Cannae Holdings, Inc. $CNNE Shares Purchased by Highbridge Capital Management LLC

Highbridge Capital Management LLC lifted its holdings in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 12.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 442,713 shares of the company’s stock after purchasing an additional 48,400 shares during the period. Highbridge Capital Management LLC owned about 0.89% of Cannae worth $8,106,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CNNE. Quantbot Technologies LP purchased a new position in Cannae during the second quarter worth $62,000. CWM LLC raised its position in shares of Cannae by 40.4% in the second quarter. CWM LLC now owns 3,253 shares of the company’s stock valued at $68,000 after buying an additional 936 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in shares of Cannae by 66.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 4,168 shares of the company’s stock valued at $87,000 after buying an additional 1,669 shares during the period. AlphaQuest LLC boosted its position in Cannae by 62.0% during the third quarter. AlphaQuest LLC now owns 5,781 shares of the company’s stock worth $106,000 after acquiring an additional 2,212 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in Cannae in the 2nd quarter valued at $212,000. Institutional investors and hedge funds own 88.12% of the company’s stock.

Cannae Stock Down 1.8%

Shares of NYSE:CNNE opened at $13.20 on Friday. The stock has a 50-day simple moving average of $15.15 and a 200-day simple moving average of $16.94. The stock has a market capitalization of $650.55 million, a P/E ratio of -1.71 and a beta of 1.09. Cannae Holdings, Inc. has a 1 year low of $12.98 and a 1 year high of $21.96. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.03 and a current ratio of 2.03.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada cut their price objective on shares of Cannae from $22.00 to $19.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cannae in a research report on Friday, January 9th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.50.

About Cannae

Cannae Holdings, Inc (NYSE: CNNE) is a publicly traded diversified holding company that focuses on partnering with and investing in businesses across a range of industry sectors. The company seeks to identify attractive opportunities in both private and public markets, leveraging its capital resources and management expertise to support operational growth and value creation. Cannae’s investment strategy emphasizes companies in data and analytics, marketing services, healthcare technology, and payment processing.

Through its portfolio, Cannae holds controlling or significant minority stakes in companies that provide critical software, data and services to corporate clients.