Crescent Grove Advisors LLC Invests $1.98 Million in Cannae Holdings Inc (CNNE) Stock

Crescent Grove Advisors LLC purchased a new position in Cannae Holdings Inc (NYSE:CNNE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 116,079 shares of the company’s stock, valued at approximately $1,977,000.

Other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. bought a new stake in Cannae in the fourth quarter worth $154,000. SG Americas Securities LLC bought a new stake in Cannae in the fourth quarter worth $242,000. Boston Partners bought a new stake in Cannae in the fourth quarter worth $250,000. Strs Ohio bought a new stake in Cannae in the fourth quarter worth $301,000. Finally, Fox Run Management L.L.C. bought a new stake in Cannae in the fourth quarter worth $314,000. 70.93% of the stock is owned by institutional investors and hedge funds.

CNNE has been the subject of several recent research reports. TheStreet raised shares of Cannae from a “c-” rating to a “b-” rating in a research note on Wednesday, December 13th. Zacks Investment Research raised shares of Cannae from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Finally, ValuEngine raised shares of Cannae from a “buy” rating to a “strong-buy” rating in a research note on Monday.

Cannae Holdings Inc (CNNE) opened at $17.16 on Thursday. The company has a market cap of $1,195.47, a PE ratio of 9.91 and a beta of 0.76. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.06 and a current ratio of 2.06. Cannae Holdings Inc has a one year low of $16.16 and a one year high of $18.90.

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Cannae Profile

Cannae Holdings, Inc is a diversified holding company. The Company has investments in a variety of industries including Restaurants, Technology Enabled Healthcare Services, Financial Services and more. The Company holds majority and minority equity investment stakes in a number of entities, including Ceridian Holdings, LLC, American Blue Ribbon Holdings, and LLC and T-System Holding LLC.

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Institutional Ownership by Quarter for Cannae (NYSE:CNNE)

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