Gabelli Funds LLC acquired a new stake in shares of Icahn Enterprises LP (NASDAQ:IEP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 4,086 shares of the conglomerate’s stock, valued at approximately $217,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Arlington Partners LLC acquired a new stake in Icahn Enterprises in the fourth quarter valued at approximately $569,000. Wells Fargo & Company MN boosted its stake in shares of Icahn Enterprises by 11.4% during the 3rd quarter. Wells Fargo & Company MN now owns 95,188 shares of the conglomerate’s stock valued at $5,222,000 after buying an additional 9,738 shares during the last quarter. Ballew Advisors Inc purchased a new position in shares of Icahn Enterprises during the 4th quarter valued at approximately $240,000. Virtu KCG Holdings LLC purchased a new position in shares of Icahn Enterprises during the 2nd quarter valued at approximately $221,000. Finally, Moloney Securities Asset Management LLC purchased a new position in shares of Icahn Enterprises during the 3rd quarter valued at approximately $202,000. 97.60% of the stock is owned by institutional investors.
Several brokerages recently issued reports on IEP. BidaskClub cut Icahn Enterprises from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 20th. UBS Group raised their price objective on Icahn Enterprises from $39.00 to $42.00 and gave the stock a “sell” rating in a research note on Wednesday, November 8th. Finally, ValuEngine cut Icahn Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $51.50.
Shares of Icahn Enterprises LP (NASDAQ IEP) traded down $0.03 on Friday, hitting $56.23. The stock had a trading volume of 66,900 shares, compared to its average volume of 93,724. The firm has a market capitalization of $9,512.63, a price-to-earnings ratio of 4.89 and a beta of 1.55. Icahn Enterprises LP has a 52 week low of $47.06 and a 52 week high of $59.88. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.76 and a quick ratio of 2.76.
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Icahn Enterprises Profile
Icahn Enterprises L.P. (Icahn Enterprises) is a holding company. The Company’s segments include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. The Company’s Investment segment includes various private investment funds. The Company operates its Automotive segment through its ownership in Federal-Mogul Holdings Corporation and IEH Auto Parts Holding LLC.
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