Strs Ohio Purchases 31,900 Shares of Cannae Holdings Inc (NYSE:CNNE)

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Strs Ohio lifted its position in Cannae Holdings Inc (NYSE:CNNE) by 797.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 35,900 shares of the company’s stock after purchasing an additional 31,900 shares during the period. Strs Ohio’s holdings in Cannae were worth $1,040,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CNNE. Parallel Advisors LLC purchased a new stake in Cannae in the first quarter worth $71,000. Clark Capital Management Group Inc. purchased a new stake in Cannae in the second quarter worth $209,000. BNP Paribas Arbitrage SA lifted its stake in Cannae by 183.8% in the first quarter. BNP Paribas Arbitrage SA now owns 15,844 shares of the company’s stock worth $384,000 after acquiring an additional 10,262 shares during the period. Raymond James Trust N.A. lifted its stake in Cannae by 28.7% in the first quarter. Raymond James Trust N.A. now owns 16,102 shares of the company’s stock worth $391,000 after acquiring an additional 3,595 shares during the period. Finally, Meeder Asset Management Inc. lifted its stake in Cannae by 586.2% in the first quarter. Meeder Asset Management Inc. now owns 16,277 shares of the company’s stock worth $395,000 after acquiring an additional 13,905 shares during the period. Hedge funds and other institutional investors own 82.02% of the company’s stock.

Shares of CNNE stock opened at $29.65 on Wednesday. The business has a fifty day simple moving average of $28.83. Cannae Holdings Inc has a 52 week low of $15.87 and a 52 week high of $32.03. The stock has a market capitalization of $2.17 billion, a price-to-earnings ratio of 42.97 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.18 and a quick ratio of 1.02.

Cannae (NYSE:CNNE) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.21. Cannae had a return on equity of 7.82% and a net margin of 6.21%. The company had revenue of $285.10 million during the quarter, compared to analyst estimates of $281.25 million. During the same quarter last year, the firm posted ($0.28) earnings per share. The firm’s revenue was down 5.7% on a year-over-year basis. As a group, research analysts predict that Cannae Holdings Inc will post -0.3 EPS for the current year.

A number of brokerages recently commented on CNNE. TheStreet raised Cannae from a “c” rating to a “b-” rating in a research note on Thursday, August 8th. Zacks Investment Research raised Cannae from a “sell” rating to a “hold” rating in a research note on Tuesday, July 9th.

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.

See Also: Commodities

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Institutional Ownership by Quarter for Cannae (NYSE:CNNE)

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