Claro Advisors LLC Invests $85,000 in Icahn Enterprises L.P. $IEP

Claro Advisors LLC purchased a new stake in Icahn Enterprises L.P. (NASDAQ:IEP) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,530 shares of the conglomerate’s stock, valued at approximately $85,000.

A number of other institutional investors have also recently bought and sold shares of IEP. International Assets Investment Management LLC acquired a new stake in Icahn Enterprises during the 2nd quarter worth about $1,382,000. Counterpoint Mutual Funds LLC purchased a new position in shares of Icahn Enterprises in the second quarter worth approximately $294,000. Arista Wealth Management LLC purchased a new position in shares of Icahn Enterprises in the second quarter worth approximately $161,000. M&T Bank Corp acquired a new stake in shares of Icahn Enterprises during the first quarter valued at approximately $161,000. Finally, Axxcess Wealth Management LLC raised its holdings in shares of Icahn Enterprises by 29.9% during the second quarter. Axxcess Wealth Management LLC now owns 66,965 shares of the conglomerate’s stock valued at $539,000 after acquiring an additional 15,428 shares during the period. Hedge funds and other institutional investors own 87.09% of the company’s stock.

Icahn Enterprises Stock Down 3.3%

Icahn Enterprises stock opened at $8.85 on Friday. Icahn Enterprises L.P. has a twelve month low of $7.27 and a twelve month high of $13.16. The company has a debt-to-equity ratio of 1.96, a quick ratio of 3.40 and a current ratio of 3.40. The firm has a market cap of $5.07 billion, a PE ratio of -7.20 and a beta of 0.80. The firm’s 50 day moving average price is $8.29 and its two-hundred day moving average price is $8.60.

Icahn Enterprises (NASDAQ:IEP) last posted its quarterly earnings results on Wednesday, November 5th. The conglomerate reported $0.49 EPS for the quarter, beating the consensus estimate of $0.14 by $0.35. Icahn Enterprises had a negative net margin of 6.78% and a negative return on equity of 15.65%. The business had revenue of $2.48 billion for the quarter, compared to analysts’ expectations of $2.40 billion. On average, research analysts predict that Icahn Enterprises L.P. will post -0.55 EPS for the current fiscal year.

Icahn Enterprises Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 24th. Shareholders of record on Monday, November 17th will be paid a $0.50 dividend. The ex-dividend date is Monday, November 17th. This represents a $2.00 dividend on an annualized basis and a yield of 22.6%. Icahn Enterprises’s payout ratio is -162.60%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wall Street Zen raised shares of Icahn Enterprises from a “sell” rating to a “hold” rating in a research note on Friday, September 5th. Zacks Research upgraded Icahn Enterprises from a “strong sell” rating to a “hold” rating in a report on Friday, August 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Icahn Enterprises in a research report on Wednesday. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Icahn Enterprises 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.