An issue of Icahn Enterprises LP (NASDAQ:IEP) bonds fell 2% against their face value during trading on Monday. The high-yield debt issue has a 6.75% coupon and is set to mature on February 1, 2024. The bonds in the issue are now trading at $101.30 and were trading at $103.38 one week ago. Price changes in a company’s bonds in credit markets sometimes anticipate parallel changes in its share price.

A number of analysts have commented on the company. UBS Group boosted their price objective on Icahn Enterprises from $39.00 to $42.00 and gave the stock a “sell” rating in a report on Wednesday, November 8th. BidaskClub raised Icahn Enterprises from a “hold” rating to a “buy” rating in a report on Saturday, February 3rd. Finally, ValuEngine lowered Icahn Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company. Icahn Enterprises presently has an average rating of “Hold” and an average target price of $51.50.

Icahn Enterprises LP (IEP) traded up $0.43 during mid-day trading on Monday, hitting $55.67. The stock had a trading volume of 89,719 shares, compared to its average volume of 106,832. The company has a market capitalization of $9,440.00, a price-to-earnings ratio of 4.83 and a beta of 1.55. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 1.00. Icahn Enterprises LP has a 52 week low of $47.06 and a 52 week high of $59.88.

Several hedge funds have recently added to or reduced their stakes in the company. Moloney Securities Asset Management LLC bought a new position in Icahn Enterprises during the third quarter valued at $202,000. Gabelli Funds LLC bought a new position in Icahn Enterprises during the fourth quarter valued at $217,000. Virtu KCG Holdings LLC bought a new position in Icahn Enterprises during the second quarter valued at $221,000. Ballew Advisors Inc bought a new position in Icahn Enterprises during the fourth quarter valued at $240,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Icahn Enterprises by 10.0% during the second quarter. The Manufacturers Life Insurance Company now owns 4,738 shares of the conglomerate’s stock valued at $244,000 after purchasing an additional 431 shares during the period. 97.42% of the stock is owned by institutional investors.

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About Icahn Enterprises

Icahn Enterprises L.P. (Icahn Enterprises) is a holding company. The Company’s segments include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. The Company’s Investment segment includes various private investment funds. The Company operates its Automotive segment through its ownership in Federal-Mogul Holdings Corporation and IEH Auto Parts Holding LLC.

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