300 institutions hold shares in Cannae Holdings Inc. (CNNE), with 5.49M shares held by insiders accounting for 5.99% while institutional investors hold 93.14% of the company’s shares. The shares outstanding are 91.30M, and float is at 86.13M with Short Float at 1.41%. Institutions hold 87.57% of the Float.
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The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 8.09 million shares valued at $357.95 million. The investor’s holdings represent 8.82% of the CNNE Shares outstanding. As of Dec 30, 2020, the second largest holder is Capital Research Global Investors with 7.47 million shares valued at $330.6 million to account for 8.15% of the shares outstanding. The other top investors are Capital World Investors which holds 6.62 million shares representing 7.22% and valued at over $293.0 million, while Blackrock Inc. holds 7.20% of the shares totaling 6.6 million with a market value of $292.34 million.
Cannae Holdings Inc. (NYSE: CNNE) is -15.63% lower on its value in year-to-date trading and has touched a low of $20.51 and a high of $46.57 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CNNE stock was last observed hovering at around $39.05 in the last trading session, with the day’s loss setting it -1.7% off its average median price target of $54.50 for the next 12 months. It is also 34.47% off the consensus price target high of $57.00 offered by 2 analysts, but current levels are 28.17% higher than the price target low of $52.00 for the same period.
Currently trading at $37.35, the stock is -5.08% and -10.43% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.12 million and changing -4.35% at the moment leaves the stock -4.56% off its SMA200. CNNE registered 2.36% gain for a year compared to 6-month gain of -1.35%. The firm has a 50-day simple moving average (SMA 50) of $40.41 and a 200-day simple moving average (SMA200) of $39.73.
The stock witnessed a -6.34% loss in the last 1 month and extending the period to 3 months gives it a -5.80%, and is -4.18% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.68% over the week and 3.21% over the month.
Cannae Holdings Inc. (CNNE) has around 22482 employees, a market worth around $3.58B and $585.70M in sales. Current P/E ratio is 1.76. Distance from 52-week low is 82.11% and -19.80% from its 52-week high. The company has generated returns on investments over the last 12 months (-8.80%).
Cannae Holdings Inc. (CNNE) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Cannae Holdings Inc. (CNNE) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 1.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Cannae Holdings Inc. is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at -$0.14 with sales reaching $158.7M over the same period.The EPS is expected to grow by 434.20% this year, but quarterly earnings will post 19.20% year-over-year. Quarterly sales are estimated to shrink -8.30% in year-over-year returns.
Cannae Holdings Inc. (CNNE) Insider Activity
A total of 17 insider transactions have happened at Cannae Holdings Inc. (CNNE) in the last six months, with sales accounting for 7 and purchases happening 10 times. The most recent transaction is an insider purchase by Massey Richard N, the company’s Chief Executive Officer. SEC filings show that Massey Richard N bought 10,000 shares of the company’s common stock on Feb 24 at a price of $39.78 per share for a total of $0.4 million. Following the purchase, the insider now owns 0.29 million shares.
Cannae Holdings Inc. disclosed in a document filed with the SEC on Dec 08 that Massey Richard N (Chief Executive Officer) bought a total of 15,000 shares of the company’s common stock. The trade occurred on Dec 08 and was made at $42.33 per share for $0.63 million. Following the transaction, the insider now directly holds 0.28 million shares of the CNNE stock.
Still, SEC filings show that on Aug 24, Massey Richard N (Chief Executive Officer) acquired 5,000 shares at an average price of $36.95 for $0.18 million. The insider now directly holds 265,087 shares of Cannae Holdings Inc. (CNNE).