Bfsg LLC Makes New Investment in Cannae Holdings, Inc. (NYSE:CNNE)

Bfsg LLC purchased a new position in shares of Cannae Holdings, Inc. (NYSE:CNNE) in the 4th quarter, Holdings Channel reports. The firm purchased 6,730 shares of the company’s stock, valued at approximately $134,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. River Road Asset Management LLC grew its holdings in Cannae by 0.9% during the 3rd quarter. River Road Asset Management LLC now owns 5,665,103 shares of the company’s stock worth $107,977,000 after acquiring an additional 50,150 shares in the last quarter. FMR LLC grew its holdings in Cannae by 17.6% during the 3rd quarter. FMR LLC now owns 2,653,854 shares of the company’s stock worth $50,582,000 after acquiring an additional 397,352 shares in the last quarter. State Street Corp boosted its holdings in shares of Cannae by 1.6% in the 3rd quarter. State Street Corp now owns 1,605,351 shares of the company’s stock valued at $30,598,000 after buying an additional 25,403 shares in the last quarter. Private Management Group Inc. acquired a new position in shares of Cannae in the 4th quarter valued at $16,643,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Cannae by 10.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 454,688 shares of the company’s stock valued at $8,666,000 after buying an additional 44,691 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada upped their target price on shares of Cannae from $26.00 to $27.00 and gave the company an “outperform” rating in a report on Thursday, November 14th.

Cannae Trading Up 1.6 %

Shares of Cannae stock opened at $20.10 on Wednesday. The company has a fifty day simple moving average of $19.64 and a 200-day simple moving average of $19.68. Cannae Holdings, Inc. has a 12-month low of $16.94 and a 12-month high of $22.99. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.10. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -4.18 and a beta of 0.86.

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.