Icahn Enterprises L.P. (NASDAQ:IEP) Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. reduced its holdings in Icahn Enterprises L.P. (NASDAQ:IEP) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,610 shares of the conglomerate’s stock after selling 1,486 shares during the period. Griffin Asset Management Inc.’s holdings in Icahn Enterprises were worth $572,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in Icahn Enterprises by 1,623.0% in the 4th quarter. International Assets Investment Management LLC now owns 334,483 shares of the conglomerate’s stock worth $5,750,000 after buying an additional 315,070 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Icahn Enterprises by 4,461,650.0% during the fourth quarter. BNP Paribas Financial Markets now owns 178,470 shares of the conglomerate’s stock worth $3,068,000 after purchasing an additional 178,466 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Icahn Enterprises during the fourth quarter worth approximately $2,675,000. GSA Capital Partners LLP acquired a new position in Icahn Enterprises in the 3rd quarter valued at $1,302,000. Finally, MKT Advisors LLC purchased a new position in Icahn Enterprises in the 4th quarter valued at $1,064,000. 87.09% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Icahn Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th.

Icahn Enterprises Trading Down 0.1 %

IEP opened at $16.48 on Friday. The company has a debt-to-equity ratio of 1.17, a current ratio of 4.62 and a quick ratio of 4.62. The company’s 50 day simple moving average is $16.86 and its two-hundred day simple moving average is $17.54. The firm has a market capitalization of $7.44 billion, a price-to-earnings ratio of -14.33 and a beta of 0.80. Icahn Enterprises L.P. has a 1-year low of $15.00 and a 1-year high of $36.00.

Icahn Enterprises (NASDAQ:IEP) last announced its quarterly earnings data on Wednesday, May 8th. The conglomerate reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.34). The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.79 billion. Icahn Enterprises had a negative return on equity of 7.04% and a negative net margin of 4.30%. Analysts expect that Icahn Enterprises L.P. will post 0.53 EPS for the current fiscal year.

Icahn Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Monday, May 20th were given a dividend of $1.00 per share. The ex-dividend date was Friday, May 17th. This represents a $4.00 annualized dividend and a dividend yield of 24.27%. Icahn Enterprises’s payout ratio is -347.83%.

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.