C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes Position in Cannae Holdings, Inc. (NYSE:CNNE)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Cannae Holdings, Inc. (NYSE:CNNE) during the 4th quarter, Holdings Channel reports. The fund bought 3,836 shares of the company’s stock, valued at approximately $76,000.

A number of other hedge funds also recently made changes to their positions in CNNE. Bfsg LLC purchased a new position in shares of Cannae in the 4th quarter worth $134,000. State of New Jersey Common Pension Fund D grew its position in Cannae by 3.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 103,356 shares of the company’s stock worth $2,053,000 after acquiring an additional 3,175 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in Cannae during the fourth quarter worth approximately $281,000. Entropy Technologies LP purchased a new stake in Cannae during the fourth quarter valued at approximately $304,000. Finally, Private Management Group Inc. purchased a new stake in Cannae during the fourth quarter valued at approximately $16,643,000. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Royal Bank of Canada boosted their target price on Cannae from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th.

Cannae Price Performance

Cannae stock opened at $19.16 on Friday. Cannae Holdings, Inc. has a 12-month low of $16.94 and a 12-month high of $22.99. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $19.59 and a 200-day moving average price of $19.68. The firm has a market capitalization of $1.20 billion, a PE ratio of -3.98 and a beta of 0.86.

About Cannae

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.