Epoch Investment Partners Inc. Has $6.62 Million Stock Position in Cannae Holdings, Inc. (NYSE:CNNE)

Epoch Investment Partners Inc. lessened its holdings in Cannae Holdings, Inc. (NYSE:CNNEFree Report) by 10.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 339,334 shares of the company’s stock after selling 39,226 shares during the period. Epoch Investment Partners Inc. owned about 0.48% of Cannae worth $6,620,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CNNE. SRS Capital Advisors Inc. increased its stake in Cannae by 22.2% in the 3rd quarter. SRS Capital Advisors Inc. now owns 3,679 shares of the company’s stock valued at $69,000 after buying an additional 669 shares during the last quarter. Shayne & Jacobs LLC boosted its holdings in Cannae by 0.9% in the 4th quarter. Shayne & Jacobs LLC now owns 82,706 shares of the company’s stock worth $1,614,000 after buying an additional 710 shares during the period. Rhumbline Advisers boosted its holdings in Cannae by 1.0% in the 3rd quarter. Rhumbline Advisers now owns 117,965 shares of the company’s stock worth $2,199,000 after buying an additional 1,219 shares during the period. Simplex Trading LLC bought a new position in Cannae in the 4th quarter worth approximately $27,000. Finally, Corbyn Investment Management Inc. MD boosted its holdings in Cannae by 6.2% in the 4th quarter. Corbyn Investment Management Inc. MD now owns 30,599 shares of the company’s stock worth $597,000 after buying an additional 1,777 shares during the period. Institutional investors and hedge funds own 88.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Oppenheimer increased their target price on shares of Cannae from $25.00 to $27.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th.

Read Our Latest Report on CNNE

Insider Buying and Selling

In related news, Director Richard N. Massey sold 25,752 shares of Cannae stock in a transaction on Friday, May 24th. The shares were sold at an average price of $19.38, for a total value of $499,073.76. Following the transaction, the director now owns 248,615 shares in the company, valued at approximately $4,818,158.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Richard N. Massey sold 25,752 shares of Cannae stock in a transaction on Friday, May 24th. The shares were sold at an average price of $19.38, for a total value of $499,073.76. Following the transaction, the director now owns 248,615 shares in the company, valued at approximately $4,818,158.70. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Richard N. Massey sold 50,000 shares of Cannae stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $20.82, for a total transaction of $1,041,000.00. Following the completion of the transaction, the chief executive officer now owns 354,367 shares in the company, valued at approximately $7,377,920.94. The disclosure for this sale can be found here. Insiders have sold a total of 128,802 shares of company stock worth $2,603,112 in the last 90 days. 10.90% of the stock is owned by company insiders.

Cannae Stock Performance

Shares of Cannae stock traded down $0.66 on Friday, hitting $17.34. 375,699 shares of the company traded hands, compared to its average volume of 412,145. The firm’s 50-day simple moving average is $19.89 and its 200 day simple moving average is $20.24. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.06 and a current ratio of 3.32. Cannae Holdings, Inc. has a 12-month low of $15.93 and a 12-month high of $22.99.

Cannae (NYSE:CNNEGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The company reported ($1.27) earnings per share for the quarter, missing the consensus estimate of ($0.33) by ($0.94). The company had revenue of $110.70 million for the quarter, compared to analysts’ expectations of $126.23 million. Cannae had a negative net margin of 74.62% and a negative return on equity of 16.50%. The business’s quarterly revenue was down 28.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) EPS. On average, analysts expect that Cannae Holdings, Inc. will post -1.8 EPS for the current year.

Cannae Announces Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Friday, June 14th.

About Cannae

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CNNE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cannae Holdings, Inc. (NYSE:CNNEFree Report).

Institutional Ownership by Quarter for Cannae (NYSE:CNNE)

Receive News & Ratings for Cannae Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cannae and related companies with MarketBeat.com's FREE daily email newsletter.