Cannae Holdings Inc (NYSE: CNNE) is 13.99% higher on its value in year-to-date trading and has touched a low of $15.93 and a high of $22.92 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CNNE stock was last observed hovering at around $22.45 in the last trading session, with the day’s loss setting it -0.21%.
Currently trading at $22.24, the stock is 0.73% and 4.59% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.6 million and changing -0.94% at the moment leaves the stock 13.02% off its SMA200. CNNE registered 17.11% gain for a year compared to 6-month gain of 16.20%. The firm has a 50-day simple moving average (SMA 50) of $3.10 and a 200-day simple moving average (SMA200) of -$11.69.
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The stock witnessed a 2.96% loss in the last 1 month and extending the period to 3 months gives it a 11.98%, and is -1.24% 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 1.18% over the week and 1.17% over the month.
Cannae Holdings Inc (CNNE) has around 7741 employees, a market worth around $1.61B and $570.00M in sales. Profit margin for the company is -53.86%. Distance from 52-week low is 39.61% and -2.97% from its 52-week high. The company has generated returns on investments over the last 12 months (-11.95%).
Cannae Holdings Inc quarterly earnings per share for the current quarter are estimated at -$0.18 with sales reaching $126.23M over the same period.The EPS is expected to grow by 90.91% this year, but quarterly earnings will post -11.60% year-over-year. Quarterly sales are estimated to shrink -22.30% in year-over-year returns.
Cannae Holdings Inc (CNNE) Top Institutional Holders
304 institutions hold shares in Cannae Holdings Inc (CNNE), with institutional investors hold 91.57% of the company’s shares. The shares outstanding are 70.37M, and float is at 66.16M with Short Float at 3.09%. Institutions hold 83.96% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 7.64 million shares valued at $154.32 million. The investor’s holdings represent 10.41% of the CNNE Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 6.35 million shares valued at $128.26 million to account for 8.65% of the shares outstanding. The other top investors are River Road Asset Management, LLC which holds 5.94 million shares representing 8.10% and valued at over $120.09 million, while Davenport & Co Llc holds 6.40% of the shares totaling 4.7 million with a market value of $87.53 million.
Cannae Holdings Inc (CNNE) Insider Activity
The most recent transaction is an insider sale by Cannae Holdings, Inc.,the company’sDirector. SEC filings show that Cannae Holdings, Inc. sold 10,000,000 shares of the company’s common stock on Mar 18 ’24 at a price of $10.09 per share for a total of $100.9 million. Following the sale, the insider now owns 69.05 million shares.
Cannae Holdings Inc disclosed in a document filed with the SEC on Sep 26 ’23 that Massey Richard N (Chief Executive Officer) bought a total of 50,000 shares of the company’s common stock. The trade occurred on Sep 26 ’23 and was made at $18.66 per share for $0.93 million. Following the transaction, the insider now directly holds 0.43 million shares of the CNNE stock.
Still, SEC filings show that on Sep 06 ’23, Cannae Holdings, Inc. (10% Owner) disposed off 110,000 shares at an average price of $1.85 for $0.2 million. The insider now directly holds 27,012,794 shares of Cannae Holdings Inc (CNNE).
