National Asset Management Inc. lessened its stake in Icahn Enterprises LP (NASDAQ:IEP) by 1.0% during the first quarter, HoldingsChannel.com reports. The firm owned 19,046 shares of the conglomerate’s stock after selling 188 shares during the period. National Asset Management Inc.’s holdings in Icahn Enterprises were worth $1,381,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Ffcm LLC raised its holdings in shares of Icahn Enterprises by 50.0% in the 4th quarter. Ffcm LLC now owns 480 shares of the conglomerate’s stock worth $27,000 after purchasing an additional 160 shares during the period. Signet Investment Advisory Group Inc. bought a new stake in shares of Icahn Enterprises in the 4th quarter worth approximately $28,000. Baldwin Brothers Inc. MA bought a new stake in shares of Icahn Enterprises in the 1st quarter worth approximately $36,000. Osborn Williams & Donohoe LLC bought a new stake in shares of Icahn Enterprises in the 1st quarter worth approximately $36,000. Finally, Westside Investment Management Inc. bought a new stake in shares of Icahn Enterprises in the 4th quarter worth approximately $57,000. 94.38% of the stock is currently owned by institutional investors.

Shares of IEP stock opened at $72.37 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.34 and a quick ratio of 5.34. Icahn Enterprises LP has a 1 year low of $50.33 and a 1 year high of $81.88.

Icahn Enterprises (NASDAQ:IEP) last issued its earnings results on Thursday, May 2nd. The conglomerate reported ($2.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($2.34). Icahn Enterprises had a net margin of 9.01% and a negative return on equity of 5.55%. The business had revenue of $1.86 billion for the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, May 13th will be issued a dividend of $2.00 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $8.00 dividend on an annualized basis and a yield of 11.05%.

In other Icahn Enterprises news, Director Jack Gumpert Wasserman bought 500 shares of the stock in a transaction on Tuesday, March 5th. The shares were acquired at an average price of $77.81 per share, with a total value of $38,905.00. Following the acquisition, the director now directly owns 1,562 shares of the company’s stock, valued at approximately $121,539.22. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 90.10% of the company’s stock.

A number of research firms recently commented on IEP. BidaskClub raised shares of Icahn Enterprises from a “sell” rating to a “hold” rating in a report on Wednesday, May 8th. UBS Group boosted their target price on shares of Icahn Enterprises from $55.00 to $56.00 and gave the company a “sell” rating in a report on Tuesday, May 7th.

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Icahn Enterprises Company Profile

Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, metals, real estate, home fashion, and mining businesses in the United States and Internationally. Its Investment segment operates various private investment funds. The company's Automotive segment is involved in the retail and wholesale distribution of automotive parts in the aftermarket, as well as offers automotive repair and maintenance services.

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Want to see what other hedge funds are holding IEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Icahn Enterprises LP (NASDAQ:IEP).

Institutional Ownership by Quarter for Icahn Enterprises (NASDAQ:IEP)

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