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Cannae Holdings Inc   (CNNE)
Other Ticker:  
 
    Sector  Services    Industry Restaurants
   Industry Restaurants
   Sector  Services
 
Price: $21.9300 $-0.18 -0.814%
Day's High: $22.18 Week Perf: 9.21 %
Day's Low: $ 21.65 30 Day Perf: 6.98 %
Volume (M): 1,406 52 Wk High: $ 22.92
Volume (M$): $ 30,834 52 Wk Avg: $19.40
Open: $22.18 52 Wk Low: $15.93



 Market Capitalization (Millions $) 1,581
 Shares Outstanding (Millions) 72
 Employees 46
 Revenues (TTM) (Millions $) 606
 Net Income (TTM) (Millions $) -239
 Cash Flow (TTM) (Millions $) -313
 Capital Exp. (TTM) (Millions $) 11

Cannae Holdings Inc
Cannae Holdings, Inc. is a diversified holding company based in Las Vegas, Nevada. The company was founded in 2017 by activist investor William Foley II, who also serves as the company's Chairman. Cannae Holdings operates in a range of different businesses, including data analytics, financial services, restaurant and cuisine, and certain gaming markets. The company invests tactically and structurally to help businesses scale and develop.

Cannae Holdings' business model is focused on making strategic investments in companies that it believes have long-term growth potential. This investment approach aims to create value for Cannae's shareholders by allowing the company to benefit from the success of its various subsidiaries. Cannae Holdings' subsidiaries include CoreLogic, a leading provider of real estate data analytics, and Dun & Bradstreet, a global provider of business information services.

Cannae Holdings is also a major shareholder in a number of other businesses, including Ceridian HCM, a cloud-based human capital management software provider, and Caspio, a platform that facilitates the creation of web applications. The company is also involved in the restaurant and cuisine industry, with its subsidiaries including Black Knight, a consumer brand designed for culinary aficionados, and American Blue Ribbon Holdings, which operates restaurants across the United States.

Beyond its traditional investment activities, Cannae Holdings is well known for its involvement in the gaming industry. The company holds a stake in sports data provider Sportradar, and has also been involved in various merger and acquisition (M&A) deals in the gaming and hospitality sectors. These include the proposed merger of casino operator Caesars Entertainment with rival gaming company Eldorado Resorts, which Cannae Holdings actively sought to influence.

Cannae's management team is led by Chairman Bill Foley and CEO Richard Massey, both of whom are experienced investors and executives. The company's board of directors includes a number of industry veterans with expertise in a range of different sectors. Overall, Cannae Holdings is a diversified, publicly traded holding company that is focused on creating long-term value for its shareholders through strategic investments in promising businesses across a wide range of industries.


   Company Address: 1701 Village Center Circle, Las Vegas, 89134 NV
   Company Phone Number: 323-7330   Stock Exchange / Ticker: NYSE CNNE
   CNNE is expected to report next financial results on February 29, 2024.


   

Stock Performances by Major Competitors

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Contract

Cannae Holdings Terminates Management Services Agreement: A Strategic Move to Optimize Operations

Published Tue, Feb 27 2024 11:25 AM UTC

In a recent announcement, Cannae Holdings, Inc. revealed its decision to wind down its Management Services Agreement (MSA) with Trasimene Capital Management, LLC. This significant development indicates a strategic shift for Cannae as it aims to streamline its operations and enhance its financial standing. Let us delve deeper into the facts surrounding this decision and asses...

Contract

Cannae Holdings, Inc. and JANA Partners Forge Strategic Alliance to Amplify Shareholder Value and Uncover Lucrative Opportunities

Published Wed, Feb 21 2024 9:42 PM UTC

ConclusionThe strategic partnership between Cannae Holdings, Inc. and JANA Partners underscores their commitment to driving enhanced shareholder value. By combining Cannae's expertise in control acquisitions and JANA's shareholder engagement strategies, both companies can capitalize on their respective strengths to uncover lucrative opportunities and create further value for...

Management Changes

Cannae Holdings Taps William P. Foley II as CEO in the Midst of Cumulative Net Losses, Aims to Steer a Path Towards Recovery

Published Mon, Feb 12 2024 12:06 PM UTC

Cannae Holdings, Inc. Announces William P. Foley II as CEO and its Struggle with Cumulative Losses
LAS VEGAS - Cannae Holdings, Inc. (NYSE: CNNE), a prominent investment company, has recently appointed Chairman William P. Foley II as its Chief Executive Officer (CEO), signaling a change in leadership amidst financial challenges. The announcement came as Cannae Holdings...

Cannae Holdings Inc

Cannae Holdings Inc Reports Troubling $-2.18 Shortfall per Share, Exposes Declining Profitability Trend in Latest Fiscal Period

Cannae Holdings Inc (NYSE: CNNE) recently released its financial results for the fiscal period ending September 30, 2023. The report highlighted a significant shortfall per stock of $-2.18 per share, compared to $0.69 in the previous year and a further decline from $-1.16 per share from the preceding quarter. This trend indicates a concerning downward trajectory for the company's profitability.
One of the most concerning aspects of Cannae's financial report is the considerable decrease in revenue by -12.705%, which amounted to $143.60 million compared to $164.50 million in the same quarter the previous year. Sequentially, revenue also declined by -6.021% from $152.80 million. This revenue slump stands out even more when compared to the rest of the restaurant industry, which experienced a rise in top-line figures.

Cannae Holdings Inc

Cannae Holdings Inc faces net loss improvement in 2Q2023 amidst weak sales and declining stock prices

Cannae Holdings Inc, a company in the Restaurants sector, has experienced a decline in its stock prices over the past month. The shares went down by -3.93%, showing a negative trend. Over the course of the last 12 months, the shares saw a significant decrease of 23.29%. Despite this, the shares are still trading 14.1% above their 52-week low, which suggests some level of resilience in the market.
In terms of financial performance, Cannae Holdings Inc faced a net loss of $-1.16 per share in the second quarter of 2023. This is an improvement compared to the same quarter the previous year when the loss per share was $-3.15. Additionally, the company saw its deficit grow from $-0.05 per share in the prior quarter. While this indicates some improvement, it is important to note that the company is still operating at a loss.






 

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