Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Acquires New Holdings in Cannae Holdings Inc (CNNE)

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of Cannae Holdings Inc (NYSE:CNNE) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,900 shares of the company’s stock, valued at approximately $258,000.

Several other large investors also recently bought and sold shares of CNNE. SG Americas Securities LLC lifted its position in shares of Cannae by 34.6% during the first quarter. SG Americas Securities LLC now owns 19,132 shares of the company’s stock worth $361,000 after acquiring an additional 4,916 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in shares of Cannae by 7.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 44,458 shares of the company’s stock worth $838,000 after acquiring an additional 3,111 shares in the last quarter. Northern Trust Corp lifted its position in shares of Cannae by 1.8% during the first quarter. Northern Trust Corp now owns 705,627 shares of the company’s stock worth $13,308,000 after acquiring an additional 12,491 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Cannae during the first quarter worth $292,000. Finally, Natixis Advisors L.P. lifted its position in shares of Cannae by 4.8% during the first quarter. Natixis Advisors L.P. now owns 114,614 shares of the company’s stock worth $2,162,000 after acquiring an additional 5,206 shares in the last quarter. Hedge funds and other institutional investors own 79.13% of the company’s stock.

NYSE:CNNE opened at $21.34 on Tuesday. Cannae Holdings Inc has a 1 year low of $16.16 and a 1 year high of $21.90. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.33 and a current ratio of 1.69.

Cannae (NYSE:CNNE) last posted its earnings results on Monday, August 13th. The company reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.18). The company had revenue of $303.90 million for the quarter, compared to analysts’ expectations of $308.00 million. Cannae had a negative return on equity of 1.37% and a negative net margin of 2.53%. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. research analysts expect that Cannae Holdings Inc will post -0.31 earnings per share for the current year.

In other Cannae news, Director Richard N. Massey acquired 39,000 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were bought at an average price of $18.70 per share, for a total transaction of $729,300.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.90% of the company’s stock.

Several equities research analysts have issued reports on CNNE shares. Zacks Investment Research upgraded Cannae from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Thursday, May 31st. ValuEngine downgraded Cannae from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 16th. Finally, TheStreet upgraded Cannae from a “d+” rating to a “c-” rating in a research report on Thursday, September 6th.

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 is based in Las Vegas, Nevada.

Further Reading: Understanding Analyst Recommendations

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Institutional Ownership by Quarter for Cannae (NYSE:CNNE)

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