Icahn Enterprises L.P. (NASDAQ:IEP) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 1,623.0% during the fourth quarter, Holdings Channel reports. The firm owned 334,483 shares of the conglomerate’s stock after acquiring an additional 315,070 shares during the quarter. International Assets Investment Management LLC’s holdings in Icahn Enterprises were worth $5,750,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of IEP. Envestnet Asset Management Inc. acquired a new stake in shares of Icahn Enterprises in the 1st quarter worth about $200,000. Raymond James & Associates increased its holdings in shares of Icahn Enterprises by 41.5% in the 1st quarter. Raymond James & Associates now owns 41,419 shares of the conglomerate’s stock worth $2,151,000 after acquiring an additional 12,146 shares during the period. HighTower Advisors LLC increased its holdings in shares of Icahn Enterprises by 35.6% in the 1st quarter. HighTower Advisors LLC now owns 7,801 shares of the conglomerate’s stock worth $406,000 after acquiring an additional 2,049 shares during the period. Oxford Financial Group Ltd. acquired a new stake in shares of Icahn Enterprises in the 1st quarter worth about $377,000. Finally, Equitable Holdings Inc. acquired a new stake in shares of Icahn Enterprises in the 1st quarter worth about $338,000. 87.09% of the stock is owned by institutional investors and hedge funds.

Icahn Enterprises Stock Performance

Shares of IEP opened at $17.26 on Tuesday. The firm has a 50-day moving average price of $18.41 and a 200 day moving average price of $17.88. The firm has a market capitalization of $7.41 billion, a PE ratio of -9.54 and a beta of 0.84. The company has a quick ratio of 5.70, a current ratio of 5.70 and a debt-to-equity ratio of 1.19. Icahn Enterprises L.P. has a 52-week low of $15.00 and a 52-week high of $52.93.

Icahn Enterprises (NASDAQ:IEP) last announced its earnings results on Wednesday, February 28th. The conglomerate reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.54). The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.73 billion. Icahn Enterprises had a negative net margin of 6.21% and a negative return on equity of 9.60%. On average, sell-side analysts anticipate that Icahn Enterprises L.P. will post 0.93 earnings per share for the current fiscal year.

Icahn Enterprises Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Monday, March 11th will be given a $1.00 dividend. The ex-dividend date of this dividend is Friday, March 8th. This represents a $4.00 dividend on an annualized basis and a yield of 23.17%. Icahn Enterprises’s dividend payout ratio is presently -220.99%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Icahn Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, March 12th.

Icahn Enterprises Company Profile

Icahn Enterprises L.P., through its subsidiaries, engages in the investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. The Investment segment invests its proprietary capital through various private investment funds. This segment provides investment advisory and other related services.