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Numerai GP LLC Reduces Holdings in Hubbell Inc $HUBB
Numerai GP LLC significantly reduced its stake in Hubbell Inc. (NYSE: HUBB) in the third quarter, selling 6,459 shares and retaining 4,481 shares valued at $1.928 million. Despite this reduction by one institutional investor, other firms increased their positions, and analysts generally maintain a “Moderate Buy” rating with an average target price of $536. Hubbell recently exceeded quarterly EPS expectations, reported an 11.9% revenue increase, and announced a quarterly dividend of $1.42 per share.