Creative Planning Has $413,000 Holdings in Icahn Enterprises L.P. (NASDAQ:IEP)

Creative Planning reduced its stake in shares of Icahn Enterprises L.P. (NASDAQ:IEP - Free Report) by 71.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,560 shares of the conglomerate's stock after selling 77,812 shares during the quarter. Creative Planning's holdings in Icahn Enterprises were worth $413,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. BNP Paribas Financial Markets boosted its holdings in shares of Icahn Enterprises by 76.4% during the first quarter. BNP Paribas Financial Markets now owns 314,888 shares of the conglomerate's stock worth $5,356,000 after purchasing an additional 136,418 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Icahn Enterprises by 621.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 270,995 shares of the conglomerate's stock worth $4,610,000 after acquiring an additional 233,410 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in shares of Icahn Enterprises by 6.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 109,724 shares of the conglomerate's stock worth $1,808,000 after buying an additional 6,276 shares during the period. Western Wealth Management LLC boosted its holdings in shares of Icahn Enterprises by 10.5% during the 2nd quarter. Western Wealth Management LLC now owns 38,514 shares of the conglomerate's stock worth $635,000 after buying an additional 3,650 shares during the period. Finally, Crew Capital Management Ltd. bought a new stake in shares of Icahn Enterprises during the 2nd quarter worth $628,000. 87.09% of the stock is currently owned by institutional investors and hedge funds.

Icahn Enterprises Stock Performance

Shares of NASDAQ IEP traded down $0.79 during trading hours on Friday, hitting $12.10. 3,122,158 shares of the stock were exchanged, compared to its average volume of 885,391. The company has a debt-to-equity ratio of 1.23, a current ratio of 4.85 and a quick ratio of 4.85. The company's 50 day moving average is $13.22 and its 200 day moving average is $15.49. The firm has a market capitalization of $5.75 billion, a P/E ratio of -10.43 and a beta of 0.78. Icahn Enterprises L.P. has a one year low of $9.72 and a one year high of $22.59.

Icahn Enterprises (NASDAQ:IEP - Get Free Report) 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 firm 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 period in the prior year, the company posted ($0.72) earnings per share. On average, research analysts expect that Icahn Enterprises L.P. will post -0.42 EPS for the current year.

Icahn Enterprises Company Profile

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.