released on Friday morning, Marketbeat Ratings reports. The firm currently has an outperform rating on the stock.
Separately, Royal Bank of Canada decreased their price objective on shares of Cannae from $27.00 to $23.00 and set an "outperform" rating for the company in a research report on Wednesday, February 26th.
Read Our Latest Analysis on CNNE
Cannae Trading Down 3.0 %
Shares of CNNE stock traded down $0.51 during trading hours on Friday, hitting $16.35. The company had a trading volume of 1,071,011 shares, compared to its average volume of 445,209. 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 stock has a market capitalization of $1.03 billion, a PE ratio of -3.40 and a beta of 0.86. The company's fifty day moving average is $19.31 and its 200 day moving average is $19.65. Cannae has a fifty-two week low of $16.32 and a fifty-two week high of $22.99.
Cannae Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.94%. Cannae's payout ratio is -10.17%.
Institutional Investors Weigh In On Cannae
Hedge funds have recently made changes to their positions in the business. Spire Wealth Management purchased a new stake in shares of Cannae during the fourth quarter worth approximately $45,000. Oakview Capital Management L.P. purchased a new stake in shares of Cannae in the 3rd quarter worth about $67,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Cannae in the fourth quarter valued at approximately $76,000. R Squared Ltd acquired a new position in shares of Cannae in the fourth quarter worth $78,000. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in Cannae by 133.0% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 4,268 shares of the company's stock valued at $85,000 after purchasing an additional 2,436 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company's stock.
Cannae Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Cannae, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cannae wasn't on the list.
While Cannae currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for March 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
