Insider Buying: Cannae Holdings Inc (CNNE) Director Buys $449,250.00 in Stock
Cannae Holdings Inc (NYSE:CNNE) Director Richard N. Massey bought 25,000 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The stock was bought at an average cost of $17.97 per share, for a total transaction of $449,250.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NYSE:CNNE opened at $17.70 on Monday. The company has a quick ratio of 1.75, a current ratio of 2.12 and a debt-to-equity ratio of 0.01. Cannae Holdings Inc has a 1-year low of $16.16 and a 1-year high of $21.90.
Cannae (NYSE:CNNE) last issued its quarterly earnings results on Thursday, November 8th. The company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.04. The firm had revenue of $293.50 million during the quarter, compared to analysts’ expectations of $315.25 million. Cannae had a negative net margin of 1.99% and a negative return on equity of 2.08%. Cannae’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.24) EPS. On average, equities analysts forecast that Cannae Holdings Inc will post -0.38 EPS for the current year.
A number of analysts recently weighed in on the stock. Piper Jaffray Companies upgraded shares of Cannae from a “neutral” rating to an “overweight” rating and set a $25.00 price target for the company in a research note on Friday, November 9th. Zacks Investment Research cut shares of Cannae from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 6th. Finally, TheStreet upgraded shares of Cannae from a “d+” rating to a “c-” rating in a research note on Thursday, September 6th.
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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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