Caz Investments LP Takes $87,000 Position in Icahn Enterprises L.P. (NASDAQ:IEP)

Caz Investments LP bought a new position in Icahn Enterprises L.P. (NASDAQ:IEP) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,000 shares of the conglomerate’s stock, valued at approximately $87,000. Icahn Enterprises accounts for 0.1% of Caz Investments LP’s investment portfolio, making the stock its 16th biggest holding.

Other institutional investors have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Icahn Enterprises in the 3rd quarter valued at approximately $30,000. Global Retirement Partners LLC boosted its stake in Icahn Enterprises by 18.1% in the 4th quarter. Global Retirement Partners LLC now owns 7,122 shares of the conglomerate’s stock valued at $62,000 after buying an additional 1,089 shares in the last quarter. Barclays PLC grew its position in Icahn Enterprises by 24.3% in the third quarter. Barclays PLC now owns 7,307 shares of the conglomerate’s stock valued at $100,000 after acquiring an additional 1,427 shares during the period. MML Investors Services LLC acquired a new position in Icahn Enterprises during the third quarter worth $171,000. Finally, Littlejohn Financial Services Inc. bought a new position in shares of Icahn Enterprises during the fourth quarter valued at $121,000. Institutional investors and hedge funds own 87.09% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Icahn Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday.

Icahn Enterprises Stock Performance

NASDAQ IEP opened at $9.21 on Friday. Icahn Enterprises L.P. has a 1-year low of $8.53 and a 1-year high of $19.10. The company has a 50 day moving average of $9.74 and a 200-day moving average of $11.02. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 1.34. The firm has a market cap of $4.81 billion, a price-to-earnings ratio of -8.45 and a beta of 0.85.

Icahn Enterprises (NASDAQ:IEP) last released its quarterly earnings results on Wednesday, February 26th. The conglomerate reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.36). The business had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.27 billion. Icahn Enterprises had a negative net margin of 4.79% and a negative return on equity of 8.82%. On average, equities analysts forecast that Icahn Enterprises L.P. will post -0.55 earnings per share for the current fiscal year.

Icahn Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 21.72%. The ex-dividend date of this dividend is Monday, March 10th. Icahn Enterprises’s dividend payout ratio is currently -210.53%.

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.