Cannae (NYSE:CNNE) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c-” rating in a report released on Thursday.
A number of other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Cannae from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Thursday, May 31st. ValuEngine lowered shares of Cannae from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 16th.
Shares of Cannae stock opened at $19.72 on Thursday. Cannae has a 52-week low of $16.16 and a 52-week high of $21.34. The company has a current ratio of 1.69, a quick ratio of 1.33 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.41 billion, a PE ratio of 12.81 and a beta of 0.59.
Cannae (NYSE:CNNE) last issued its quarterly earnings results 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 return on equity of 1.37% and a negative net margin of 2.53%. The firm had revenue of $303.90 million for the quarter, compared to analyst estimates of $308.00 million. The company’s revenue for the quarter was up 10.0% compared to the same quarter last year. equities analysts anticipate that Cannae will post -0.31 earnings per share for the current fiscal year.
In related news, Director Richard N. Massey bought 39,000 shares of the stock in a transaction on Wednesday, August 15th. The shares were bought at an average cost of $18.70 per share, for a total transaction of $729,300.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.90% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. NumerixS Investment Technologies Inc acquired a new position in Cannae during the second quarter worth about $109,000. GSA Capital Partners LLP acquired a new position in Cannae during the first quarter worth about $201,000. Cornerstone Wealth Management LLC acquired a new position in Cannae during the second quarter worth about $626,000. Hikari Power Ltd acquired a new position in Cannae during the second quarter worth about $249,000. Finally, Cambria Investment Management L.P. acquired a new position in Cannae during the second quarter worth about $253,000. Institutional investors own 80.02% of the company’s stock.
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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