Cannae Holdings Inc (NYSE: CNNE) is -10.42% 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 $18.15 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $17.79, the stock is -7.88% and -8.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing -1.98% at the moment leaves the stock -8.11% off its SMA200. CNNE registered -18.21% loss for a year compared to 6-month gain of -7.78%.
The stock witnessed a -9.28% loss in the last 1 month and extending the period to 3 months gives it a -16.05%, and is -11.23% 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 3.29% over the week and 2.75% over the month.
Cannae Holdings Inc (CNNE) has around 7317 employees, a market worth around $1.12B and $452.50M in sales. Profit margin for the company is -67.31%. Distance from 52-week low is 5.02% and -22.62% 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.
Cannae Holdings Inc (CNNE) Top Institutional Holders
The shares outstanding are 62.79M, and float is at 55.59M with Short Float at 1.71%.
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
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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).
