Wedge Capital Management L L P NC Has $7.43 Million Stock Position in Cannae Holdings, Inc. (NYSE:CNNE)

Wedge Capital Management L L P NC raised its stake in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381,044 shares of the company’s stock after buying an additional 6,115 shares during the period. Wedge Capital Management L L P NC’s holdings in Cannae were worth $7,434,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. SRS Capital Advisors Inc. boosted its holdings in Cannae by 22.2% in the third quarter. SRS Capital Advisors Inc. now owns 3,679 shares of the company’s stock valued at $69,000 after acquiring an additional 669 shares during the last quarter. Rhumbline Advisers grew its position in shares of Cannae by 1.0% in the third quarter. Rhumbline Advisers now owns 117,965 shares of the company’s stock valued at $2,199,000 after purchasing an additional 1,219 shares in the last quarter. Crescent Grove Advisors LLC grew its stake in shares of Cannae by 0.4% during the third quarter. Crescent Grove Advisors LLC now owns 311,825 shares of the company’s stock valued at $5,812,000 after buying an additional 1,238 shares during the last quarter. Swiss National Bank grew its position in shares of Cannae by 1.3% in the 3rd quarter. Swiss National Bank now owns 159,694 shares of the company’s stock worth $2,977,000 after buying an additional 2,000 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in Cannae by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 790,037 shares of the company’s stock valued at $14,726,000 after buying an additional 2,513 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

Cannae Stock Up 2.4 %

NYSE CNNE opened at $20.21 on Wednesday. The company’s 50-day moving average price is $21.36 and its 200-day moving average price is $19.82. Cannae Holdings, Inc. has a 12 month low of $15.93 and a 12 month high of $22.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.65 and a current ratio of 1.65.

Cannae (NYSE:CNNE) last posted its quarterly earnings results on Wednesday, February 21st. The company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.66) by ($0.17). Cannae had a negative return on equity of 12.31% and a negative net margin of 53.86%. The firm had revenue of $119.30 million for the quarter, compared to the consensus estimate of $133.50 million. As a group, sell-side analysts expect that Cannae Holdings, Inc. will post -0.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other Cannae news, CEO Richard N. Massey sold 50,000 shares of the stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $20.82, for a total transaction 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 $7,377,920.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Richard N. Massey sold 50,000 shares of Cannae stock in a transaction that occurred 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 in the company, valued at approximately $7,377,920.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Richard N. Massey sold 23,050 shares of the firm’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $20.57, for a total transaction of $474,138.50. Following the completion of the transaction, the chief executive officer now directly owns 404,367 shares of the company’s stock, valued at approximately $8,317,829.19. The disclosure for this sale can be found here. Insiders sold 103,050 shares of company stock valued at $2,104,039 over the last 90 days. Corporate insiders own 7.40% of the company’s stock.

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