International Assets Investment Management LLC Increases Stock Holdings in Icahn Enterprises L.P. (NASDAQ:IEP)

International Assets Investment Management LLC boosted its holdings in shares of Icahn Enterprises L.P. (NASDAQ:IEP - Free Report) by 1,623.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 334,483 shares of the conglomerate's stock after acquiring an additional 315,070 shares during the period. International Assets Investment Management LLC owned about 0.08% of Icahn Enterprises worth $5,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its holdings in shares of Icahn Enterprises by 140.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 513 shares of the conglomerate's stock valued at $26,000 after buying an additional 300 shares in the last quarter. Fortis Capital Advisors LLC acquired a new stake in Icahn Enterprises in the 4th quarter worth approximately $58,000. Money Concepts Capital Corp acquired a new stake in Icahn Enterprises in the 4th quarter worth approximately $58,000. Tower Research Capital LLC TRC boosted its stake in Icahn Enterprises by 75.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,437 shares of the conglomerate's stock worth $74,000 after purchasing an additional 618 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its stake in Icahn Enterprises by 161.9% in the 3rd quarter. Clearstead Advisors LLC now owns 1,941 shares of the conglomerate's stock worth $96,000 after purchasing an additional 1,200 shares in the last quarter. 87.09% of the stock is currently owned by institutional investors.

Icahn Enterprises Stock Performance

IEP traded down $0.18 during trading on Tuesday, reaching $17.08. 314,049 shares of the company's stock were exchanged, compared to its average volume of 701,770. Icahn Enterprises L.P. has a 1 year low of $15.00 and a 1 year high of $52.93. The company has a debt-to-equity ratio of 1.19, a current ratio of 5.70 and a quick ratio of 5.70. The stock has a market capitalization of $7.33 billion, a P/E ratio of -9.44 and a beta of 0.84. The company's fifty day simple moving average is $18.38 and its 200-day simple moving average is $17.86.

Icahn Enterprises (NASDAQ:IEP - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The conglomerate reported ($0.33) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.54). Icahn Enterprises had a negative return on equity of 9.60% and a negative net margin of 6.21%. The business had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.73 billion. As a group, research analysts predict that Icahn Enterprises L.P. will post 0.93 earnings per share for the current fiscal year.

Icahn Enterprises Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Monday, March 11th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 23.42%. The ex-dividend date of this dividend is Friday, March 8th. Icahn Enterprises's dividend payout ratio is presently -220.99%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Icahn Enterprises from a "hold" rating to a "buy" rating in a research note on Tuesday, March 12th.

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.