14,855 Shares in INNOVATE Corp. (NYSE:VATE) Purchased by MSH Capital Advisors LLC

MSH Capital Advisors LLC acquired a new stake in INNOVATE Corp. (NYSE:VATE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,855 shares of the company’s stock, valued at approximately $73,000. MSH Capital Advisors LLC owned 0.11% of INNOVATE as of its most recent SEC filing.

Separately, ARS Investment Partners LLC raised its stake in INNOVATE by 38.1% in the 4th quarter. ARS Investment Partners LLC now owns 85,170 shares of the company’s stock valued at $421,000 after acquiring an additional 23,500 shares during the period. 34.28% of the stock is currently owned by hedge funds and other institutional investors.

INNOVATE Price Performance

NYSE:VATE opened at $5.81 on Friday. INNOVATE Corp. has a one year low of $3.25 and a one year high of $13.79. The firm’s fifty day moving average price is $8.45 and its two-hundred day moving average price is $6.96. The company has a market cap of $77.11 million, a P/E ratio of -1.62 and a beta of 2.56.

INNOVATE (NYSE:VATE) last issued its quarterly earnings data on Monday, March 31st. The company reported ($1.29) earnings per share for the quarter. The business had revenue of $236.60 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.