California State Teachers Retirement System Invests $1.66 Million in Cannae Holdings Inc (CNNE) Stock

California State Teachers Retirement System purchased a new stake in shares of Cannae Holdings Inc (NYSE:CNNE) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 97,468 shares of the company’s stock, valued at approximately $1,660,000. California State Teachers Retirement System owned about 0.14% of Cannae as of its most recent filing with the SEC.

A number of other hedge funds also recently added to or reduced their stakes in CNNE. Fidelity National Financial Inc. bought a new position in shares of Cannae during the 4th quarter worth approximately $97,175,000. BlackRock Inc. bought a new position in shares of Cannae during the 4th quarter worth approximately $84,135,000. River Road Asset Management LLC bought a new position in shares of Cannae during the 4th quarter worth approximately $54,050,000. Bank of New York Mellon Corp bought a new position in shares of Cannae during the 4th quarter worth approximately $41,554,000. Finally, Lionstone Capital Management LLC bought a new position in shares of Cannae during the 4th quarter worth approximately $24,412,000. Institutional investors and hedge funds own 79.11% of the company’s stock.

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NYSE:CNNE opened at $18.77 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.28 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1,320.39, a P/E ratio of 12.19 and a beta of 0.63. Cannae Holdings Inc has a 12 month low of $16.16 and a 12 month high of $19.58.

Cannae (NYSE:CNNE) last posted its quarterly earnings results on Wednesday, March 14th. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.20. The company had revenue of $317.40 million for the quarter. Cannae had a net margin of 7.37% and a return on equity of 2.21%. sell-side analysts expect that Cannae Holdings Inc will post -0.28 EPS for the current year.

A number of equities research analysts recently commented on CNNE shares. ValuEngine raised shares of Cannae from a “buy” rating to a “strong-buy” rating in a report on Monday, February 5th. Zacks Investment Research raised shares of Cannae from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Finally, TheStreet cut shares of Cannae from a “b-” rating to a “d+” rating in a report on Tuesday, January 16th.

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About Cannae

Cannae Holdings, Inc is a diversified holding company. The Company has investments in a variety of industries including Restaurants, Technology Enabled Healthcare Services, Financial Services and more. The Company holds majority and minority equity investment stakes in a number of entities, including Ceridian Holdings, LLC, American Blue Ribbon Holdings, and LLC and T-System Holding LLC.

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Institutional Ownership by Quarter for Cannae (NYSE:CNNE)

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