Icahn Enterprises L.P. (NASDAQ:IEP) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lessened its stake in Icahn Enterprises L.P. (NASDAQ:IEP) by 2.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 37,585 shares of the conglomerate’s stock after selling 1,054 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Icahn Enterprises were worth $646,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fort Point Capital Partners LLC increased its holdings in shares of Icahn Enterprises by 319.4% in the third quarter. Fort Point Capital Partners LLC now owns 80,100 shares of the conglomerate’s stock valued at $1,584,000 after purchasing an additional 61,000 shares during the last quarter. International Assets Investment Management LLC increased its holdings in shares of Icahn Enterprises by 1,623.0% in the fourth quarter. International Assets Investment Management LLC now owns 334,483 shares of the conglomerate’s stock valued at $5,750,000 after purchasing an additional 315,070 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Icahn Enterprises by 18.9% in the fourth quarter. AdvisorNet Financial Inc now owns 36,335 shares of the conglomerate’s stock valued at $625,000 after purchasing an additional 5,779 shares during the last quarter. MKT Advisors LLC acquired a new stake in shares of Icahn Enterprises in the fourth quarter valued at approximately $1,064,000. Finally, Citigroup Inc. increased its holdings in shares of Icahn Enterprises by 45.7% in the third quarter. Citigroup Inc. now owns 8,835 shares of the conglomerate’s stock valued at $175,000 after purchasing an additional 2,772 shares during the last quarter. Institutional investors and hedge funds own 87.09% of the company’s stock.

Icahn Enterprises Price Performance

IEP stock opened at $17.27 on Friday. The business has a fifty day moving average of $18.08 and a two-hundred day moving average of $17.79. The company has a quick ratio of 5.70, a current ratio of 5.70 and a debt-to-equity ratio of 1.19. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of -9.54 and a beta of 0.84. Icahn Enterprises L.P. has a 52-week low of $15.00 and a 52-week high of $51.65.

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

Icahn Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Monday, March 11th were paid a $1.00 dividend. The ex-dividend date was Friday, March 8th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 23.16%. Icahn Enterprises’s payout ratio is presently -220.99%.

Analyst Ratings Changes

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

About Icahn Enterprises

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.