Icahn Enterprises L.P. (NASDAQ:IEP) Short Interest Up 17.4% in September

Icahn Enterprises L.P. (NASDAQ:IEP) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 10,930,000 shares, an increase of 17.4% from the September 15th total of 9,310,000 shares. Approximately 2.3% of the company’s stock are short sold. Based on an average daily trading volume, of 1,200,000 shares, the short-interest ratio is presently 9.1 days.

Institutional Investors Weigh In On Icahn Enterprises

Several institutional investors and hedge funds have recently made changes to their positions in IEP. Griffin Asset Management Inc. raised its stake in Icahn Enterprises by 7.8% during the third quarter. Griffin Asset Management Inc. now owns 39,970 shares of the conglomerate’s stock worth $540,000 after acquiring an additional 2,887 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of Icahn Enterprises during the third quarter valued at approximately $203,000. KPP Advisory Services LLC acquired a new stake in shares of Icahn Enterprises during the 2nd quarter worth approximately $187,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Icahn Enterprises by 61.5% in 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. Finally, Creative Planning boosted its position in Icahn Enterprises by 15.8% during the 2nd quarter. Creative Planning now owns 108,372 shares of the conglomerate’s stock valued at $1,786,000 after purchasing an additional 14,805 shares during the period. 87.09% of the stock is owned by institutional investors and hedge funds.

Icahn Enterprises Stock Up 0.1 %

NASDAQ IEP traded up $0.01 during trading hours on Wednesday, reaching $14.50. 725,338 shares of the company traded hands, compared to its average volume of 862,138. The stock has a market capitalization of $6.54 billion, a PE ratio of -12.61 and a beta of 0.77. The company has a current ratio of 4.85, a quick ratio of 4.85 and a debt-to-equity ratio of 1.23. Icahn Enterprises has a 12 month low of $9.72 and a 12 month high of $22.59. The company has a 50 day moving average of $13.77 and a two-hundred day moving average of $15.85.

Icahn Enterprises (NASDAQ:IEP) last posted its quarterly earnings results on Wednesday, August 7th. The conglomerate reported ($0.72) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.91). The firm had revenue of $2.36 billion during the quarter, compared to analyst estimates of $2.24 billion. Icahn Enterprises had a negative return on equity of 8.62% and a negative net margin of 4.97%. During the same quarter last year, the business posted ($0.72) earnings per share. As a group, equities analysts expect that Icahn Enterprises will post -0.42 earnings per share for the current year.

Icahn Enterprises Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Monday, August 19th were issued a $1.00 dividend. The ex-dividend date was Monday, August 19th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 27.59%. Icahn Enterprises’s dividend payout ratio (DPR) is -347.83%.

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.