Icahn Enterprises L.P. (NASDAQ:IEP) Shares Sold by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. trimmed its holdings in Icahn Enterprises L.P. (NASDAQ:IEP) by 48.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,723 shares of the conglomerate’s stock after selling 10,187 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Icahn Enterprises were worth $184,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BNP Paribas Arbitrage SA grew its stake in shares of Icahn Enterprises by 4,112.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 334,579 shares of the conglomerate’s stock valued at $17,375,000 after purchasing an additional 326,637 shares during the last quarter. International Assets Investment Management LLC grew its position in Icahn Enterprises by 1,623.0% in the 4th quarter. International Assets Investment Management LLC now owns 334,483 shares of the conglomerate’s stock valued at $5,750,000 after buying an additional 315,070 shares during the last quarter. Morgan Stanley grew its position in Icahn Enterprises by 53.0% in the 4th quarter. Morgan Stanley now owns 837,448 shares of the conglomerate’s stock valued at $42,417,000 after buying an additional 290,199 shares during the last quarter. BNP Paribas Arbitrage SNC increased its stake in Icahn Enterprises by 185.9% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 158,279 shares of the conglomerate’s stock valued at $8,185,000 after buying an additional 102,911 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Icahn Enterprises during the 3rd quarter worth $1,302,000. Hedge funds and other institutional investors own 87.09% of the company’s stock.

Analyst Ratings Changes

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

Icahn Enterprises Price Performance

Shares of IEP opened at $17.08 on Wednesday. The company has a current ratio of 5.70, a quick ratio of 5.70 and a debt-to-equity ratio of 1.19. The stock’s 50 day moving average is $18.38 and its two-hundred day moving average is $17.86. Icahn Enterprises L.P. has a twelve month low of $15.00 and a twelve month high of $52.93. The firm has a market capitalization of $7.33 billion, a PE ratio of -9.44 and a beta of 0.84.

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

Icahn Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Monday, March 11th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Friday, March 8th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 23.42%. Icahn Enterprises’s dividend payout ratio (DPR) is presently -220.99%.

Icahn Enterprises 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.