Fortis Capital Advisors LLC bought a new stake in Innventure, Inc. (NASDAQ:INV – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 10,780 shares of the company’s stock, valued at approximately $52,000.
Several other institutional investors and hedge funds also recently made changes to their positions in INV. Bank of America Corp DE acquired a new position in shares of Innventure in the fourth quarter valued at approximately $126,000. Millennium Management LLC acquired a new position in shares of Innventure in the fourth quarter valued at approximately $429,000. FWG Holdings LLC acquired a new stake in Innventure during the first quarter worth approximately $111,000. PNC Financial Services Group Inc. acquired a new stake in Innventure during the first quarter worth approximately $2,284,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in Innventure during the first quarter worth approximately $116,000. Institutional investors and hedge funds own 55.98% of the company’s stock.
Innventure Stock Down 10.8%
Shares of INV opened at $5.02 on Friday. Innventure, Inc. has a 52 week low of $3.00 and a 52 week high of $15.21. The company has a current ratio of 0.29, a quick ratio of 0.20 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average of $5.22 and a 200-day moving average of $5.11.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Innventure in a research report on Saturday, September 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Innventure has a consensus rating of “Buy” and an average target price of $14.00.
Get Our Latest Analysis on INV
Innventure Company Profile
Innventure Inc founds, funds and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. Innventure Inc, formerly known as Learn CW Investment Corporation, is based in ORLANDO, Fla.
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