Quantbot Technologies LP Sells 32,678 Shares of Cannae Holdings, Inc. (NYSE:CNNE)

Quantbot Technologies LP decreased its holdings in Cannae Holdings, Inc. (NYSE:CNNE - Free Report) by 49.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,258 shares of the company's stock after selling 32,678 shares during the quarter. Quantbot Technologies LP owned 0.05% of Cannae worth $634,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC lifted its position in 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 purchasing an additional 397,352 shares during the period. Mirabella Financial Services LLP increased its position in shares of Cannae by 42.7% in the 3rd quarter. Mirabella Financial Services LLP now owns 55,772 shares of the company's stock valued at $1,063,000 after buying an additional 16,681 shares in the last quarter. Intech Investment Management LLC bought a new stake in Cannae in the 3rd quarter valued at $244,000. Oakview Capital Management L.P. bought a new stake in Cannae during the 3rd quarter worth about $67,000. Finally, Oppenheimer Asset Management Inc. lifted its stake in Cannae by 37.3% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 14,866 shares of the company's stock valued at $283,000 after purchasing an additional 4,039 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised their price objective on Cannae from $26.00 to $27.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th.

Cannae Price Performance

Cannae stock traded down $0.34 during mid-day trading on Tuesday, hitting $21.32. 88,300 shares of the company traded hands, compared to its average volume of 522,158. The stock has a fifty day moving average price of $19.84 and a 200-day moving average price of $19.23. Cannae Holdings, Inc. has a one year low of $16.94 and a one year high of $22.99. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.10.

Cannae (NYSE:CNNE - Get Free Report) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($0.22) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.22). Cannae had a negative net margin of 68.61% and a negative return on equity of 8.26%. The business had revenue of $113.90 million for the quarter, compared to analysts' expectations of $105.67 million. During the same quarter in the prior year, the company earned ($2.18) earnings per share. The business's revenue was down 20.7% compared to the same quarter last year. Analysts forecast that Cannae Holdings, Inc. will post -2.97 EPS for the current year.

Cannae Announces Dividend

The company 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 is Tuesday, December 17th. This represents a $0.48 annualized dividend and a yield of 2.25%. Cannae's payout ratio is currently -9.98%.

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.