INNOVATE (NYSE:VATE – Get Free Report) is set to post its quarterly earnings results after the market closes on Monday, March 4th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
INNOVATE Stock Down 3.9 %
VATE stock opened at $0.79 on Monday. The firm has a market cap of $62.76 million, a PE ratio of -1.80 and a beta of 2.15. The business has a 50 day moving average of $1.02 and a 200-day moving average of $1.26. INNOVATE has a 12-month low of $0.78 and a 12-month high of $3.53.
Hedge Funds Weigh In On INNOVATE
Several institutional investors have recently modified their holdings of VATE. JPMorgan Chase & Co. grew its holdings in INNOVATE by 22.0% during the first quarter. JPMorgan Chase & Co. now owns 22,362 shares of the company’s stock valued at $83,000 after purchasing an additional 4,028 shares during the period. Bank of Montreal Can bought a new position in INNOVATE during the first quarter valued at $1,585,000. Whitefort Capital Management LP grew its holdings in INNOVATE by 554.3% during the first quarter. Whitefort Capital Management LP now owns 1,594,327 shares of the company’s stock valued at $5,883,000 after purchasing an additional 1,350,662 shares during the period. Goldman Sachs Group Inc. grew its holdings in INNOVATE by 549.5% during the first quarter. Goldman Sachs Group Inc. now owns 653,953 shares of the company’s stock valued at $2,413,000 after purchasing an additional 553,268 shares during the period. Finally, Jane Street Group LLC bought a new position in INNOVATE during the first quarter valued at $38,000. 32.66% of the stock is owned by institutional investors.
About INNOVATE
INNOVATE Corp., through its subsidiaries, operates in infrastructure, life sciences, and spectrum areas in the United States. The Infrastructure segment provides industrial construction, structural steel, and facility maintenance services, such as fabrication and erection of structural steel and heavy steel plate services, and large-diameter water pipes and water storage tanks; fabrication of trusses and girders; and 3-D building information modeling and detailing for commercial, industrial, and infrastructure construction projects, such as buildings and office complexes, hotels and casinos, convention centers, sports arenas and stadiums, shopping malls, hospitals, dams, bridges, mines, metal processing, refineries, pulp and paper mills, and power plants.
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Read More: INNOVATE (VATE) Scheduled to Post Quarterly Earnings on Monday