Mirae Asset Global Investments Co. Ltd. Has $4.61 Million Stock Holdings in Icahn Enterprises L.P. (NASDAQ:IEP)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Icahn Enterprises L.P. (NASDAQ:IEPFree Report) by 621.0% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 270,995 shares of the conglomerate’s stock after buying an additional 233,410 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of Icahn Enterprises worth $4,610,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in Icahn Enterprises by 22.3% in the 1st quarter. International Assets Investment Management LLC now owns 23,798 shares of the conglomerate’s stock valued at $404,000 after purchasing an additional 4,340 shares during the period. AdvisorNet Financial Inc increased its stake in Icahn Enterprises by 18.9% during the 4th quarter. AdvisorNet Financial Inc now owns 36,335 shares of the conglomerate’s stock worth $625,000 after acquiring an additional 5,779 shares during the period. MKT Advisors LLC acquired a new position in Icahn Enterprises in the 4th quarter valued at $1,064,000. Citigroup Inc. raised its holdings in Icahn Enterprises by 45.7% in the 3rd quarter. Citigroup Inc. now owns 8,835 shares of the conglomerate’s stock valued at $175,000 after acquiring an additional 2,772 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Icahn Enterprises by 6.0% during the 4th quarter. National Bank of Canada FI now owns 10,600 shares of the conglomerate’s stock valued at $187,000 after acquiring an additional 600 shares during the period. Institutional investors own 87.09% of the company’s stock.

Icahn Enterprises Stock Performance

NASDAQ IEP opened at $16.83 on Thursday. The firm’s 50 day simple moving average is $16.77 and its 200 day simple moving average is $17.58. The firm has a market capitalization of $7.59 billion, a price-to-earnings ratio of -14.63 and a beta of 0.80. The company has a current ratio of 4.62, a quick ratio of 4.62 and a debt-to-equity ratio of 1.17. Icahn Enterprises L.P. has a 1 year low of $15.00 and a 1 year high of $36.00.

Icahn Enterprises (NASDAQ:IEPGet Free Report) last released its earnings results on Wednesday, May 8th. The conglomerate reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.34). Icahn Enterprises had a negative return on equity of 7.04% and a negative net margin of 4.30%. The business had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.79 billion. As a group, research analysts expect that Icahn Enterprises L.P. will post 0.53 earnings per share for the current fiscal year.

Icahn Enterprises Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Monday, May 20th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 23.77%. The ex-dividend date was Friday, May 17th. Icahn Enterprises’s dividend payout ratio (DPR) is presently -347.82%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Icahn Enterprises from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th.

Read Our Latest Analysis on IEP

About Icahn Enterprises

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Icahn Enterprises (NASDAQ:IEP)

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