Cannae Holdings, Inc. $CNNE Shares Sold by Poehling Capital Management INC.

Poehling Capital Management INC. lowered its position in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 22.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 651,696 shares of the company’s stock after selling 183,583 shares during the quarter. Cannae comprises about 2.1% of Poehling Capital Management INC.’s portfolio, making the stock its 10th largest position. Poehling Capital Management INC.’s holdings in Cannae were worth $10,251,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake in Cannae by 18.3% during the 4th quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 88,400 shares of the company’s stock valued at $1,391,000 after acquiring an additional 13,700 shares during the period. Gabelli Funds LLC lifted its stake in Cannae by 20.8% during the 4th quarter. Gabelli Funds LLC now owns 100,411 shares of the company’s stock valued at $1,579,000 after acquiring an additional 17,316 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in Cannae by 21.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 142,461 shares of the company’s stock valued at $2,241,000 after acquiring an additional 24,814 shares during the period. Comerica Bank lifted its holdings in shares of Cannae by 64.3% in the 4th quarter. Comerica Bank now owns 138,625 shares of the company’s stock valued at $2,181,000 after buying an additional 54,266 shares during the period. Finally, CWM LLC lifted its holdings in shares of Cannae by 79.9% in the 4th quarter. CWM LLC now owns 7,313 shares of the company’s stock valued at $115,000 after buying an additional 3,248 shares during the period. Institutional investors and hedge funds own 88.12% of the company’s stock.

Analyst Ratings Changes

CNNE has been the subject of a number of analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Cannae in a report on Tuesday, May 12th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cannae in a report on Wednesday, April 8th. Finally, Stephens reissued an “overweight” rating and issued a $17.00 price target on shares of Cannae in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.00.

Cannae Stock Performance

CNNE opened at $13.34 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.71 and a quick ratio of 1.71. The firm has a fifty day moving average price of $12.43 and a 200 day moving average price of $14.27. Cannae Holdings, Inc. has a 1 year low of $10.46 and a 1 year high of $21.96. The stock has a market cap of $585.94 million, a P/E ratio of -1.71 and a beta of 1.18.

Cannae (NYSE:CNNE) last posted its earnings results on Monday, May 11th. The company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.30). The firm had revenue of $96.20 million during the quarter, compared to analyst estimates of $99.77 million. Cannae had a negative net margin of 103.77% and a negative return on equity of 36.53%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($1.81) earnings per share. Equities research analysts anticipate that Cannae Holdings, Inc. will post -2.4 earnings per share for the current year.

Cannae Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, June 16th. This represents a $0.60 dividend on an annualized basis and a yield of 4.5%. Cannae’s dividend payout ratio is presently -7.68%.

Cannae Profile

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.