AQR Capital Management LLC Sells 46,833 Shares of Cannae Holdings, Inc. (NYSE:CNNE)

AQR Capital Management LLC lessened its stake in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 72.1% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 18,081 shares of the company’s stock after selling 46,833 shares during the period. AQR Capital Management LLC’s holdings in Cannae were worth $328,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Rubric Capital Management LP lifted its position in shares of Cannae by 17.8% during the 2nd quarter. Rubric Capital Management LP now owns 1,430,248 shares of the company’s stock worth $25,945,000 after buying an additional 216,031 shares during the period. AREX Capital Management LP lifted its position in shares of Cannae by 52.2% during the 2nd quarter. AREX Capital Management LP now owns 1,260,539 shares of the company’s stock worth $22,866,000 after buying an additional 432,260 shares during the period. Thompson Siegel & Walmsley LLC lifted its position in shares of Cannae by 45.1% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 723,992 shares of the company’s stock worth $13,133,000 after buying an additional 225,161 shares during the period. Poehling Capital Management INC. lifted its position in shares of Cannae by 0.8% during the 2nd quarter. Poehling Capital Management INC. now owns 715,043 shares of the company’s stock worth $12,971,000 after buying an additional 6,024 shares during the period. Finally, Ancora Advisors LLC increased its holdings in Cannae by 16.6% during the 1st quarter. Ancora Advisors LLC now owns 512,233 shares of the company’s stock valued at $11,392,000 after purchasing an additional 72,978 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

Cannae Trading Up 2.7 %

Shares of CNNE opened at $18.94 on Thursday. The stock has a fifty day moving average price of $19.13 and a two-hundred day moving average price of $19.24. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.01. Cannae Holdings, Inc. has a 52-week low of $15.93 and a 52-week high of $22.99. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -3.48 and a beta of 0.88.

Cannae (NYSE:CNNE) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($2.49) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $118.00 million during the quarter, compared to the consensus estimate of $112.00 million. During the same quarter in the previous year, the firm posted ($1.16) EPS. The company’s revenue for the quarter was down 22.8% compared to the same quarter last year. Analysts predict that Cannae Holdings, Inc. will post -3.03 EPS for the current fiscal year.

Cannae Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 16th were given a $0.12 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.48 annualized dividend and a yield of 2.53%. Cannae’s payout ratio is -8.82%.

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.