Cannae Holdings Inc (NYSE: CNNE) is -1.11% 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 $19.52 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $19.64, the stock is 0.33% and 0.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing 0.61% at the moment leaves the stock 1.13% off its SMA200. CNNE registered -11.17% loss for a year compared to 6-month loss of -0.81%.
The stock witnessed a 0.10% gain in the last 1 month and extending the period to 3 months gives it a -7.01%, and is 0.72% up 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 3.41% over the week and 2.43% over the month.
Cannae Holdings Inc (CNNE) has around 7741 employees, a market worth around $1.23B and $452.50M in sales. Profit margin for the company is -67.31%. Distance from 52-week low is 15.94% and -14.57% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.57%).
with sales reaching $105.3M over the same period.The EPS is expected to grow by 75.90% this year, but quarterly earnings will post -2.61% year-over-year. Quarterly sales are estimated to shrink -4.88% in year-over-year returns.
The shares outstanding are 62.74M, and float is at 55.85M with Short Float at 1.70%.
The top institutional shareholder in the company is RIVER ROAD ASSET MANAGEMENT, LLC with over 5.61 million shares valued at $101.86 million. The investor’s holdings represent 9.0273 of the CNNE Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 5.64 million shares valued at $102.31 million to account for 7.966 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 6.1664 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).
