11,560 Shares in Icahn Enterprises L.P. $IEP Purchased by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC purchased a new stake in Icahn Enterprises L.P. (NASDAQ:IEP) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 11,560 shares of the conglomerate’s stock, valued at approximately $93,000.

Several other hedge funds have also recently bought and sold shares of the stock. Allworth Financial LP grew its position in shares of Icahn Enterprises by 408.6% in the second quarter. Allworth Financial LP now owns 5,269 shares of the conglomerate’s stock valued at $42,000 after purchasing an additional 4,233 shares during the last quarter. Summit Securities Group LLC boosted its stake in Icahn Enterprises by 187.6% in the 1st quarter. Summit Securities Group LLC now owns 10,300 shares of the conglomerate’s stock valued at $93,000 after purchasing an additional 6,719 shares during the period. WMG Financial Advisors LLC acquired a new position in Icahn Enterprises in the 1st quarter valued at $95,000. Claro Advisors LLC bought a new position in Icahn Enterprises during the 2nd quarter worth $85,000. Finally, M&T Bank Corp bought a new position in Icahn Enterprises during the 1st quarter worth $161,000. 87.09% of the stock is currently owned by institutional investors and hedge funds.

Icahn Enterprises Stock Down 0.7%

Shares of NASDAQ IEP opened at $9.00 on Thursday. The stock has a market capitalization of $5.40 billion, a P/E ratio of -7.32 and a beta of 0.80. The stock’s fifty day moving average is $8.32 and its 200 day moving average is $8.61. Icahn Enterprises L.P. has a 52 week low of $7.27 and a 52 week high of $12.75. The company has a debt-to-equity ratio of 1.96, a quick ratio of 3.40 and a current ratio of 3.40.

Icahn Enterprises (NASDAQ:IEP) last announced its quarterly earnings data on Wednesday, November 5th. The conglomerate reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $2.48 billion for the quarter, compared to the consensus estimate of $2.40 billion. Sell-side analysts forecast that Icahn Enterprises L.P. will post -0.55 earnings per share for the current fiscal year.

Icahn Enterprises Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 24th. Investors of record on Monday, November 17th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 22.2%. The ex-dividend date of this dividend is Monday, November 17th. Icahn Enterprises’s dividend payout ratio (DPR) is -253.16%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IEP. Wall Street Zen raised shares of Icahn Enterprises from a “sell” rating to a “hold” rating in a research report on Friday, September 5th. Weiss Ratings reissued a “sell (d-)” rating on shares of Icahn Enterprises in a report on Tuesday. Finally, Zacks Research upgraded shares of Icahn Enterprises from a “strong sell” rating to a “hold” rating in a research report on Friday, August 15th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce”.

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.