Fishman Jay A Ltd. MI increased its position in shares of Icahn Enterprises LP (NASDAQ:IEP) by 1.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 81,972 shares of the conglomerate’s stock after purchasing an additional 1,100 shares during the quarter. Icahn Enterprises comprises approximately 1.0% of Fishman Jay A Ltd. MI’s portfolio, making the stock its 24th biggest holding. Fishman Jay A Ltd. MI’s holdings in Icahn Enterprises were worth $5,263,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in IEP. Private Advisor Group LLC increased its stake in Icahn Enterprises by 4.0% during the 2nd quarter. Private Advisor Group LLC now owns 5,902 shares of the conglomerate’s stock worth $388,000 after acquiring an additional 229 shares during the period. Commonwealth Equity Services LLC increased its stake in Icahn Enterprises by 18.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 28,599 shares of the conglomerate’s stock worth $2,070,000 after acquiring an additional 4,493 shares during the period. Envestnet Asset Management Inc. bought a new position in Icahn Enterprises during the 2nd quarter worth $287,000. Advisor Group Inc. increased its stake in Icahn Enterprises by 9.1% during the 2nd quarter. Advisor Group Inc. now owns 9,067 shares of the conglomerate’s stock worth $657,000 after acquiring an additional 757 shares during the period. Finally, Morgan Stanley increased its stake in Icahn Enterprises by 66.9% during the 2nd quarter. Morgan Stanley now owns 275,292 shares of the conglomerate’s stock worth $19,934,000 after acquiring an additional 110,365 shares during the period. 96.83% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have commented on IEP shares. BidaskClub lowered Icahn Enterprises from a “sell” rating to a “strong sell” rating in a research note on Saturday. ValuEngine upgraded Icahn Enterprises from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Finally, UBS Group lowered their price objective on Icahn Enterprises from $56.00 to $55.00 and set a “sell” rating on the stock in a research note on Thursday, August 29th.
Shares of IEP traded down $0.01 during midday trading on Friday, hitting $67.35. The company’s stock had a trading volume of 191,300 shares, compared to its average volume of 84,466. Icahn Enterprises LP has a one year low of $50.33 and a one year high of $79.37. The company’s fifty day simple moving average is $67.02 and its two-hundred day simple moving average is $70.67. The company has a current ratio of 6.54, a quick ratio of 6.54 and a debt-to-equity ratio of 0.76.
Icahn Enterprises (NASDAQ:IEP) last announced its earnings results on Tuesday, November 5th. The conglomerate reported ($0.24) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.68). The company had revenue of $2.32 billion for the quarter. Icahn Enterprises had a negative return on equity of 11.19% and a net margin of 0.02%.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, November 15th will be issued a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 11.88%. The ex-dividend date of this dividend is Thursday, November 14th.
About Icahn Enterprises
Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, metals, real estate, home fashion, and mining businesses in the United States and Internationally. Its Investment segment operates various private investment funds. The company's Automotive segment is involved in the retail and wholesale distribution of automotive parts in the aftermarket, as well as offers automotive repair and maintenance services.
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