Caz Investments LP Acquires Shares of 10,000 Icahn Enterprises L.P. (NASDAQ:IEP)

Caz Investments LP bought a new position in shares of Icahn Enterprises L.P. (NASDAQ:IEP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the conglomerate’s stock, valued at approximately $87,000. Icahn Enterprises comprises approximately 0.1% of Caz Investments LP’s portfolio, making the stock its 16th biggest position.

Several other large investors have also made changes to their positions in IEP. Wilmington Savings Fund Society FSB acquired a new stake in Icahn Enterprises in the third quarter worth about $30,000. Global Retirement Partners LLC boosted its stake in shares of 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 purchasing an additional 1,089 shares during the last quarter. Barclays PLC grew its position in shares of Icahn Enterprises by 24.3% during the 3rd quarter. Barclays PLC now owns 7,307 shares of the conglomerate’s stock worth $100,000 after buying an additional 1,427 shares during the period. MML Investors Services LLC bought a new stake in shares of Icahn Enterprises during the third quarter worth approximately $171,000. Finally, Littlejohn Financial Services Inc. acquired a new position in Icahn Enterprises in the fourth quarter valued at approximately $121,000. Institutional investors and hedge funds own 87.09% of the company’s stock.

Icahn Enterprises Trading Down 1.0 %

NASDAQ IEP opened at $9.21 on Friday. Icahn Enterprises L.P. has a 12 month low of $8.53 and a 12 month high of $19.10. The stock has a 50-day simple moving average of $9.74 and a 200 day simple 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 company has a market capitalization of $4.81 billion, a PE ratio of -8.45 and a beta of 0.85.

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

Icahn Enterprises Dividend Announcement

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

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.

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.