Jane Street Group LLC Lowers Holdings in INNOVATE Corp. (NYSE:VATE)

Jane Street Group LLC decreased its holdings in INNOVATE Corp. (NYSE:VATE) by 68.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,189 shares of the company’s stock after selling 33,343 shares during the quarter. Jane Street Group LLC owned approximately 0.11% of INNOVATE worth $56,000 at the end of the most recent quarter.

Separately, Gabelli Funds LLC lifted its position in INNOVATE by 20.9% during the 2nd quarter. Gabelli Funds LLC now owns 289,801 shares of the company’s stock worth $175,000 after acquiring an additional 50,000 shares in the last quarter. 34.28% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at INNOVATE

In other news, CEO Paul Voigt purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average cost of $3.98 per share, with a total value of $99,500.00. Following the transaction, the chief executive officer now owns 25,000 shares in the company, valued at approximately $99,500. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 55.20% of the stock is currently owned by corporate insiders.

INNOVATE Stock Up 1.9 %

Shares of VATE opened at $4.87 on Thursday. The business’s 50 day moving average is $5.24 and its two-hundred day moving average is $4.96. INNOVATE Corp. has a 52-week low of $3.25 and a 52-week high of $10.80. The firm has a market cap of $64.58 million, a price-to-earnings ratio of -1.36 and a beta of 2.41.

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.