Sanctuary Advisors LLC Invests $906,000 in Cannae Holdings, Inc. (NYSE:CNNE)

Sanctuary Advisors LLC bought a new position in Cannae Holdings, Inc. (NYSE:CNNE - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 42,914 shares of the company's stock, valued at approximately $906,000. Sanctuary Advisors LLC owned approximately 0.07% of Cannae at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Innealta Capital LLC acquired a new position in Cannae in the second quarter valued at about $48,000. Oakview Capital Management L.P. bought a new position in shares of Cannae in the third quarter valued at approximately $67,000. nVerses Capital LLC acquired a new position in shares of Cannae in the 2nd quarter worth approximately $71,000. Highbridge Capital Management LLC bought a new stake in Cannae during the 2nd quarter worth approximately $91,000. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Cannae during the 3rd quarter valued at $113,000. Institutional investors own 88.12% of the company's stock.

Analyst Upgrades and Downgrades

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

Cannae Price Performance

CNNE traded down $0.09 during midday trading on Monday, hitting $19.90. The company had a trading volume of 319,931 shares, compared to its average volume of 510,500. Cannae Holdings, Inc. has a twelve month low of $16.94 and a twelve month high of $22.99. The company has a market capitalization of $1.25 billion, a PE ratio of -4.14 and a beta of 0.85. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.55 and a current ratio of 2.55. The firm's 50-day simple moving average is $20.35 and its 200-day simple moving average is $19.40.

Cannae (NYSE:CNNE - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.22) earnings per share for the quarter, meeting 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 during the quarter, compared to analyst estimates of $105.67 million. During the same quarter last year, the business posted ($2.18) earnings per share. Cannae's revenue for the quarter was down 20.7% compared to the same quarter last year. Equities research analysts predict that Cannae Holdings, Inc. will post -3.14 EPS for the current fiscal year.

Cannae Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 17th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Tuesday, December 17th. Cannae's dividend payout ratio (DPR) is presently -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.