INNOVATE Corp
VATE

$3.58

6.28%

Market Cap: $46.7M

About: Innovate Corp is a diversified holding company that has a portfolio of subsidiaries in a variety of operating segments which are; The infrastructure segment is comprised of DBM Global Inc, a fully integrated industrial construction, structural steel, and facility maintenance provider that provides fabrication and erection of structural steel and heavy steel plate services, The Life Sciences segment is comprised of Pansend Life Sciences which seeks to develop products to treat early osteoarthritis of the knee and aesthetic and medical technologies for the skin, and Spectrum segment is comprised of HC2 Broadcasting Holdings Inc which operates over-the-air broadcasting stations across the United States.

Employees: 4,024

Consumer Discretionary Fabricated Structural Metal Products

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

19% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 16

5% more funds holding

Funds holding: 60 [Q1] → 63 (+3) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

5.04% less ownership

Funds ownership: 36.09% [Q1] → 31.05% (-5.04%) [Q2]

20% less capital invested

Capital invested by funds: $20M [Q1] → $16M (-$4.02M) [Q2]

30% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 20

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for VATE.

See Analyst Rankings

Financial journalist opinion

INNOVATE Corp. Regains Compliance with NYSE Minimum Price Requirement

NEW YORK, Sept. 03, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it has received a letter from the New York Stock Exchange (“NYSE”) dated August 27, 2024 (the “Compliance Notice”), notifying the Company that it is no longer considered below the NYSE's continued listing criterion of a minimum average share price of US $1.00 over a 30 trading-day period (the "NYSE Minimum Price Requirement").

INNOVATE Corp. Regains Compliance with NYSE Minimum Price Requirement

INNOVATE Corp. (VATE) Q2 2024 Earnings Call Transcript

INNOVATE Corp. (VATE) Q2 2024 Earnings Call Transcript

INNOVATE Corp. (VATE) Q2 2024 Earnings Call Transcript

INNOVATE Corp. Announces Second Quarter 2024 Results

- Infrastructure: DBM Global achieved second quarter revenue of $305.2 million - - Life Sciences: R2 achieved record Glacial system sales in North America in the second quarter - - Spectrum: Broadcasting's growth driven by launch of new networks and cost-cutting efforts -

INNOVATE Corp. Announces Second Quarter 2024 Results

INNOVATE Corp. Announces Extension of Effective Date for Reverse Stock Split to August 8, 2024

NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that the Company is amending the effective date for its 1-for-10 reverse stock split of the Company's common stock, par value $0.001 per share (the “Common Stock”). The reverse stock split will become effective at 5:00 p.m. Eastern Time on August 8, 2024, after close of trading on the New York Stock Exchange. Previously, the Company planned for the reverse stock split to become effective on August 2, 2024. The Company's Common Stock is expected to begin trading on a split-adjusted basis when the markets open on August 9, 2024, under the existing trading symbol “VATE”.

INNOVATE Corp. Announces Extension of Effective Date for Reverse Stock Split to August 8, 2024

INNOVATE Corp. Announces 1-for-10 Reverse Stock Split of the Company's Common Stock

NEW YORK, July 19, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today that its Board of Directors has approved a 1-for-10 reverse stock split of the Company's common stock, par value $0.001 per share (the “Common Stock”). The reverse stock split will become effective at 5:00 p.m. Eastern Time on August 2, 2024, after close of trading on the New York Stock Exchange (“NYSE”). The Company's Common Stock is expected to commence trading on a split-adjusted basis when the markets open on August 5, 2024, under the existing trading symbol “VATE.”

INNOVATE Corp. Announces 1-for-10 Reverse Stock Split of the Company's Common Stock

INNOVATE Corp. to Report Second Quarter 2024 Results on August 7th

NEW YORK, July 17, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the second quarter 2024 on Wednesday, August 7, 2024, after market close. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 4:30 p.m. ET.

INNOVATE Corp. to Report Second Quarter 2024 Results on August 7th

INNOVATE Corp. (VATE) Q1 2024 Earnings Call Transcript

INNOVATE Corp. (NYSE:VATE ) Q1 2024 Earnings Conference Call May 7, 2024 4:30 PM ET Company Participants Paul Voigt – Interim Chief Executive Officer Mike Sena – Chief Financial Officer Conference Call Participants Operator Good afternoon, and welcome to INNOVATE Corp.'s First Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.

INNOVATE Corp. (VATE) Q1 2024 Earnings Call Transcript

INNOVATE Corp. Announces First Quarter 2024 Results

- Infrastructure: DBM Global achieved first quarter revenue of $307.9 million - - Life Sciences: R2 delivered record North America system sales in the first quarter 2024 - - Spectrum: Broadcasting's revenue growth driven by launch of new networks -

INNOVATE Corp. Announces First Quarter 2024 Results

INNOVATE Corp. to Report First Quarter 2024 Results on May 7th

NEW YORK, April 26, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (NYSE: VATE) (“INNOVATE” or the “Company”) announced today that it will release its financial results for the first quarter 2024 on Tuesday, May 7, 2024, after market close. The Company will host an earnings conference call reviewing these results, its operations and strategy on the same day, beginning at 4:30 p.m. ET.

INNOVATE Corp. to Report First Quarter 2024 Results on May 7th

INNOVATE Corp. Announces Closing of Rights Offering

NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- INNOVATE Corp. (“INNOVATE” or the “Company”) (NYSE: VATE), a diversified holding company, announced today the closing of its successful rights offering, which expired at 5:00 p.m., New York City time, on April 19, 2024. Pursuant to the terms of the rights offering, 5.2 million shares of common stock are being purchased pursuant to the exercise of basic subscription rights and 0.1 million additional shares of common stock are being purchased under the over-subscription privilege.

INNOVATE Corp. Announces Closing of Rights Offering

See News Rankings