INNOVATE (VATE) to Release Quarterly Earnings on Wednesday

INNOVATE (NYSE:VATE – Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, August 9th. Parties interested in listening to the company’s conference call can do so using this link.

INNOVATE (NYSE:VATE – Get Free Report) last announced its quarterly earnings results on Wednesday, May 10th. The company reported ($0.13) earnings per share (EPS) for the quarter. The firm had revenue of $317.90 million for the quarter.

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INNOVATE Stock Performance

Shares of VATE opened at $1.65 on Wednesday. The company has a 50-day simple moving average of $1.66 and a 200-day simple moving average of $2.42. INNOVATE has a 52-week low of $0.64 and a 52-week high of $3.53.

Hedge Funds Weigh In On INNOVATE

A number of large investors have recently made changes to their positions in the stock. Jane Street Group LLC purchased a new position in shares of INNOVATE in the 1st quarter valued at about $933,000. Squarepoint Ops LLC purchased a new position in shares of INNOVATE in the 1st quarter valued at about $84,000. Balyasny Asset Management L.P. purchased a new position in shares of INNOVATE in the 1st quarter valued at about $47,000. Schonfeld Strategic Advisors LLC increased its holdings in shares of INNOVATE by 192.5% in the 1st quarter. Schonfeld Strategic Advisors LLC now owns 31,000 shares of the company’s stock valued at $92,000 after purchasing an additional 20,400 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in INNOVATE during the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 33.43% of the company’s stock.

About INNOVATE

(Get Free Report)

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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