Moors & Cabot Inc. Raises Stock Holdings in Icahn Enterprises L.P. (NASDAQ:IEP)

Moors & Cabot Inc. boosted its holdings in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 8.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,355 shares of the conglomerate’s stock after purchasing an additional 3,642 shares during the quarter. Moors & Cabot Inc.’s holdings in Icahn Enterprises were worth $419,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Icahn Enterprises in the third quarter worth $30,000. Global Retirement Partners LLC grew its holdings in Icahn Enterprises by 18.1% during the 4th quarter. Global Retirement Partners LLC now owns 7,122 shares of the conglomerate’s stock worth $62,000 after acquiring an additional 1,089 shares in the last quarter. Barclays PLC increased its position in shares of Icahn Enterprises by 24.3% in the 3rd quarter. Barclays PLC now owns 7,307 shares of the conglomerate’s stock worth $100,000 after purchasing an additional 1,427 shares during the last quarter. MML Investors Services LLC acquired a new stake in shares of Icahn Enterprises in the 3rd quarter valued at about $171,000. Finally, Littlejohn Financial Services Inc. bought a new position in shares of Icahn Enterprises during the fourth quarter worth about $121,000. 87.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Icahn Enterprises from a “hold” rating to a “sell” rating in a report on Sunday.

Icahn Enterprises Stock Performance

Icahn Enterprises stock opened at $9.50 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 4.61 and a quick ratio of 4.61. Icahn Enterprises L.P. has a 12 month low of $8.53 and a 12 month high of $19.10. The company has a fifty day moving average price of $9.68 and a two-hundred day moving average price of $11.21. The company has a market cap of $4.97 billion, a PE ratio of -8.72 and a beta of 0.85.

Icahn Enterprises (NASDAQ:IEP) last posted its quarterly earnings results on Wednesday, February 26th. The conglomerate reported ($0.19) EPS for the quarter, missing the consensus estimate 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 business had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.27 billion. Research analysts expect that Icahn Enterprises L.P. will post -0.55 earnings per share for the current year.

Icahn Enterprises Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 21.05%. The ex-dividend date of this dividend is Monday, March 10th. Icahn Enterprises’s dividend payout ratio (DPR) is presently -210.53%.

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.