Strategic Financial Concepts LLC purchased a new position in shares of Cannae Holdings, Inc. (NYSE:CNNE - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,126 shares of the company's stock, valued at approximately $281,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in shares of Cannae by 10.9% during the third quarter. JPMorgan Chase & Co. now owns 454,688 shares of the company's stock worth $8,666,000 after buying an additional 44,691 shares in the last quarter. Barclays PLC increased its holdings in shares of Cannae by 221.9% during the third quarter. Barclays PLC now owns 95,378 shares of the company's stock worth $1,818,000 after buying an additional 65,749 shares in the last quarter. Spire Wealth Management acquired a new stake in shares of Cannae during the fourth quarter worth approximately $45,000. State Street Corp increased its holdings in shares of Cannae by 1.6% during the third quarter. State Street Corp now owns 1,605,351 shares of the company's stock worth $30,598,000 after buying an additional 25,403 shares in the last quarter. Finally, Private Management Group Inc. acquired a new stake in shares of Cannae during the fourth quarter worth approximately $16,643,000. Institutional investors own 88.12% of the company's stock.
Analyst Ratings Changes
Separately, Royal Bank of Canada raised their price objective on shares of Cannae from $26.00 to $27.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th.
Read Our Latest Stock Report on Cannae
Cannae Trading Down 1.7 %
CNNE traded down $0.34 during trading on Friday, reaching $19.16. 337,059 shares of the company's stock were exchanged, compared to its average volume of 284,675. The company's fifty day moving average price is $19.59 and its 200-day moving average price is $19.68. The firm has a market capitalization of $1.20 billion, a PE ratio of -3.98 and a beta of 0.86. Cannae Holdings, Inc. has a fifty-two week low of $16.94 and a fifty-two week high of $22.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.55 and a current ratio of 2.55.
Cannae Profile
(
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.
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