Private Capital Advisors Inc. Takes $11.25 Million Position in Icahn Enterprises LP (NASDAQ:IEP)

Financial Advisors


Private Capital Advisors Inc. acquired a new position in the stock of Icahn Enterprises LP (NASDAQ:IEP – Get Rating) in the fourth quarter, according to its latest filing with the SEC. Institutional investors acquired 222,130 shares of the conglomerate worth approximately $11,251,000. Icahn Enterprises accounts for approximately 1.9% of Private Capital Advisors Inc.’s portfolio, making it the 17th largest position. Private Capital Advisors Inc. owned his 0.07% stake in Icahn Enterprises as of the latest SEC filing.

Other big investors have also changed their stakes in the company. Worth Asset Management LLC purchased new shares in his Icahn Enterprises worth approximately $25,000 in the fourth quarter. Geneos Wealth Management Inc. increased his Icahn Enterprises stake by 140.8% in the first quarter. Geneos Wealth Management Inc. now owns 513 shares of the conglomerate worth $26,000 after purchasing an additional 300 shares during the period. Clearstead Advisors LLC increased his Icahn Enterprises holding by 161.9% in the third quarter. Clearstead Advisors LLC now owns 1,941 shares of the conglomerate worth $96,000 after purchasing an additional 1,200 shares during this period. Captrust Financial Advisors bought his new Icahn Enterprises position in the second quarter for around $131,000. Finally, Tower Research Capital LLC TRC increased his Icahn Enterprises holding by 132.7% in the third quarter. Tower Research Capital LLC TRC now owns 3,430 shares of the conglomerate worth $170,000 after purchasing an additional 1,956 of his shares during this period. 86.86% of the shares are currently owned by hedge funds and other institutional investors.

Icahn Enterprises stock up 16.9%

NASDAQ:IEP rose $5.10 to reach $35.19 during Friday’s trading hours. The stock traded 2,680,727 shares with an average turnover of 1,021,327 shares. The company has a current ratio of 6.79, a quick ratio of 6.79 and a debt to equity ratio of 0.74. His one year low for Icahn Enterprises LP is $28.29 and his one year high is $55.55. His 50-day simple moving average for this business is $50.90 and his 200-day simple moving average is $52.06. The company has a market capitalization of $12.44 billion, a PE ratio of -75.67 and a beta of 0.75.

Icahn Enterprises (NASDAQ:IEP – Get Rating) last reported quarterly results on Friday, February 24th. The conglomerate reported his earnings per share for the quarter ($0.74), missing analyst consensus expectations of his $0.15 ($0.89). Icahn Enterprises’ return on equity was 1.86% and net profit margin was 1.41%. The company’s revenue for the quarter was $3.1 billion, compared with analyst estimates of $2.97 billion. Analysts expect Icahn Enterprises LP’s EPS to be 0.67 for the current financial year.

Icahn Enterprises Announces Dividend

The business recently announced a quarterly dividend, which was paid out on Wednesday, April 19th. Shareholders of record on Monday, March 13 were awarded a dividend of $2.00 per share. This represents his dividend of $8.00 and a dividend yield of 22.73% on an annual basis. The ex-dividend date for this dividend was Friday, March 10. Icahn Enterprises’ payout percentage is currently -1,739.09%.

Analyst upgrades and downgrades

Separately, StockNews.com covered shares in Icahn Enterprises in its report on Thursday, March 16th. They issued a “Hold” rating on the stock.

About Icahn Enterprises

(get rating)

Icahn Enterprises LP operates as a holding company. It operates through eight business segments: Investments, Automotive, Energy, Food Packaging, Metals, Real Estate, Home Fashion and Pharmaceuticals. The Investment segment consists of various private investment funds. The Automotive segment retains ownership of Icahn Automotive Group LLC.

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Want to know which other hedge funds hold IEPs? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Icahn Enterprises LP (NASDAQ:IEP – Get Rating).

Icahn Enterprises (NASDAQ:IEP) Quarterly Institutional Ownership

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