GSA Capital Partners LLP Acquires 80,301 Shares of Icahn Enterprises L.P. $IEP

GSA Capital Partners LLP grew its holdings in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 329.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 104,658 shares of the conglomerate’s stock after purchasing an additional 80,301 shares during the period. GSA Capital Partners LLP’s holdings in Icahn Enterprises were worth $881,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IEP. Allworth Financial LP increased its holdings in shares of Icahn Enterprises by 408.6% during the second quarter. Allworth Financial LP now owns 5,269 shares of the conglomerate’s stock valued at $42,000 after acquiring an additional 4,233 shares in the last quarter. Claro Advisors LLC purchased a new stake in shares of Icahn Enterprises during the second quarter valued at approximately $85,000. Azzad Asset Management Inc. ADV bought a new stake in shares of Icahn Enterprises during the third quarter valued at approximately $88,000. Caz Investments LP boosted its stake in Icahn Enterprises by 12.5% during the 2nd quarter. Caz Investments LP now owns 11,254 shares of the conglomerate’s stock valued at $91,000 after purchasing an additional 1,254 shares during the last quarter. Finally, EagleClaw Capital Managment LLC purchased a new stake in shares of Icahn Enterprises during the second quarter valued at $93,000. Institutional investors own 87.09% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on IEP. Weiss Ratings restated a “sell (e+)” rating on shares of Icahn Enterprises in a report on Monday, December 29th. Wall Street Zen raised Icahn Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Icahn Enterprises Price Performance

Shares of NASDAQ:IEP opened at $7.82 on Friday. The company has a market capitalization of $4.69 billion, a P/E ratio of -9.90 and a beta of 0.84. Icahn Enterprises L.P. has a 1-year low of $7.08 and a 1-year high of $10.74. The firm’s 50 day simple moving average is $7.79 and its two-hundred day simple moving average is $8.15. The company has a debt-to-equity ratio of 1.96, a current ratio of 4.24 and a quick ratio of 4.24.

Icahn Enterprises Profile

Icahn Enterprises L.P. (NASDAQ: IEP) is a diversified holding company based in New York City. Controlled by veteran investor Carl C. Icahn, the partnership makes strategic investments and owns wholly or partially controlled subsidiaries across a broad range of industries. With a flexible capital structure, Icahn Enterprises seeks to generate long-term value through active ownership, asset optimization and operational improvements.

The company reports its activities through five principal business segments.