Cannae HoldingsCNNE
CNNE
About: Cannae Holdings Inc is a holding company that manages and operates a group of companies and investments. The company's reportable segments are Restaurant Group, Dun & Bradstreet, Alight, BKFE, Corporate and Other Affiliate Elimination. Majority of the company's revenue is generated from its Restaurant Group segment which represents the operations of O'Charley's and Ninety Nine Restaurants.
Employees: 7,741
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
67% more call options, than puts
Call options by funds: $159K | Put options by funds: $95K
50% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 6 (+2) [Q3]
5% more capital invested
Capital invested by funds: $931M [Q2] → $975M (+$44.2M) [Q3]
0.28% less ownership
Funds ownership: 81.8% [Q2] → 81.52% (-0.28%) [Q3]
5% less repeat investments, than reductions
Existing positions increased: 61 | Existing positions reduced: 64
7% less first-time investments, than exits
New positions opened: 27 | Existing positions closed: 29
2% less funds holding
Funds holding: 203 [Q2] → 199 (-4) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$27
42%
upside
Avg. target
$27
42%
upside
High target
$27
42%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
RBC Capital Kenneth Lee 73% 1-year accuracy 44 / 60 met price target | 42%upside $27 | Outperform Maintained | 14 Nov 2024 |
Financial journalist opinion
Positive
Reuters
1 month ago
Cannae Holdings eyes participating in deal for Rapid7, quits group with activist
Cannae Holdings plans to hold talks about participating in a deal to acquire Rapid7 and will stop working with the activist investor that has been urging the cybersecurity company to put itself up for sale, according to a regulatory filing.
Positive
Zacks Investment Research
1 month ago
How Much Upside is Left in Cannae (CNNE)? Wall Street Analysts Think 25.94%
The consensus price target hints at a 25.9% upside potential for Cannae (CNNE). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Positive
Zacks Investment Research
2 months ago
Can Cannae (CNNE) Climb 35.44% to Reach the Level Wall Street Analysts Expect?
The mean of analysts' price targets for Cannae (CNNE) points to a 35.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Neutral
Seeking Alpha
2 months ago
Cannae Holdings, Inc. (CNNE) Q3 2024 Earnings Call Transcript
Cannae Holdings, Inc. (NYSE:CNNE ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Jamie Lillis - Solebury Strategic Communications Ryan Caswell - Chief Executive Officer Bryan Coy - Chief Financial Officer Conference Call Participants Kenneth Lee - RBC Capital Markets John Campbell - Stephens Ian Zaffino - Oppenheimer Operator Good afternoon, ladies and gentlemen, and welcome to the Cannae Holdings Third Quarter 2024 Financial Results Conference Call. During today's presentation, all parties will be in a listen-only mode.
Negative
Zacks Investment Research
2 months ago
Cannae Holdings, Inc. (CNNE) Reports Q3 Loss, Tops Revenue Estimates
Cannae Holdings, Inc. (CNNE) came out with a quarterly loss of $0.22 per share versus the Zacks Consensus Estimate of a loss of $0.34. This compares to loss of $2.18 per share a year ago.
Neutral
Business Wire
2 months ago
Cannae Holdings, Inc. Announces Third Quarter 2024 Financial Results
LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) has released its third quarter 2024 financial results by posting them to its website. Please visit the Cannae website at www.cannaeholdings.com to view the third quarter 2024 financial results, which are included in its Letter to Shareholders. Conference Call As previously announced, Cannae will host a conference call, today, November 12, 2024 at 5:00pm (Eastern Time), to discuss its third quarter 2024 re.
Neutral
Business Wire
2 months ago
Cannae Holdings, Inc. Announces Quarterly Cash Dividend of $0.12
LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that its Board of Directors has declared a quarterly cash dividend of $0.12 per share. The dividend will be payable December 31, 2024, to shareholders of record as of December 17, 2024. About Cannae Holdings, Inc. We primarily acquire interests in operating companies and are actively engaged in managing and operating a core group of those companies. We believe that our long-term ownership.
Neutral
Business Wire
2 months ago
Cannae Holdings, Inc. Announces Third Quarter 2024 Earnings Release Date and Conference Call
LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that the Company will release its third quarter 2024 financial results after the market close on Tuesday, November 12, 2024. The Company will also hold a conference call to discuss its financial results at 5:00 pm (Eastern Time) on the same day. The conference call can be accessed by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international) and asking for the Cannae Holdings Thir.
Neutral
Business Wire
3 months ago
Cannae Holdings, Inc. and KDSA to Acquire Majority Stake in The Watkins Company
LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) in partnership with KDSA Investment Partners (“KDSA”) announced today an agreement to acquire a majority stake in The Watkins Company (“Watkins”), a 156-year-old American heritage brand renowned for its high-quality flavoring products. This strategic investment aims to leverage the strengths of both Cannae and KDSA to drive growth and innovation for Watkin's fast-growing portfolio of flavoring products in.
Neutral
Business Wire
3 months ago
Cannae Holdings, Inc. and KDSA to Acquire Majority Stake in The Watkins Company
WINONA, Minn.--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) in partnership with KDSA Investment Partners (“KDSA”) announced today an agreement to acquire a majority stake in The Watkins Company (“Watkins”), a 156-year-old American heritage brand renowned for its high-quality flavoring products. This strategic investment aims to leverage the strengths of both Cannae and KDSA to drive growth and innovation for Watkins' fast-growing portfolio of flavoring product.
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