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

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

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stratos Wealth Advisors LLC purchased a new stake in shares of INNOVATE in the third quarter valued at about $251,000. SG Americas Securities LLC purchased a new stake in INNOVATE during the third quarter worth about $38,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in INNOVATE during the third quarter worth about $96,000. Hedge funds and other institutional investors own 34.28% of the company’s stock.

INNOVATE Price Performance

NYSE VATE remained flat at $0.78 during trading hours on Thursday. 141,230 shares of the company were exchanged, compared to its average volume of 225,545. INNOVATE Corp. has a 1-year low of $0.53 and a 1-year high of $2.84. The firm has a 50-day simple moving average of $0.69 and a 200 day simple moving average of $0.96. The company has a market cap of $62.31 million, a PE ratio of -1.66 and a beta of 2.10.

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 company had revenue of $361.00 million for the quarter.

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.