Cannae Holdings (CNNE)

• Market cap: $1.25B
• 1 day: 1.52%
• 5 days: -2.73%
• 1 month: -2.68%
• 3 months: 3.52%
• 6 months: 14.56%
• Year to date: 1.22%
• 1 year: 2.67%
• 5 years: -47.77%
• 10 years: 8.70%
• Sector: Consumer Discretionary
• Industry: Eating & Drinking Places

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

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: $923M [Q2] → $966M (+$43M) [Q3]

0.35% less ownership

Funds ownership: 81.15% [Q2] → 80.8% (-0.35%) [Q3]

5% less repeat investments, than reductions

Existing positions increased: 61 | Existing positions reduced: 64

2% less funds holding

Funds holding: 203 [Q2] → 199 (-4) [Q3]

13% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 31

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $27 35% upside
• Avg. target: $27 35% upside
• High target: $27 35% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

RBC Capital Kenneth Lee 69% 1-year accuracy 45 / 65 met price target

35% upside $27

Outperform Maintained

14 Nov 2024