Laurel Wealth Advisors Inc. boosted its stake in shares of Cannae Holdings Inc (NYSE:CNNE) by 20.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,339 shares of the company’s stock after buying an additional 4,031 shares during the period. Laurel Wealth Advisors Inc.’s holdings in Cannae were worth $566,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. FMR LLC boosted its stake in Cannae by 158.9% during the 4th quarter. FMR LLC now owns 2,936,463 shares of the company’s stock valued at $50,273,000 after purchasing an additional 1,802,072 shares during the last quarter. Norges Bank purchased a new stake in Cannae during the 4th quarter valued at $15,439,000. Millennium Management LLC boosted its stake in Cannae by 3,308.5% during the 4th quarter. Millennium Management LLC now owns 345,216 shares of the company’s stock valued at $5,910,000 after purchasing an additional 335,088 shares during the last quarter. Deutsche Bank AG boosted its stake in Cannae by 185.1% during the 4th quarter. Deutsche Bank AG now owns 419,649 shares of the company’s stock valued at $7,182,000 after purchasing an additional 272,468 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of Cannae by 55.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 502,338 shares of the company’s stock worth $8,600,000 after buying an additional 179,587 shares during the last quarter. 81.30% of the stock is owned by institutional investors.
CNNE traded down $0.07 on Wednesday, hitting $29.09. The company had a trading volume of 85,863 shares, compared to its average volume of 228,704. The firm has a market cap of $2.11 billion, a P/E ratio of 42.16 and a beta of 0.83. Cannae Holdings Inc has a 12-month low of $15.87 and a 12-month high of $30.38. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.02 and a current ratio of 1.18. The company’s fifty day moving average is $27.84.
A number of equities analysts recently commented on the company. TheStreet cut Weibo from a “b-” rating to a “c+” rating in a report on Friday, May 31st. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a report on Tuesday.
In other news, Director Richard N. Massey purchased 20,000 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average price of $25.15 per share, for a total transaction of $503,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.20% of the stock is owned by insiders.
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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