Icahn Enterprises L.P. (NASDAQ:IEP - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The company traded as low as $9.13 and last traded at $9.19, with a volume of 1697989 shares changing hands. The stock had previously closed at $9.53.
Icahn Enterprises Stock Up 0.4 %
The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of -8.47 and a beta of 0.76. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 1.34. The firm has a 50 day moving average price of $11.94 and a two-hundred day moving average price of $14.01.
Icahn Enterprises Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 26th. Investors of record on Monday, November 18th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $2.00 annualized dividend and a yield of 21.67%. Icahn Enterprises's dividend payout ratio is presently -183.49%.
Institutional Trading of Icahn Enterprises
Institutional investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its holdings in shares of Icahn Enterprises by 21.4% in the second quarter. International Assets Investment Management LLC now owns 28,897 shares of the conglomerate's stock valued at $476,000 after buying an additional 5,099 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Icahn Enterprises by 6.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 109,724 shares of the conglomerate's stock valued at $1,808,000 after purchasing an additional 6,276 shares during the period. Stablepoint Partners LLC increased its stake in Icahn Enterprises by 12.2% in the 2nd quarter. Stablepoint Partners LLC now owns 25,000 shares of the conglomerate's stock worth $433,000 after purchasing an additional 2,719 shares in the last quarter. Vima LLC purchased a new position in Icahn Enterprises in the 2nd quarter worth about $220,000. Finally, Insigneo Advisory Services LLC acquired a new stake in Icahn Enterprises during the 2nd quarter worth about $201,000. Institutional investors own 87.09% of the company's stock.
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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