Teton Advisors Inc. Has $283,000 Holdings in INNOVATE Corp. (NYSE:VATE)

Teton Advisors Inc. lessened its holdings in INNOVATE Corp. (NYSE:VATE) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 230,000 shares of the company’s stock after selling 30,000 shares during the period. Teton Advisors Inc. owned 0.29% of INNOVATE worth $283,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Stratos Wealth Advisors LLC acquired a new position in INNOVATE during the 3rd quarter worth $251,000. Allspring Global Investments Holdings LLC acquired a new position in INNOVATE during the 3rd quarter worth $96,000. Finally, SG Americas Securities LLC acquired a new position in INNOVATE during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 34.28% of the company’s stock.

INNOVATE Stock Performance

INNOVATE stock remained flat at $0.78 on Thursday. 141,230 shares of the company’s stock were exchanged, compared to its average volume of 225,545. The firm has a market cap of $62.31 million, a PE ratio of -1.66 and a beta of 2.10. INNOVATE Corp. has a 52-week low of $0.53 and a 52-week high of $2.84. The company’s fifty day moving average is $0.69 and its two-hundred day moving average is $0.96.

INNOVATE (NYSE:VATE) last posted its quarterly earnings data on Monday, March 4th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $361.00 million for the quarter.

INNOVATE Company Profile

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.