Inceptionr LLC Sells 8,305 Shares of Cannae Holdings, Inc. (NYSE:CNNE)

Inceptionr LLC lowered its position in shares of Cannae Holdings, Inc. (NYSE:CNNE) by 41.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,776 shares of the company’s stock after selling 8,305 shares during the period. Inceptionr LLC’s holdings in Cannae were worth $234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of Cannae during the fourth quarter valued at approximately $5,866,000. Levin Capital Strategies L.P. grew its position in Cannae by 435.4% in the 4th quarter. Levin Capital Strategies L.P. now owns 157,397 shares of the company’s stock worth $3,126,000 after purchasing an additional 128,000 shares during the period. Bank of New York Mellon Corp grew its position in Cannae by 31.4% in the 4th quarter. Bank of New York Mellon Corp now owns 263,659 shares of the company’s stock worth $5,236,000 after purchasing an additional 62,987 shares during the period. Global Retirement Partners LLC grew its position in Cannae by 29.6% in the 4th quarter. Global Retirement Partners LLC now owns 5,251 shares of the company’s stock worth $104,000 after purchasing an additional 1,198 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Cannae in the 4th quarter worth approximately $76,000. Institutional investors own 88.12% of the company’s stock.

Cannae Stock Down 5.3 %

CNNE opened at $16.85 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.55 and a current ratio of 2.55. Cannae Holdings, Inc. has a fifty-two week low of $16.71 and a fifty-two week high of $22.99. The firm’s fifty day moving average is $19.31 and its 200 day moving average is $19.65. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -3.50 and a beta of 0.86.

Cannae Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend is Monday, March 17th. Cannae’s dividend payout ratio (DPR) is -10.17%.

Analyst Ratings Changes

A number of equities research analysts have commented on CNNE shares. Royal Bank of Canada cut their target price on shares of Cannae from $27.00 to $23.00 and set an “outperform” rating for the company in a research report on Wednesday, February 26th. Oppenheimer dropped their price target on shares of Cannae from $27.00 to $22.00 and set an “outperform” rating on the stock in a research note on Friday.

Cannae Company Profile

Cannae Holdings, Inc is a principal investment firm. The firm primarily invests in restaurants, technology enabled healthcare services, financial services and more. It takes both minority and majority stakes. Cannae Holdings, Inc was founded in 2014 and is based in Las Vegas, Nevada.