14,126 Shares in Cannae Holdings, Inc. (NYSE:CNNE) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new position in shares of Cannae Holdings, Inc. (NYSE:CNNE - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,126 shares of the company's stock, valued at approximately $281,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in Cannae by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 454,688 shares of the company's stock worth $8,666,000 after purchasing an additional 44,691 shares in the last quarter. Barclays PLC increased its holdings in Cannae by 221.9% in the 3rd quarter. Barclays PLC now owns 95,378 shares of the company's stock worth $1,818,000 after purchasing an additional 65,749 shares in the last quarter. Spire Wealth Management acquired a new position in Cannae in the 4th quarter worth about $45,000. State Street Corp increased its holdings in Cannae by 1.6% in the 3rd quarter. State Street Corp now owns 1,605,351 shares of the company's stock worth $30,598,000 after purchasing an additional 25,403 shares in the last quarter. Finally, Private Management Group Inc. acquired a new position in Cannae in the 4th quarter worth about $16,643,000. 88.12% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Cannae Trading Up 1.0 %

Shares of CNNE stock traded up $0.20 on Friday, hitting $19.80. The company had a trading volume of 234,096 shares, compared to its average volume of 233,525. The firm has a market cap of $1.24 billion, a P/E ratio of -4.12 and a beta of 0.86. The stock's 50-day moving average is $19.66 and its two-hundred day moving average is $19.68. 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 Holdings, Inc. has a twelve month low of $16.94 and a twelve month high of $22.99.

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.