Top 5 Stock Picks of Seth Rosen’s Nitorum Capital

4. Cannae Holdings, Inc. (NYSE:CNNE)

Nitorum Capital’s Stake Value: $106.26 million

Percentage of Nitorum Capital’s 13F Portfolio: 5.05%

Number of Hedge Fund Holders: 35

Cannae Holdings, Inc. (NYSE:CNNE) is a holding company headquartered in Las Vegas, Nevada. The principal investment firm mostly invests in restaurants, health care services, and financial services among a few others. Moreover, it takes both majority and minority stakes.

On December 21, RBC Capital analyst Kenneth Lee initiated coverage of Cannae Holdings, Inc. (NYSE:CNNE) with a $42 price target and an Outperform rating.

Cannae Holdings, Inc. (NYSE:CNNE) was mentioned by Madison Funds in its third-quarter 2021 investor letter. Here is what the firm said:

“Our investment in  Cannae was raised to a more typical position size. The underlying business continue to perform well and as we’ve gotten to know the management teams better over the past year, our confidence in their companies’ futures have increased, even as the market continues to undervalue both stocks. Cannae shares trade a large discount to its net asset value as computed using the market prices of its holdings.”