Cannae Holdings, Inc. $CNNE Stake Boosted by Poehling Capital Management INC.

Poehling Capital Management INC. raised its stake in Cannae Holdings, Inc. (NYSE:CNNE) by 46.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 954,190 shares of the company’s stock after purchasing an additional 302,494 shares during the quarter. Cannae accounts for 2.3% of Poehling Capital Management INC.’s portfolio, making the stock its 10th biggest position. Poehling Capital Management INC. owned 2.06% of Cannae worth $10,849,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Private Management Group Inc. increased its stake in shares of Cannae by 5.9% in the third quarter. Private Management Group Inc. now owns 1,679,660 shares of the company’s stock worth $30,755,000 after buying an additional 94,002 shares during the period. Almitas Capital LLC boosted its position in Cannae by 73.4% during the 3rd quarter. Almitas Capital LLC now owns 556,688 shares of the company’s stock valued at $10,193,000 after buying an additional 235,702 shares during the period. JPMorgan Chase & Co. grew its holdings in Cannae by 83.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 289,963 shares of the company’s stock worth $5,309,000 after acquiring an additional 132,166 shares during the last quarter. BW Gestao de Investimentos Ltda. bought a new stake in Cannae in the 3rd quarter worth $1,300,000. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of Cannae by 17.9% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 950,378 shares of the company’s stock valued at $14,949,000 after acquiring an additional 144,570 shares during the period. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Stephens reaffirmed an “overweight” rating and set a $17.00 price objective on shares of Cannae in a research note on Thursday, April 23rd. Royal Bank Of Canada restated an “outperform” rating on shares of Cannae in a report on Tuesday, May 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cannae in a research report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cannae presently has a consensus rating of “Hold” and a consensus price target of $17.00.

Cannae Stock Performance

Shares of CNNE stock opened at $14.45 on Friday. The firm has a market capitalization of $635.11 million, a price-to-earnings ratio of -1.85 and a beta of 1.19. The stock has a fifty day moving average of $13.82 and a 200 day moving average of $13.85. Cannae Holdings, Inc. has a 52 week low of $10.46 and a 52 week high of $21.96. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.07.

Cannae (NYSE:CNNE) last issued its quarterly earnings data on Monday, May 11th. The company reported ($0.70) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.40) by ($0.30). Cannae had a negative net margin of 103.77% and a negative return on equity of 36.53%. The company had revenue of $96.20 million for the quarter, compared to analysts’ expectations of $99.77 million. During the same period in the previous year, the firm posted ($1.81) earnings per share. The firm’s revenue for the quarter was down 6.8% compared to the same quarter last year. As a group, research analysts expect that Cannae Holdings, Inc. will post -2.4 earnings per share for the current year.

Cannae Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, June 16th. This represents a $0.60 annualized dividend and a dividend yield of 4.2%. Cannae’s payout ratio is currently -7.68%.

Cannae Profile

Cannae Holdings, Inc (NYSE: CNNE) is a publicly traded diversified holding company that focuses on partnering with and investing in businesses across a range of industry sectors. The company seeks to identify attractive opportunities in both private and public markets, leveraging its capital resources and management expertise to support operational growth and value creation. Cannae’s investment strategy emphasizes companies in data and analytics, marketing services, healthcare technology, and payment processing.

Through its portfolio, Cannae holds controlling or significant minority stakes in companies that provide critical software, data and services to corporate clients.