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 acquired a new position in Cannae Holdings, Inc. (NYSE:CNNE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,836 shares of the company’s stock, valued at approximately $76,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Spire Wealth Management bought a new stake in Cannae during the fourth quarter valued at about $45,000. Oakview Capital Management L.P. purchased a new position in Cannae during the third quarter valued at approximately $67,000. R Squared Ltd bought a new position in shares of Cannae in the fourth quarter worth approximately $78,000. Blue Trust Inc. boosted its position in shares of Cannae by 457.9% in the fourth quarter. Blue Trust Inc. now owns 4,949 shares of the company’s stock worth $94,000 after purchasing an additional 4,062 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Cannae in the third quarter worth $113,000. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cannae Stock Performance

NYSE:CNNE opened at $19.16 on Friday. The stock has a 50-day moving average price of $19.59 and a 200 day moving average price of $19.68. The stock has a market capitalization of $1.20 billion, a P/E ratio of -3.98 and a beta of 0.86. 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.

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.