Short Interest in Icahn Enterprises L.P. (NASDAQ:IEP) Grows By 17.4%

Icahn Enterprises L.P. (NASDAQ:IEP) was the recipient of a significant increase in short interest in 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. Based on an average trading volume of 1,200,000 shares, the short-interest ratio is presently 9.1 days. Approximately 2.3% of the company’s shares are short sold.

Icahn Enterprises Trading Up 0.1 %

NASDAQ:IEP traded up $0.01 on Wednesday, hitting $14.50. 725,338 shares of the stock were exchanged, compared to its average volume of 862,138. The stock has a market cap of $6.54 billion, a PE ratio of -12.61 and a beta of 0.77. Icahn Enterprises has a fifty-two week low of $9.72 and a fifty-two week high of $22.59. The company has a current ratio of 4.85, a quick ratio of 4.85 and a debt-to-equity ratio of 1.23. The stock has a fifty day moving average of $13.77 and a 200-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 the consensus estimate of $0.19 by ($0.91). Icahn Enterprises had a negative net margin of 4.97% and a negative return on equity of 8.62%. The business had revenue of $2.36 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the previous year, the business posted ($0.72) EPS. As a group, equities analysts expect that Icahn Enterprises will post -0.42 earnings per share for the current fiscal year.

Icahn Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Monday, August 19th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 27.59%. Icahn Enterprises’s payout ratio is -347.83%.

Institutional Trading of Icahn Enterprises

Several large investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its position 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 acquiring an additional 1,083 shares in the last quarter. Newbridge Financial Services Group Inc. lifted its position in shares of Icahn Enterprises by 35.1% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 8,579 shares of the conglomerate’s stock worth $147,000 after purchasing an additional 2,227 shares in the last quarter. HighPoint Advisor Group LLC purchased a new position in shares of Icahn Enterprises in the fourth quarter valued at $175,000. KPP Advisory Services LLC acquired a new stake in Icahn Enterprises during the 2nd quarter valued at $187,000. Finally, Insigneo Advisory Services LLC purchased a new stake in Icahn Enterprises during the 2nd quarter worth $201,000. 87.09% of the stock is currently owned by institutional investors and hedge funds.

About Icahn Enterprises

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.