C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $76,000 in Cannae Holdings, Inc. (NYSE:CNNE)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Cannae Holdings, Inc. (NYSE:CNNE) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,836 shares of the company’s stock, valued at approximately $76,000.

Several other institutional investors have also recently modified their holdings of CNNE. Spire Wealth Management purchased a new position in shares of Cannae in the fourth quarter worth about $45,000. Oakview Capital Management L.P. acquired a new stake in Cannae during the third quarter worth about $67,000. R Squared Ltd acquired a new stake in Cannae during the fourth quarter worth about $78,000. Blue Trust Inc. grew its holdings in Cannae by 457.9% during the fourth quarter. Blue Trust Inc. now owns 4,949 shares of the company’s stock worth $94,000 after acquiring an additional 4,062 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Cannae during the third quarter worth about $113,000. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Cannae Stock Up 1.0 %

Cannae stock opened at $19.80 on Friday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -4.12 and a beta of 0.86. Cannae Holdings, Inc. has a 52 week low of $16.94 and a 52 week high of $22.99. The business’s 50-day moving average price is $19.68 and its 200 day moving average price is $19.69. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.10.

Cannae (NYSE:CNNE) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.22) EPS for the quarter, meeting the consensus estimate of ($0.22). Cannae had a negative return on equity of 8.26% and a negative net margin of 68.61%. The company had revenue of $113.90 million for the quarter, compared to analyst estimates of $105.67 million. During the same period last year, the company earned ($2.18) earnings per share. Cannae’s quarterly revenue was down 20.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cannae Holdings, Inc. will post -3.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised 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 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.