Icahn Enterprises L.P. (NASDAQ:IEP) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lessened its holdings in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 53.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,136 shares of the conglomerate’s stock after selling 17,413 shares during the period. Rockefeller Capital Management L.P.’s holdings in Icahn Enterprises were worth $205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in IEP. Western Wealth Management LLC raised its holdings in shares of Icahn Enterprises by 10.5% during the second quarter. Western Wealth Management LLC now owns 38,514 shares of the conglomerate’s stock valued at $635,000 after buying an additional 3,650 shares during the last quarter. Griffin Asset Management Inc. raised its holdings in shares of Icahn Enterprises by 10.3% during the second quarter. Griffin Asset Management Inc. now owns 37,083 shares of the conglomerate’s stock valued at $611,000 after buying an additional 3,473 shares during the last quarter. PSI Advisors LLC raised its holdings in Icahn Enterprises by 3.4% during the second quarter. PSI Advisors LLC now owns 30,055 shares of the conglomerate’s stock worth $495,000 after purchasing an additional 990 shares in the last quarter. Crew Capital Management Ltd. bought a new stake in Icahn Enterprises during the second quarter worth approximately $628,000. Finally, International Assets Investment Management LLC raised its holdings in Icahn Enterprises by 21.4% during the second quarter. International Assets Investment Management LLC now owns 28,897 shares of the conglomerate’s stock worth $476,000 after purchasing an additional 5,099 shares in the last quarter. Institutional investors own 87.09% of the company’s stock.

Icahn Enterprises Price Performance

Shares of NASDAQ:IEP opened at $10.33 on Thursday. Icahn Enterprises L.P. has a 12 month low of $9.72 and a 12 month high of $22.59. The stock has a market cap of $5.20 billion, a price-to-earnings ratio of -9.47 and a beta of 0.75. The stock’s 50 day moving average price is $12.72 and its 200 day moving average price is $14.46. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.61 and a quick ratio of 4.61.

Icahn Enterprises Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Monday, November 18th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 19.37%. Icahn Enterprises’s payout ratio is -183.49%.

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.