Pecaut & CO. acquired a new position in Icahn Enterprises LP (NASDAQ:IEP) during the first quarter, HoldingsChannel reports. The institutional investor acquired 2,739 shares of the conglomerate’s stock, valued at approximately $654,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Ffcm LLC lifted its stake in Icahn Enterprises by 50.0% during the 4th quarter. Ffcm LLC now owns 480 shares of the conglomerate’s stock valued at $27,000 after acquiring an additional 160 shares during the period. Signet Investment Advisory Group Inc. acquired a new position in shares of Icahn Enterprises in the 4th quarter valued at $28,000. Baldwin Brothers Inc. MA acquired a new position in shares of Icahn Enterprises in the 1st quarter valued at $36,000. Osborn Williams & Donohoe LLC acquired a new position in shares of Icahn Enterprises in the 1st quarter valued at $36,000. Finally, Westside Investment Management Inc. acquired a new position in shares of Icahn Enterprises in the 4th quarter valued at $57,000. Institutional investors and hedge funds own 94.38% of the company’s stock.

IEP has been the subject of several analyst reports. BidaskClub cut shares of Icahn Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. UBS Group boosted their target price on shares of Icahn Enterprises from $55.00 to $56.00 and gave the company a “sell” rating in a research note on Tuesday, May 7th.

IEP opened at $72.07 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 5.34 and a current ratio of 5.34. Icahn Enterprises LP has a 1 year low of $50.33 and a 1 year high of $81.88.

Icahn Enterprises (NASDAQ:IEP) last posted its earnings results on Thursday, May 2nd. The conglomerate reported ($2.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($2.34). The firm had revenue of $1.86 billion during the quarter. Icahn Enterprises had a net margin of 9.01% and a negative return on equity of 5.55%.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Monday, May 13th will be issued a $2.00 dividend. This represents a $8.00 annualized dividend and a yield of 11.10%. The ex-dividend date is Friday, May 10th.

In related news, Director Jack Gumpert Wasserman purchased 500 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was bought at an average price of $77.81 per share, with a total value of $38,905.00. Following the acquisition, the director now owns 1,562 shares in the company, valued at $121,539.22. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 90.10% of the stock is currently owned by insiders.

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Icahn Enterprises Profile

Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, metals, real estate, home fashion, and mining businesses in the United States and Internationally. Its Investment segment operates various private investment funds. The company's Automotive segment is involved in the retail and wholesale distribution of automotive parts in the aftermarket, as well as offers automotive repair and maintenance services.

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Institutional Ownership by Quarter for Icahn Enterprises (NASDAQ:IEP)

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