Fox Run Management L.L.C. Acquires New Shares in Cannae Holdings, Inc. (NYSE:CNNE)

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

Several other institutional investors have also recently made changes to their positions in the stock. Spire Wealth Management bought a new stake in shares of Cannae during the 4th quarter valued at $45,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Cannae during the 4th quarter valued at about $76,000. R Squared Ltd bought a new stake in shares of Cannae during the fourth quarter valued at about $78,000. Blue Trust Inc. boosted its position in shares of Cannae by 457.9% in the fourth quarter. Blue Trust Inc. now owns 4,949 shares of the company’s stock valued at $94,000 after acquiring an additional 4,062 shares during the period. Finally, Global Retirement Partners LLC grew its stake in Cannae by 29.6% during the fourth quarter. Global Retirement Partners LLC now owns 5,251 shares of the company’s stock valued at $104,000 after acquiring an additional 1,198 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Cannae Stock Up 0.1 %

Shares of NYSE CNNE opened at $18.76 on Tuesday. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.10. The business has a 50-day moving average of $18.84 and a 200-day moving average of $19.47. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -3.90 and a beta of 0.86. Cannae Holdings, Inc. has a 12 month low of $15.99 and a 12 month high of $22.99.

Cannae Announces Dividend

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

Analysts Set New Price Targets

Several analysts have issued reports on CNNE shares. Royal Bank of Canada lowered their target price on shares of Cannae from $27.00 to $23.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 26th. Oppenheimer lowered their price objective on Cannae from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th.

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.