Icahn Enterprises Holdings L.P. disclosed that they own a 83.9% stake in Tropicana Entertainment (OTCMKTS:TPCA) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission on Monday, April 16th. The investor owns 19,984,418 shares of the stock valued at approximately $1,424,889,003. The reporting parties listed on the disclosure included Icahn Enterprises Holdings LP, Icahn Enterprises GP Inc, Beckton Corp, Carl C Icahn and American Entertainment Properties Corp. The filing is available through the SEC website at this hyperlink.
Shares of OTCMKTS:TPCA traded up $16.30 during trading on Monday, hitting $71.30. 13,861 shares of the company’s stock traded hands, compared to its average volume of 7,667. Tropicana Entertainment has a 52 week low of $32.50 and a 52 week high of $71.50. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.45 and a quick ratio of 1.40. The stock has a market capitalization of $1,310.90, a PE ratio of 20.30 and a beta of 0.70.
About Tropicana Entertainment
Tropicana Entertainment Inc owns and operates casino and entertainment properties in the United States. It operates two casinos in Nevada; and one casino in each of Indiana, Louisiana, Mississippi, Missouri, and New Jersey, as well as a hotel, timeshare, and casino resort property located on the island of Aruba.
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