Cannae Holdings, Inc. (CNNE) recently specified operating results for the 3 and nine-month durations ended September 30, 2019.
On 16 Jan 2020, Cannae Holdings, Inc. (NYSE: CNNE) stock observed trading -0.23% off 52-week high rate. On the other end, the stock has actually been noted 118.17% away from low cost over the last 52-weeks. The stock disclosed a move of 8.07% away from 50 day moving average and 31.94% far from 200 day moving average. Moving more detailed, we can see that shares have actually been trading 3.31% off 20-day moving average.
As of September 30, 2019, total book value of portfolio company financial investments was $1.212 B, or $16.81 per share, contrast to overall book value of $1.125 B, or $15.58 per share, at December 31, 2018.
On September 4, 2019 Cannae got net proceeds of $112.0 M and recorded a gain of $82.2 M upon the closing of its sale of 2,000,000 shares of normal stock of Ceridian HCM Holding Inc. (” Ceridian”) as part of an underwritten secondary public offering
” Ceridian delivered another strong quarter from its Cloud services service as evidenced by the 30.2% increase in Dayforce revenue contrast to the previous year quarter,” commented Chairman William P. Foley, II. Cannae presently owns about 28.7 M shares of Ceridian, representing an approximate 20% ownership stake, now worth $1.6 B based on Ceridians closing rate of $55.14 on November 8, 2019.”.
On September 19, 2019, Cannae reported a three-year, 5M share bought program.
Mr. Foley continued, “D&Bs management group continues to make important development changing D&Bs operations and culture, having actually almost attained their full year, $200M expenditure decrease target in the 2019 third quarter. Significantly, the sales force re-organization is driving an acceleration to growth as changed incomes increased 8.5% contrast to the previous year quarter driven in part by improved sales efficiency and cross selling. Looking forward, we continue to see opportunities to make use of D&Bs substantial and proprietary data to produce brand-new products and profits streams to more speed up organic sales development.”.
Relying on our restaurant group, the ABRH management group provided an improvement to the groups financial efficiency throughout the 3rd quarter as the efforts created to minimize costs and improve our shops operations are taking hold. While we have more to achieve, the groups results this quarter are an important step in positioning the brand names for money making.”.
CNNEs shares are at 39.56% for the quarter and driving a 116.02% return over the course of the previous year and is now at 5.49% because this point in 2018. The typical volatility for the week and month was at 1.80% and 2.27% respectively.
Since September 30, 2019, holding company money amounted to $104.3 M.
Year-to-date, Cannae has actually sold 4,000,000 shares of Ceridian normal stock for aggregate proceeds of $212.5 M leading to book gains of $153.3 M.
Starting in the third quarter of 2019 Cannae will report Dun & & Bradstreets (” D&B”) monetary results on an existing quarter basis as contrast to the lag basis prior to used
Cannae entered into a management services agreement with Trasimene Capital and has actually transitioned to an externally handled structure beginning November 1, 2019.
Under the management services agreement, Cannae will pay a quarterly management cost to Trasimene equal to 0.375% of Cannaes Cost of Investment which totaled $971.5 M since November 1, 2019.
CNNEs shares are at 39.56% for the quarter and driving a 116.02% return over the course of the previous year and is now at 5.49% considering that this point in 2018. The typical volatility for the week and month was at 1.80% and 2.27% respectively.
The stock revealed a move of 8.07% away from 50 day moving average and 31.94% away from 200 day moving average. Moving more detailed, we can see that shares have been trading 3.31% off 20-day moving average.