Teacher Retirement System of Texas raised its stake in Cannae Holdings, Inc. (NYSE:CNNE – Get Rating) by 7.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,519 shares of the company's stock after acquiring an additional 1,154 shares during the period. Teacher Retirement System of Texas' holdings in Cannae were worth $395,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of CNNE. DAVENPORT & Co LLC grew its stake in shares of Cannae by 5.0% in the first quarter. DAVENPORT & Co LLC now owns 6,411,962 shares of the company's stock worth $154,483,000 after acquiring an additional 304,459 shares during the last quarter. Tensile Capital Management LP lifted its holdings in shares of Cannae by 37.2% during the fourth quarter. Tensile Capital Management LP now owns 900,356 shares of the company's stock valued at $31,648,000 after purchasing an additional 244,168 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Cannae by 34.1% during the first quarter. Thompson Siegel & Walmsley LLC now owns 901,698 shares of the company's stock valued at $21,569,000 after purchasing an additional 229,532 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Cannae by 9.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,724,990 shares of the company's stock valued at $60,635,000 after purchasing an additional 143,633 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Cannae by 50.2% during the first quarter. Russell Investments Group Ltd. now owns 324,815 shares of the company's stock valued at $7,768,000 after purchasing an additional 108,548 shares in the last quarter. 86.51% of the stock is owned by hedge funds and other institutional investors.
Get Cannae alerts:Cannae Stock Up 3.5 %
CNNE stock opened at $22.17 on Thursday. Cannae Holdings, Inc. has a fifty-two week low of $17.11 and a fifty-two week high of $36.50. The business's 50-day moving average is $20.95 and its two-hundred day moving average is $22.49. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.69 and a current ratio of 0.69. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -2.57 and a beta of 0.80.
Insider Buying and Selling at Cannae
In other Cannae news, Director Cannae Holdings, Inc. sold 7,871,685 shares of the stock in a transaction dated Tuesday, July 5th. The stock was sold at an average price of $13.81, for a total value of $108,707,969.85. Following the transaction, the director now owns 80,406,356 shares of the company's stock, valued at $1,110,411,776.36. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.10% of the stock is owned by corporate insiders.Analyst Ratings Changes
A number of research analysts have recently issued reports on the company. Oppenheimer lowered their price target on Cannae from $41.00 to $36.00 in a report on Tuesday, May 10th. TheStreet downgraded Cannae from a "c-" rating to a "d" rating in a report on Tuesday, August 9th. Finally, Stephens upped their price target on Cannae from $41.00 to $42.00 and gave the company an "overweight" rating in a report on Tuesday, August 9th.
Cannae Company Profile
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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 is based in Las Vegas, Nevada.
Further Reading
- Get a free copy of the StockNews.com research report on Cannae (CNNE)
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