Mirae Asset Global Investments Co. Ltd. Has $764,000 Stock Position in Icahn Enterprises L.P. (NASDAQ:IEP)

Mirae Asset Global Investments Co. Ltd. lowered its holdings in shares of Icahn Enterprises L.P. (NASDAQ:IEP - Free Report) by 86.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,639 shares of the conglomerate's stock after selling 238,558 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Icahn Enterprises were worth $764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Icahn Carl C increased its stake in Icahn Enterprises by 11.5% in the 2nd quarter. Icahn Carl C now owns 334,494,577 shares of the conglomerate's stock valued at $9,710,378,000 after buying an additional 34,496,953 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Icahn Enterprises by 4,112.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 334,579 shares of the conglomerate's stock valued at $17,375,000 after purchasing an additional 326,637 shares in the last quarter. Morgan Stanley boosted its position in Icahn Enterprises by 53.0% during the 4th quarter. Morgan Stanley now owns 837,448 shares of the conglomerate's stock worth $42,417,000 after buying an additional 290,199 shares during the period. Prevail Innovative Wealth Advisors LLC bought a new stake in Icahn Enterprises in the second quarter valued at approximately $4,367,000. Finally, BNP Paribas Arbitrage SNC raised its position in shares of Icahn Enterprises by 185.9% in the 1st quarter. BNP Paribas Arbitrage SNC now owns 158,279 shares of the conglomerate's stock worth $8,185,000 after acquiring an additional 102,911 shares in the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Icahn Enterprises in a research report on Thursday, October 5th. They set a "hold" rating on the stock.

Icahn Enterprises Stock Up 1.6 %

Shares of NASDAQ IEP opened at $17.92 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 5.34 and a quick ratio of 5.34. The stock has a market capitalization of $7.36 billion, a P/E ratio of -8.07 and a beta of 0.91. The firm's 50 day simple moving average is $17.00 and its two-hundred day simple moving average is $20.62. Icahn Enterprises L.P. has a one year low of $15.00 and a one year high of $54.48.

Icahn Enterprises (NASDAQ:IEP - Get Free Report) last released its quarterly earnings results on Friday, November 3rd. The conglomerate reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by ($0.35). The firm had revenue of $2.99 billion during the quarter, compared to analysts' expectations of $2.71 billion. Icahn Enterprises had a negative return on equity of 10.04% and a negative net margin of 7.02%. As a group, analysts expect that Icahn Enterprises L.P. will post -1.15 EPS for the current fiscal year.

Icahn Enterprises Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 27th. Investors of record on Friday, November 17th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 22.32%. The ex-dividend date was Thursday, November 16th. Icahn Enterprises's dividend payout ratio is currently -180.18%.

Icahn Enterprises Company Profile

Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. Its Investment segment invests its proprietary capital through various private investment funds. The company's Energy segment refines and markets transportation fuels; and produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia.

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