Cannae Holdings Inc (NYSE: CNNE) is -4.63% lower on its value in year-to-date trading and has touched a low of $16.94 and a high of $22.99 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 $19.28 in the last trading session, with the day’s loss setting it -0.34%.
Currently trading at $18.94, the stock is -5.31% and -7.30% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.45 million and changing -1.76% at the moment leaves the stock -3.41% off its SMA200. CNNE registered -9.64% loss for a year compared to 6-month gain of 2.66%. The firm has a 50-day simple moving average (SMA 50) of $20.4324 and a 200-day simple moving average (SMA200) of $19.62535.
The stock witnessed a -8.94% loss in the last 1 month and extending the period to 3 months gives it a 2.82%, and is -4.63% 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 2.46% over the week and 2.18% over the month.
Cannae Holdings Inc (CNNE) has around 7741 employees, a market worth around $1.19B and $461.90M in sales. Profit margin for the company is -68.61%. Distance from 52-week low is 11.81% and -17.62% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.42%).
The EPS is expected to grow by 10.13% this year
278.0 institutions hold shares in Cannae Holdings Inc (CNNE), with institutional investors hold 92.54% of the company’s shares. The shares outstanding are 62.73M, and float is at 55.85M with Short Float at 1.50%. Institutions hold 83.85% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.64 million shares valued at $102.31 million. The investor’s holdings represent 7.966 of the CNNE Shares outstanding. As of 2024-06-30, the second largest holder is RIVER ROAD ASSET MANAGEMENT, LLC with 5.61 million shares valued at $101.86 million to account for 7.9307 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 5.49 million shares representing 7.7571 and valued at over $99.62 million, while DAVENPORT & CO LLC holds 5.4174 of the shares totaling 3.84 million with a market value of $69.28 million.
Cannae Holdings Inc (CNNE) Insider Activity
Cannae Holdings Inc disclosed in a document filed with the SEC on May 24 ’24 that Massey Richard N (Director) sold a total of 25,752 shares of the company’s common stock. The trade occurred on May 24 ’24 and was made at $19.38 per share for $0.5 million. Following the transaction, the insider now directly holds 0.25 million shares of the CNNE stock.
Still, SEC filings show that on Apr 17 ’24, Massey Richard N (Chief Executive Officer) disposed off 30,000 shares at an average price of $19.63 for $0.59 million. The insider now directly holds 274,367 shares of Cannae Holdings Inc (CNNE).
