Fox Run Management L.L.C. Takes Position in Cannae Holdings, Inc. (NYSE:CNNE)

Fox Run Management L.L.C. acquired a new stake in shares of Cannae Holdings, Inc. (NYSE:CNNE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 29,604 shares of the company’s stock, valued at approximately $588,000.

A number of other hedge funds also recently bought and sold shares of CNNE. KLP Kapitalforvaltning AS purchased a new position in shares of Cannae during the fourth quarter worth approximately $203,000. American Century Companies Inc. grew its holdings in shares of Cannae by 4.3% during the 4th quarter. American Century Companies Inc. now owns 128,749 shares of the company’s stock valued at $2,557,000 after purchasing an additional 5,289 shares during the last quarter. Magnetar Financial LLC purchased a new position in Cannae in the 4th quarter worth $199,000. Intech Investment Management LLC lifted its stake in Cannae by 78.3% in the fourth quarter. Intech Investment Management LLC now owns 22,833 shares of the company’s stock worth $453,000 after purchasing an additional 10,026 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in Cannae during the fourth quarter valued at about $203,000. Institutional investors own 88.12% of the company’s stock.

Wall Street Analyst Weigh In

CNNE has been the topic of several analyst reports. Oppenheimer decreased their price objective on Cannae from $27.00 to $22.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Royal Bank of Canada decreased their price target on Cannae from $27.00 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th.

Cannae Trading Up 0.1 %

Shares of CNNE opened at $18.76 on Tuesday. The firm has a fifty day simple moving average of $18.84 and a two-hundred day simple moving average of $19.47. Cannae Holdings, Inc. has a twelve month low of $15.99 and a twelve month high of $22.99. The stock has a market capitalization of $1.18 billion, a P/E ratio of -3.90 and a beta of 0.86. The company has a quick ratio of 2.55, a current ratio of 2.55 and a debt-to-equity ratio of 0.10.

Cannae Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.48 annualized dividend and a dividend yield of 2.56%. Cannae’s payout ratio is presently -10.17%.

About Cannae

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.