Epoch Investment Partners Inc. Reduces Stock Holdings in Cannae Holdings, Inc. (NYSE:CNNE)

Epoch Investment Partners Inc. reduced its stake in Cannae Holdings, Inc. (NYSE:CNNEFree Report) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 339,334 shares of the company’s stock after selling 39,226 shares during the period. Epoch Investment Partners Inc.’s holdings in Cannae were worth $6,620,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Cannae during the third quarter worth approximately $1,361,000. Ancora Advisors LLC grew its position in shares of Cannae by 19.0% during the third quarter. Ancora Advisors LLC now owns 339,665 shares of the company’s stock worth $6,331,000 after acquiring an additional 54,160 shares during the last quarter. DAVENPORT & Co LLC grew its position in shares of Cannae by 1.3% during the fourth quarter. DAVENPORT & Co LLC now owns 4,758,233 shares of the company’s stock worth $92,833,000 after acquiring an additional 62,486 shares during the last quarter. Comerica Bank grew its position in shares of Cannae by 38,345.3% during the third quarter. Comerica Bank now owns 276,806 shares of the company’s stock worth $5,160,000 after acquiring an additional 276,086 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its position in shares of Cannae by 2.1% during the fourth quarter. Assenagon Asset Management S.A. now owns 201,022 shares of the company’s stock worth $3,922,000 after acquiring an additional 4,072 shares during the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Oppenheimer increased their price target on Cannae from $25.00 to $27.00 and gave the stock an “outperform” rating in a report on Wednesday, March 6th.

View Our Latest Stock Analysis on CNNE

Cannae Trading Down 3.7 %

Shares of NYSE CNNE traded down $0.66 during mid-day trading on Friday, hitting $17.34. 375,699 shares of the company were exchanged, compared to its average volume of 412,145. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.32 and a quick ratio of 3.06. The stock has a 50 day simple moving average of $19.89 and a 200-day simple moving average of $20.24. Cannae Holdings, Inc. has a 1-year low of $15.93 and a 1-year high of $22.99.

Cannae (NYSE:CNNEGet Free Report) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.94). Cannae had a negative return on equity of 16.50% and a negative net margin of 74.62%. The company had revenue of $110.70 million for the quarter, compared to analyst estimates of $126.23 million. During the same period in the prior year, the business earned ($0.05) earnings per share. Cannae’s revenue for the quarter was down 28.3% compared to the same quarter last year. Equities analysts predict that Cannae Holdings, Inc. will post -1.8 earnings per share for the current fiscal year.

Cannae Announces Dividend

The firm also recently announced a — dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 14th.

Insider Buying and Selling at Cannae

In other Cannae news, Director Richard N. Massey sold 25,752 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $19.38, for a total value of $499,073.76. Following the completion of the sale, the director now owns 248,615 shares of the company’s stock, valued at $4,818,158.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Cannae news, Director Richard N. Massey sold 25,752 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $19.38, for a total value of $499,073.76. Following the completion of the sale, the director now owns 248,615 shares of the company’s stock, valued at $4,818,158.70. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Richard N. Massey sold 50,000 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $20.82, for a total value of $1,041,000.00. Following the completion of the sale, the chief executive officer now directly owns 354,367 shares of the company’s stock, valued at approximately $7,377,920.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 128,802 shares of company stock valued at $2,603,112. 10.90% of the stock is owned by company insiders.

About Cannae

(Free Report)

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 was founded in 2014 and is based in Las Vegas, Nevada.

See Also

Want to see what other hedge funds are holding CNNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cannae Holdings, Inc. (NYSE:CNNEFree Report).

Institutional Ownership by Quarter for Cannae (NYSE:CNNE)

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