Icahn Enterprises (NASDAQ:IEP - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a research note issued on Saturday.
Icahn Enterprises Stock Down 2.6 %
NASDAQ:IEP traded down $0.24 during mid-day trading on Friday, reaching $8.94. The stock had a trading volume of 976,586 shares, compared to its average volume of 939,316. The business's 50 day moving average is $9.67 and its 200 day moving average is $11.34. Icahn Enterprises has a fifty-two week low of $8.53 and a fifty-two week high of $19.10. The stock has a market cap of $4.67 billion, a P/E ratio of -8.20 and a beta of 0.85. 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 (NASDAQ:IEP - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The conglomerate reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.36). Icahn Enterprises had a negative return on equity of 8.82% and a negative net margin of 4.79%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.27 billion. As a group, sell-side analysts predict that Icahn Enterprises will post -0.55 earnings per share for the current year.
Institutional Trading of Icahn Enterprises
Large investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in Icahn Enterprises during the 3rd quarter worth $30,000. Planning Capital Management Corp acquired a new position in shares of Icahn Enterprises during the 3rd quarter worth about $34,000. Mpwm Advisory Solutions LLC bought a new stake in Icahn Enterprises during the 4th quarter valued at approximately $37,000. Global Retirement Partners LLC grew its holdings in 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 buying an additional 1,089 shares during the last quarter. Finally, Caz Investments LP acquired a new stake in Icahn Enterprises in the 4th quarter valued at approximately $87,000. 87.09% of the stock is owned by institutional investors.
Icahn Enterprises Company Profile
(
Get Free Report)
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.
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