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, BKFC, Corporate and Other. 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: 7,317
0
Funds holding %
of 7,419 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
43% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 23
5% more capital invested
Capital invested by funds: $966M [Q3] → $1.02B (+$49M) [Q4]
4% more funds holding
Funds holding: 199 [Q3] → 207 (+8) [Q4]
0.53% more ownership
Funds ownership: 80.79% [Q3] → 81.32% (+0.53%) [Q4]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q3] → 5 (-1) [Q4]
19% less repeat investments, than reductions
Existing positions increased: 58 | Existing positions reduced: 72
62% less call options, than puts
Call options by funds: $79K | Put options by funds: $207K
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$22
31%
upside
Avg. target
$23
34%
upside
High target
$23
37%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Oppenheimer Ian Zaffino 15% 1-year accuracy 4 / 27 met price target | 31%upside $22 | Outperform Maintained | 7 Mar 2025 |
RBC Capital Kenneth Lee 13% 1-year accuracy 7 / 55 met price target | 37%upside $23 | Outperform Maintained | 26 Feb 2025 |
Financial journalist opinion
Based on 3 articles about CNNE published over the past 30 days
Positive
Zacks Investment Research
1 week ago
Cannae (CNNE) Surges 7.8%: Is This an Indication of Further Gains?
Cannae (CNNE) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
Neutral
Business Wire
3 weeks ago
Cannae Holdings, Inc. Announces Expected Use of At Least $460 Million for Share Repurchases, Dividends, and Debt Repayment
LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that it plans to use at least $460 million, from the proceeds of the recently announced sale of Dun & Bradstreet (“DNB”), to repurchase shares of its common stock, pay future quarterly dividends, and retire existing debt. As a result, Cannae would utilize at least 72% of its expected DNB sale proceeds as a capital return to shareholders and as debt repayment. The Company expects to rep.
Neutral
Business Wire
3 weeks ago
Cannae Holdings, Inc. Announces Support for Dun & Bradstreet Sale Transaction, An Increase in Share Buyback Authorization and a Transition to a Declassified Board
LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced its support for the sale of Dun & Bradstreet (“DNB”), increased its share buyback authorization to approximately 23 million shares, and plans to transition to a declassified board with annual elections. William P. Foley, II, CEO and Chairman of Cannae, commented, "I would like to congratulate the DNB Board of Directors and management team on their recent announcement of the sale of the.
Neutral
Business Wire
1 month ago
Cannae Holdings, Inc. Responds to Carronade Capital and Affirms the Board of Directors' and Management's Focus on Driving Long-Term Value Creation
LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today issued a response to Carronade Capital's recent statement and director nomination notice. The Company also highlighted the significant actions already taken to position the Company for long-term value creation. In February 2024, Cannae began taking decisive action, with a sharp eye towards improving and monetizing its investment holdings, returning capital to shareholders, and reducing operational e.
Neutral
Seeking Alpha
1 month ago
Cannae Holdings, Inc. (CNNE) Q4 2024 Earnings Call Transcript
Cannae Holdings, Inc. (NYSE:CNNE ) Q4 2024 Results Conference Call February 24, 2025 5:00 PM ET Company Participants Jamie Lillis - Solebury Strategic Communications Ryan Caswell - Chief Executive Officer Bryan Coy - Chief Financial Officer Conference Call Participants John Campbell - Stephens Ian Zaffino - Oppenheimer Kenneth Lee - RBC Capital Markets Operator Good afternoon, ladies and gentlemen, and welcome to the Cannae Holdings Fourth Quarter 2024 Financial Results Conference Call. During today's presentation, all parties will be in a listen-only mode.
Neutral
Business Wire
1 month ago
Cannae Holdings, Inc. Announces Fourth Quarter and Full Year 2024 Financial Results
LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) has released its fourth quarter and full year 2024 financial results by posting them to its website. Please visit the Cannae website at www.cannaeholdings.com to view the fourth quarter and full year 2024 financial results, which are included in its Letter to Shareholders. Conference Call As previously announced, Cannae will host a conference call, today, February 24, 2025 at 5:00pm (Eastern Time), to dis.
Neutral
Business Wire
1 month 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 March 31, 2025, to shareholders of record as of March 17, 2025. 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 and ac.
Neutral
Business Wire
2 months ago
Cannae Holdings, Inc. Announces Fourth Quarter and Full Year 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 fourth quarter and full year 2024 financial results after the market close on Monday, February 24, 2025. 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.
Positive
Reuters
4 months 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
4 months 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.
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