Cannae (CNNE) Sets New 52-Week High and Low at $20.95

Cannae Holdings (NYSE:CNNE) reached a new 52-week high and low during mid-day trading on Thursday . The stock traded as low as $20.95 and last traded at $20.68, with a volume of 1639768 shares trading hands. The stock had previously closed at $20.34.

Several research firms recently issued reports on CNNE. TheStreet lowered Cannae from a “b-” rating to a “d+” rating in a research note on Tuesday, January 16th. Zacks Investment Research raised Cannae from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Finally, ValuEngine raised Cannae from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 5th.

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.40 and a quick ratio of 1.28. The company has a market capitalization of $1,458.00, a PE ratio of 13.21 and a beta of 0.63.

Cannae (NYSE:CNNE) last issued its quarterly earnings results on Wednesday, March 14th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.20. Cannae had a return on equity of 2.21% and a net margin of 7.37%. The firm had revenue of $317.40 million during the quarter. equities analysts predict that Cannae Holdings will post -0.41 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of CNNE. Advisor Group Inc. bought a new stake in Cannae during the fourth quarter worth about $118,000. United Fire Group Inc. bought a new stake in Cannae during the fourth quarter worth about $126,000. Meeder Asset Management Inc. bought a new stake in Cannae during the fourth quarter worth about $154,000. Virtu Financial LLC bought a new stake in Cannae during the fourth quarter worth about $225,000. Finally, Paloma Partners Management Co bought a new stake in Cannae during the fourth quarter worth about $225,000. 79.28% of the stock is owned by hedge funds and other institutional investors.

Cannae Company 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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