Cannae Holdings Inc (NYSE: CNNE) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that Cannae Holdings, Inc. Announces Third Quarter 2023 Financial Results.

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Stocks Info

Cannae Holdings Inc is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Restaurants industry. At the end of the last regular session, the stock closed at $20.39 and fluctuated between $20.47 as its day high and $20.16 as its day low. The current market capitalization of Cannae Holdings Inc is $1.44B. A total of 0.49 million shares were traded on the day, compared to an average of 482.51K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, CNNE has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 1,574 shares. Over the last 12 months, there were 6 BUYs and 3 SELLs from insiders. Insiders purchased 349,246 shares during that period but sold 8,198.

In the most recent transaction, Massey Richard N bought 50,000 shares of CNNE for 18.66 per share on Sep 26. After the transaction, the Chief Executive Officer now owns 427,417 company shares. In a previous transaction on Sep 06, Cannae Holdings, Inc. sold 110,000 shares at 1.85 per share. CNNE shares that 10% Owner owns now total 27,012,794.

Among the insiders who bought shares, Massey Richard N acquired of 50,000 shares on May 12 at a per-share price of $18.01. This resulted in the Chief Executive Officer holding 377,417 shares of CNNE after the transaction.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for CNNE in the last 3 months, the mean price target is $27.00 with high estimates of $30.00 and low estimates of $25.00. In terms of 52-week highs and lows, CNNE has a high of $25.48 and a low of $15.93.

As of this writing, CNNE has an earnings estimate of -$0.55 per share for the current quarter. EPS was calculated based on a consensus of 3 estimates, with a high estimate of -$0.43 per share and a lower estimate of -$0.66. The company reported an EPS of -$1.16 in the last quarter, which was -3,766.70% lower than expectations of -$0.03.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CNNE’s latest balance sheet shows that the firm has $85.80M in Cash & Short Term Investments as of fiscal 2021. There were $235.80M in debt and $179.50M in liabilities at the time. Its Book Value Per Share was $33.76, while its Total Shareholder’s Equity was $3.34B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CNNE is Buy with a score of 4.67.

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