Virtu Financial LLC Buys New Position in Icahn Enterprises L.P. (NASDAQ:IEP)

Virtu Financial LLC acquired a new position in shares of Icahn Enterprises L.P. (NASDAQ:IEP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 98,682 shares of the conglomerate's stock, valued at approximately $856,000.

A number of other hedge funds have also recently made changes to their positions in IEP. Axxcess Wealth Management LLC acquired a new position in Icahn Enterprises in the 4th quarter valued at about $447,000. Moors & Cabot Inc. grew its holdings in shares of Icahn Enterprises by 8.1% in the fourth quarter. Moors & Cabot Inc. now owns 48,355 shares of the conglomerate's stock valued at $419,000 after purchasing an additional 3,642 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Icahn Enterprises during the 4th quarter worth approximately $969,000. Meridian Wealth Management LLC boosted its position in Icahn Enterprises by 5.1% in the 4th quarter. Meridian Wealth Management LLC now owns 21,171 shares of the conglomerate's stock valued at $184,000 after buying an additional 1,026 shares during the period. Finally, Corps Capital Advisors LLC acquired a new position in shares of Icahn Enterprises in the fourth quarter worth $198,000. Hedge funds and other institutional investors own 87.09% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Icahn Enterprises from a "sell" rating to a "hold" rating in a research note on Wednesday.

Icahn Enterprises Stock Down 1.0 %

Shares of IEP traded down $0.09 during midday trading on Friday, hitting $9.21. The company had a trading volume of 423,196 shares, compared to its average volume of 933,374. Icahn Enterprises L.P. has a 1 year low of $8.53 and a 1 year high of $19.10. The firm has a market capitalization of $4.81 billion, a P/E ratio of -8.45 and a beta of 0.85. 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 company's 50-day simple moving average is $9.74 and its 200-day simple moving average is $11.02.

Icahn Enterprises (NASDAQ:IEP - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The conglomerate reported ($0.19) 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 firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.27 billion. As a group, sell-side analysts expect that Icahn Enterprises L.P. will post -0.55 EPS for the current year.

Icahn Enterprises Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Monday, March 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 21.72%. The ex-dividend date of this dividend is Monday, March 10th. Icahn Enterprises's dividend payout ratio is presently -210.53%.

Icahn Enterprises 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.