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CNNE

Cannae Holdings, Inc.

https://www.cannaeholdings.com

Industry

Restaurants

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. is based in Las Vegas, Nevada.

Open

20.58

Mkt cap

1.3B

Volume

318K

High

20.58

P/E Ratio

-3.01

52-wk high

22.99

Low

20.29

Div yield

0.01

52-wk low

16.94

Cannae Holdings, Inc. (CNNE) has announced the termination of its Management Services Agreement with Trasimene Capital Management, effective July 2, 2024. Trasimene will receive a fixed management fee of $7.6 million annually for three years and a $20 million termination fee, payable in three annual installments starting July 2, 2024. William P. Foley, II will serve as CEO, CIO, and Chairman of Cannae's Board, and Ryan Caswell will continue as President of the Company, both under three-year employment agreements.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 11:27 am

Cannae Holdings, Inc. (CNNE) shares have seen an uptick following the announcement of its fourth-quarter financial results and a strategic partnership with JANA Partners. This development indicates a positive reception from the market, likely due to the potential growth and value addition from the partnership with JANA Partners, alongside strong Q4 performance.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 4:06 pm

In Thursday's pre-market session, several financial stocks showed significant movement. Root, Remitly Global, Lion Group Holding, and B. Riley Financial were among the top gainers, with notable increases in their share prices following their Q4 earnings releases. Conversely, CURO Group Holdings, MicroSectors FANG Index -3X Inverse Leveraged ETNs, Axis Capital Holdings, Carver Bancorp, Jackson Finl, and Cheche Group were the top losers, experiencing declines in their stock prices.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 1:06 pm

Cannae Holdings (NYSE:CNNE) reported Q4 2023 GAAP EPS of $(0.83), missing the $(0.55) estimate, with sales of $119.30M also missing the $138.27M estimate. This represents a 23.38% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 21, 2024 | 10:12 pm

The article lists companies scheduled to report their earnings on February 21, 2024, including their expected earnings per share and revenue. It covers a wide range of industries and includes both companies expected to report profits and losses.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 10:09 am

Cannae Holdings (NYSE:CNNE) is scheduled to release its quarterly earnings report on February 21, 2024, with analysts expecting an EPS of $-0.55. The company's past earnings performance shows a history of not meeting EPS estimates, leading to negative stock price reactions. Shares are currently trading at $20.69, reflecting an 8.48% decrease over the last year. Investors are looking for positive guidance for the next quarter.

Portfolio Pulse from Benzinga Insights

February 20, 2024 | 7:02 pm

Cannae Holdings has announced significant leadership changes, appointing William P. Foley as CEO while Richard Massey will serve as Vice Chairman of the Board. Foley will also retain his position as Chairman of the Board, and Ryan Caswell will continue as the President of the Company.

Portfolio Pulse from Benzinga Newsdesk

February 12, 2024 | 12:09 pm

RBC Capital analyst Kenneth Lee has maintained an 'Outperform' rating on Cannae Holdings (NYSE:CNNE) but lowered the price target from $27 to $26.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 7:44 pm

Stephens & Co. analyst John Campbell has maintained an Overweight rating on Cannae Holdings (NYSE:CNNE) but lowered the price target from $36 to $30.

Portfolio Pulse from Benzinga Newsdesk

November 08, 2023 | 4:43 pm

Cannae Holdings (NYSE:CNNE) reported Q3 losses of $(2.18) per share, missing the analyst consensus estimate of $(0.33) by 560.61%. This is a 415.94% decrease from last year's earnings. The company also reported quarterly sales of $143.60 million, missing the analyst consensus estimate of $149.17 million by 3.73%. This is a 12.71% decrease from last year's sales.

Portfolio Pulse from Benzinga Newsdesk

November 07, 2023 | 10:30 pm

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