Mirabella Financial Services LLP Grows Stock Position in Cannae Holdings, Inc. (NYSE:CNNE)

Mirabella Financial Services LLP lifted its stake in Cannae Holdings, Inc. (NYSE:CNNE) by 42.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,772 shares of the company’s stock after acquiring an additional 16,681 shares during the period. Mirabella Financial Services LLP owned approximately 0.09% of Cannae worth $1,063,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. ProShare Advisors LLC boosted its holdings in shares of Cannae by 4.6% in the 1st quarter. ProShare Advisors LLC now owns 11,894 shares of the company’s stock worth $265,000 after purchasing an additional 523 shares in the last quarter. EntryPoint Capital LLC lifted its stake in shares of Cannae by 48.9% in the 1st quarter. EntryPoint Capital LLC now owns 1,629 shares of the company’s stock valued at $36,000 after acquiring an additional 535 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Cannae by 1.7% in the 1st quarter. Sei Investments Co. now owns 44,237 shares of the company’s stock valued at $984,000 after acquiring an additional 756 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Cannae by 1.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 61,725 shares of the company’s stock valued at $1,373,000 after acquiring an additional 900 shares during the last quarter. Finally, Crescent Grove Advisors LLC lifted its stake in shares of Cannae by 0.4% in the 2nd quarter. Crescent Grove Advisors LLC now owns 318,884 shares of the company’s stock valued at $5,785,000 after acquiring an additional 1,125 shares during the last quarter. 88.12% of the stock is owned by institutional investors.

Cannae Stock Up 2.0 %

Shares of NYSE:CNNE opened at $21.55 on Monday. Cannae Holdings, Inc. has a 52-week low of $16.94 and a 52-week high of $22.99. The firm has a market capitalization of $1.35 billion, a P/E ratio of -4.39 and a beta of 0.87. The stock has a 50 day moving average price of $19.54 and a 200-day moving average price of $19.19. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.55 and a current ratio of 2.55.

Cannae (NYSE:CNNE) last announced its earnings results on Tuesday, November 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.22). The firm had revenue of $113.90 million during the quarter, compared to analyst estimates of $105.67 million. Cannae had a negative return on equity of 8.26% and a negative net margin of 68.61%. The business’s revenue was down 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($2.18) EPS. As a group, equities research analysts anticipate that Cannae Holdings, Inc. will post -2.97 EPS for the current fiscal year.

Cannae Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 17th will be paid a $0.12 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $0.48 annualized dividend and a dividend yield of 2.23%. Cannae’s payout ratio is currently -9.98%.

Analyst Ratings Changes

Separately, Royal Bank of Canada boosted their target price on Cannae from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th.

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.