A B. Krongard Acquires 19,285 Shares of Icahn Enterprises L.P. (NASDAQ:IEP) Stock

Icahn Enterprises L.P. (NASDAQ:IEP) Director A B. Krongard purchased 19,285 shares of the firm’s stock in a transaction that occurred on Monday, December 28th. The stock was bought at an average cost of $51.01 per share, for a total transaction of $983,727.85. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

Icahn Enterprises stock opened at $50.67 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 6.43 and a current ratio of 6.43. The firm has a market cap of $11.76 billion, a P/E ratio of -5.72 and a beta of 1.04. The business’s fifty day moving average is $51.01 and its two-hundred day moving average is $50.46. Icahn Enterprises L.P. has a 52 week low of $34.00 and a 52 week high of $69.10.

Icahn Enterprises (NASDAQ:IEP) last posted its quarterly earnings data on Friday, November 6th. The conglomerate reported ($3.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($2.96). The business had revenue of $722.00 million during the quarter, compared to analyst estimates of $3.87 billion. Icahn Enterprises had a negative return on equity of 19.30% and a negative net margin of 24.19%. On average, equities research analysts predict that Icahn Enterprises L.P. will post -8.52 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 29th. Stockholders of record on Tuesday, November 24th were given a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, November 23rd. This represents a $8.00 dividend on an annualized basis and a dividend yield of 15.79%. Icahn Enterprises’s payout ratio is currently -152.96%.

Several brokerages recently commented on IEP. Zacks Investment Research lowered Icahn Enterprises from a “hold” rating to a “sell” rating in a research note on Thursday, December 3rd. BidaskClub lowered Icahn Enterprises from a “buy” rating to a “hold” rating in a research note on Wednesday, December 23rd.

Several hedge funds have recently added to or reduced their stakes in the company. Icahn Carl C raised its position in shares of Icahn Enterprises by 4.2% during the third quarter. Icahn Carl C now owns 213,591,832 shares of the conglomerate’s stock worth $10,534,349,000 after acquiring an additional 8,528,504 shares during the last quarter. Morgan Stanley raised its position in shares of Icahn Enterprises by 47.8% during the third quarter. Morgan Stanley now owns 282,446 shares of the conglomerate’s stock worth $13,931,000 after acquiring an additional 91,345 shares during the last quarter. First Trust Advisors LP bought a new stake in shares of Icahn Enterprises during the third quarter worth $3,827,000. Financial Advocates Investment Management raised its position in shares of Icahn Enterprises by 1,244.0% during the second quarter. Financial Advocates Investment Management now owns 73,326 shares of the conglomerate’s stock worth $3,556,000 after acquiring an additional 67,870 shares during the last quarter. Finally, LPL Financial LLC raised its position in shares of Icahn Enterprises by 4.7% during the third quarter. LPL Financial LLC now owns 68,785 shares of the conglomerate’s stock worth $3,392,000 after acquiring an additional 3,090 shares during the last quarter. Institutional investors own 93.57% of the company’s stock.

Icahn Enterprises Company Profile

Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, metals, real estate, and home fashion businesses in the United States and Internationally. The company's Investment segment invests its proprietary capital through various private investment funds.

See Also: How Do You Make Money With Penny Stocks?

Receive News & Ratings for Icahn Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Icahn Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.