Sterling Capital Management LLC reduced its position in shares of Cannae Holdings Inc (NYSE:CNNE) by 22.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 191,596 shares of the company’s stock after selling 54,890 shares during the period. Sterling Capital Management LLC’s holdings in Cannae were worth $3,554,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NumerixS Investment Technologies Inc bought a new stake in Cannae in the 2nd quarter valued at $109,000. GSA Capital Partners LLP bought a new stake in Cannae in the 1st quarter valued at $201,000. Hikari Power Ltd bought a new stake in Cannae in the 2nd quarter valued at $249,000. Cambria Investment Management L.P. bought a new stake in Cannae in the 2nd quarter valued at $253,000. Finally, Gamco Investors INC. ET AL bought a new stake in Cannae in the 2nd quarter valued at $273,000. 80.01% of the stock is owned by institutional investors and hedge funds.

In other Cannae news, Director Richard N. Massey acquired 39,000 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was bought at an average price of $18.70 per share, for a total transaction of $729,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.90% of the company’s stock.

CNNE has been the subject of a number of research reports. Zacks Investment Research raised shares of Cannae from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Thursday, May 31st. TheStreet raised shares of Cannae from a “d+” rating to a “c-” rating in a report on Thursday, September 6th. Finally, ValuEngine downgraded shares of Cannae from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 16th.

Shares of CNNE stock opened at $20.20 on Friday. Cannae Holdings Inc has a 52-week low of $16.16 and a 52-week high of $21.34. The firm has a market capitalization of $1.43 billion, a PE ratio of 13.12 and a beta of 0.59. The company has a quick ratio of 1.33, a current ratio of 1.69 and a debt-to-equity ratio of 0.01.

Cannae (NYSE:CNNE) last announced its quarterly earnings data on Monday, August 13th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.18). Cannae had a negative net margin of 2.53% and a negative return on equity of 1.37%. The business had revenue of $303.90 million during the quarter, compared to analyst estimates of $308.00 million. The business’s revenue for the quarter was up 10.0% on a year-over-year basis. equities research analysts forecast that Cannae Holdings Inc will post -0.31 earnings per share for the current year.

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 is based in Las Vegas, Nevada.

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Institutional Ownership by Quarter for Cannae (NYSE:CNNE)

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