Virtu Financial LLC Cuts Stock Position in Icahn Enterprises L.P. (NASDAQ:IEP)

Virtu Financial LLC cut its position in Icahn Enterprises L.P. (NASDAQ:IEP) by 19.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,822 shares of the conglomerate’s stock after selling 4,784 shares during the period. Virtu Financial LLC’s holdings in Icahn Enterprises were worth $341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in IEP. International Assets Investment Management LLC boosted its stake in shares of Icahn Enterprises by 1,623.0% in the fourth quarter. International Assets Investment Management LLC now owns 334,483 shares of the conglomerate’s stock worth $5,750,000 after acquiring an additional 315,070 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Icahn Enterprises by 4,461,650.0% in the fourth quarter. BNP Paribas Financial Markets now owns 178,470 shares of the conglomerate’s stock worth $3,068,000 after acquiring an additional 178,466 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Icahn Enterprises in the fourth quarter worth approximately $2,675,000. GSA Capital Partners LLP acquired a new stake in shares of Icahn Enterprises in the third quarter worth approximately $1,302,000. Finally, MKT Advisors LLC acquired a new stake in shares of Icahn Enterprises in the fourth quarter worth approximately $1,064,000. 87.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Icahn Enterprises from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th.

Icahn Enterprises Stock Performance

NASDAQ IEP opened at $15.95 on Thursday. The stock’s fifty day moving average is $17.00 and its two-hundred day moving average is $17.55. The firm has a market capitalization of $7.20 billion, a P/E ratio of -13.87 and a beta of 0.80. The company has a debt-to-equity ratio of 1.17, a quick ratio of 4.62 and a current ratio of 4.62. Icahn Enterprises L.P. has a fifty-two week low of $15.00 and a fifty-two week high of $36.00.

Icahn Enterprises (NASDAQ:IEP) last released its quarterly earnings data on Wednesday, May 8th. The conglomerate reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.34). The company had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.79 billion. Icahn Enterprises had a negative return on equity of 7.04% and a negative net margin of 4.30%. On average, research analysts anticipate that Icahn Enterprises L.P. will post 0.53 earnings per share for the current year.

Icahn Enterprises Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Monday, May 20th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 25.08%. The ex-dividend date is Friday, May 17th. Icahn Enterprises’s dividend payout ratio (DPR) is currently -347.82%.

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.