Icahn Enterprises L.P. (NASDAQ:IEP - Get Free Report) saw unusually-high trading volume on Thursday . Approximately 281,407 shares changed hands during trading, a decline of 68% from the previous session's volume of 867,172 shares.The stock last traded at $9.42 and had previously closed at $9.11.
Icahn Enterprises Stock Performance
The firm's 50 day moving average is $10.22 and its 200-day moving average is $13.11. The company has a debt-to-equity ratio of 1.34, a quick ratio of 4.61 and a current ratio of 4.61. The stock has a market capitalization of $4.73 billion, a price-to-earnings ratio of -8.61 and a beta of 0.80.
Icahn Enterprises Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, December 26th. Investors of record on Monday, November 18th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 21.32%. The ex-dividend date of this dividend was Monday, November 18th. Icahn Enterprises's payout ratio is presently -183.49%.
Hedge Funds Weigh In On Icahn Enterprises
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IEP. Wilmington Savings Fund Society FSB purchased a new position in shares of Icahn Enterprises in the third quarter valued at approximately $30,000. Planning Capital Management Corp purchased a new position in Icahn Enterprises in the 3rd quarter valued at $34,000. Northwestern Mutual Wealth Management Co. boosted its stake in Icahn Enterprises by 61.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,845 shares of the conglomerate's stock worth $47,000 after purchasing an additional 1,083 shares during the last quarter. Barclays PLC grew its holdings in shares of Icahn Enterprises by 24.3% during the third quarter. Barclays PLC now owns 7,307 shares of the conglomerate's stock worth $100,000 after buying an additional 1,427 shares in the last quarter. Finally, KPP Advisory Services LLC acquired a new stake in shares of Icahn Enterprises in the second quarter valued at about $187,000. 87.09% of the stock is owned by hedge funds and other 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.
Read More
Before you consider Icahn Enterprises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Icahn Enterprises wasn't on the list.
While Icahn Enterprises currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
