Shares of Cannae Holdings Inc (NYSE:CNNE) have been given an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokers have set a 1 year consensus target price of $18.75 for the company and are expecting that the company will post ($0.07) EPS for the current quarter, according to Zacks. Zacks has also given Cannae an industry rank of 172 out of 265 based on the ratings given to its competitors.
A number of research firms have issued reports on CNNE. ValuEngine raised Cannae from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 5th. Zacks Investment Research upgraded Cannae from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. Finally, TheStreet cut Cannae from a “b-” rating to a “d+” rating in a research report on Tuesday, January 16th.
Several hedge funds and other institutional investors have recently made changes to their positions in CNNE. Advisor Group Inc. purchased a new position in shares of Cannae in the fourth quarter valued at $118,000. United Fire Group Inc. purchased a new position in shares of Cannae in the fourth quarter valued at $126,000. Meeder Asset Management Inc. purchased a new position in shares of Cannae in the fourth quarter valued at $154,000. Virtu Financial LLC purchased a new position in shares of Cannae in the fourth quarter valued at $225,000. Finally, Paloma Partners Management Co purchased a new position in shares of Cannae in the fourth quarter valued at $225,000. Institutional investors own 79.27% of the company’s stock.
Cannae Company 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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