Fishman Jay A Ltd. MI boosted its holdings in Icahn Enterprises LP (NASDAQ:IEP) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,972 shares of the conglomerate’s stock after buying an additional 1,100 shares during the period. Icahn Enterprises makes up about 1.0% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 24th largest position. Fishman Jay A Ltd. MI’s holdings in Icahn Enterprises were worth $5,263,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of IEP. OLD Second National Bank of Aurora grew its position in Icahn Enterprises by 92.3% in the second quarter. OLD Second National Bank of Aurora now owns 702 shares of the conglomerate’s stock valued at $51,000 after acquiring an additional 337 shares during the period. US Bancorp DE grew its position in Icahn Enterprises by 26.2% in the second quarter. US Bancorp DE now owns 1,003 shares of the conglomerate’s stock valued at $73,000 after acquiring an additional 208 shares during the period. BlackRock Inc. bought a new stake in Icahn Enterprises in the second quarter valued at $81,000. NEXT Financial Group Inc grew its position in Icahn Enterprises by 11.5% in the third quarter. NEXT Financial Group Inc now owns 1,617 shares of the conglomerate’s stock valued at $104,000 after acquiring an additional 167 shares during the period. Finally, Golden State Wealth Management LLC bought a new stake in Icahn Enterprises in the third quarter valued at $161,000. 96.83% of the stock is currently owned by institutional investors.
Icahn Enterprises stock traded down $0.01 on Friday, reaching $67.35. The company’s stock had a trading volume of 191,300 shares, compared to its average volume of 84,466. Icahn Enterprises LP has a twelve month low of $50.33 and a twelve month high of $79.37. The business’s fifty day moving average price is $67.02 and its 200 day moving average price is $70.67. The company has a debt-to-equity ratio of 0.76, a current ratio of 6.54 and a quick ratio of 6.54.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, November 15th will be issued a dividend of $2.00 per share. The ex-dividend date is Thursday, November 14th. This represents a $8.00 dividend on an annualized basis and a dividend yield of 11.88%.
IEP has been the topic of a number of recent analyst reports. UBS Group reduced their price objective on Icahn Enterprises from $56.00 to $55.00 and set a “sell” rating on the stock in a research note on Thursday, August 29th. ValuEngine raised Icahn Enterprises from a “hold” rating to a “buy” rating in a research note on Monday, October 21st. Finally, BidaskClub lowered Icahn Enterprises from a “sell” rating to a “strong sell” rating in a research note on Saturday.
Icahn Enterprises Company Profile
Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, metals, real estate, home fashion, and mining businesses in the United States and Internationally. Its Investment segment operates various private investment funds. The company's Automotive segment is involved in the retail and wholesale distribution of automotive parts in the aftermarket, as well as offers automotive repair and maintenance services.
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