International Assets Investment Management LLC Acquires Shares of 171,638 Icahn Enterprises L.P. $IEP

International Assets Investment Management LLC acquired a new stake in Icahn Enterprises L.P. (NASDAQ:IEP) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 171,638 shares of the conglomerate’s stock, valued at approximately $1,382,000.

Several other large investors also recently bought and sold shares of IEP. Spire Wealth Management grew its position in Icahn Enterprises by 57.1% in the first quarter. Spire Wealth Management now owns 5,500 shares of the conglomerate’s stock valued at $50,000 after acquiring an additional 2,000 shares in the last quarter. Summit Securities Group LLC grew its position in Icahn Enterprises by 187.6% in the first quarter. Summit Securities Group LLC now owns 10,300 shares of the conglomerate’s stock valued at $93,000 after acquiring an additional 6,719 shares in the last quarter. WMG Financial Advisors LLC acquired a new stake in Icahn Enterprises in the first quarter valued at approximately $95,000. Arrow Investment Advisors LLC grew its position in Icahn Enterprises by 17.7% in the second quarter. Arrow Investment Advisors LLC now owns 17,815 shares of the conglomerate’s stock valued at $143,000 after acquiring an additional 2,677 shares in the last quarter. Finally, Paragon Capital Management Ltd grew its position in Icahn Enterprises by 12.5% in the second quarter. Paragon Capital Management Ltd now owns 19,410 shares of the conglomerate’s stock valued at $156,000 after acquiring an additional 2,163 shares in the last quarter. Institutional investors and hedge funds own 87.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Zacks Research raised shares of Icahn Enterprises from a “strong sell” rating to a “hold” rating in a research report on Friday, August 15th. Wall Street Zen raised shares of Icahn Enterprises from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Icahn Enterprises in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Icahn Enterprises presently has a consensus rating of “Reduce”.

Icahn Enterprises Stock Performance

Shares of IEP opened at $8.22 on Monday. The business’s fifty day moving average price is $8.42 and its 200 day moving average price is $8.60. Icahn Enterprises L.P. has a 12-month low of $7.27 and a 12-month high of $15.65. The stock has a market capitalization of $4.71 billion, a PE ratio of -6.68 and a beta of 0.79. The company has a debt-to-equity ratio of 1.96, a current ratio of 3.40 and a quick ratio of 3.40.

Icahn Enterprises (NASDAQ:IEP) last announced its quarterly earnings data on Monday, August 4th. The conglomerate reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.44). Icahn Enterprises had a negative return on equity of 15.65% and a negative net margin of 6.78%.The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.39 billion. Equities research analysts forecast that Icahn Enterprises L.P. will post -0.55 EPS for the current year.

Icahn Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Monday, August 18th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, August 18th. This represents a $2.00 annualized dividend and a yield of 24.3%. Icahn Enterprises’s dividend payout ratio (DPR) is -162.60%.

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.