Icahn Enterprises L.P. (NASDAQ:IEP) Stock Holdings Boosted by United Advisor Group LLC

United Advisor Group LLC raised its holdings in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 7.7% during the 3rd quarter, Holdings Channel reports. The fund owned 28,930 shares of the conglomerate’s stock after purchasing an additional 2,079 shares during the period. United Advisor Group LLC’s holdings in Icahn Enterprises were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Icahn Enterprises by 621.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 270,995 shares of the conglomerate’s stock valued at $4,610,000 after acquiring an additional 233,410 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Icahn Enterprises by 76.4% during the 1st quarter. BNP Paribas Financial Markets now owns 314,888 shares of the conglomerate’s stock valued at $5,356,000 after purchasing an additional 136,418 shares during the period. Griffin Asset Management Inc. raised its position in Icahn Enterprises by 10.3% during the second quarter. Griffin Asset Management Inc. now owns 37,083 shares of the conglomerate’s stock valued at $611,000 after buying an additional 3,473 shares during the period. Commonwealth Equity Services LLC grew its stake in Icahn Enterprises by 6.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 109,724 shares of the conglomerate’s stock valued at $1,808,000 after acquiring an additional 6,276 shares in the last quarter. Finally, KPP Advisory Services LLC acquired a new position in Icahn Enterprises in the 2nd quarter valued at approximately $187,000. 87.09% of the stock is currently owned by institutional investors.

Icahn Enterprises Price Performance

NASDAQ IEP opened at $13.20 on Thursday. The stock has a market capitalization of $6.28 billion, a PE ratio of -11.48 and a beta of 0.78. Icahn Enterprises L.P. has a 12-month low of $9.72 and a 12-month high of $22.59. The company has a 50 day moving average price of $13.23 and a two-hundred day moving average price of $15.51. The company has a quick ratio of 4.85, a current ratio of 4.85 and a debt-to-equity ratio of 1.23.

Icahn Enterprises (NASDAQ:IEP) last posted its quarterly earnings data on Wednesday, August 7th. The conglomerate reported ($0.72) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.91). The company had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.24 billion. Icahn Enterprises had a negative return on equity of 8.62% and a negative net margin of 4.97%. During the same quarter in the previous year, the firm posted ($0.72) EPS. As a group, equities analysts predict that Icahn Enterprises L.P. will post -0.42 earnings per share for the current fiscal year.

About Icahn Enterprises

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.