Cannae Holdings, Inc. (NYSE:CNNE) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. grew its stake in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 123,574 shares of the company’s stock after buying an additional 8,052 shares during the period. American Century Companies Inc. owned 0.20% of Cannae worth $2,242,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Rubric Capital Management LP purchased a new stake in shares of Cannae in the fourth quarter valued at $7,081,000. Jane Street Group LLC grew its position in shares of Cannae by 429.2% in the first quarter. Jane Street Group LLC now owns 378,182 shares of the company’s stock valued at $8,411,000 after purchasing an additional 306,716 shares during the period. Poehling Capital Management INC. grew its position in shares of Cannae by 59.4% in the first quarter. Poehling Capital Management INC. now owns 709,019 shares of the company’s stock valued at $15,769,000 after purchasing an additional 264,213 shares during the period. Russell Investments Group Ltd. grew its position in shares of Cannae by 17.8% in the first quarter. Russell Investments Group Ltd. now owns 226,852 shares of the company’s stock valued at $5,045,000 after purchasing an additional 34,246 shares during the period. Finally, Caxton Associates LP purchased a new stake in shares of Cannae in the first quarter valued at $751,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Cannae Price Performance

Shares of NYSE:CNNE opened at $19.21 on Friday. The business has a fifty day simple moving average of $19.43 and a 200-day simple moving average of $19.58. Cannae Holdings, Inc. has a 52 week low of $15.93 and a 52 week high of $22.99. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.21 billion, a P/E ratio of -3.53 and a beta of 0.88.

Cannae (NYSE:CNNE) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($2.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($2.32). Cannae had a negative net margin of 93.69% and a negative return on equity of 14.30%. The firm had revenue of $118.00 million for the quarter, compared to analysts’ expectations of $112.00 million. During the same period last year, the firm posted ($1.16) EPS. Cannae’s revenue was down 22.8% on a year-over-year basis. Equities research analysts forecast that Cannae Holdings, Inc. will post -3.03 EPS for the current year.

Cannae Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Monday, September 16th. Cannae’s dividend payout ratio (DPR) is presently -8.82%.

Cannae 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.