20,199 Shares in Icahn Enterprises L.P. (NASDAQ:IEP) Bought by Brookstone Capital Management

Brookstone Capital Management acquired a new stake in shares of Icahn Enterprises L.P. (NASDAQ:IEP) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 20,199 shares of the conglomerate’s stock, valued at approximately $344,000.

Several other institutional investors have also added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its stake in 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 buying an additional 315,070 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Icahn Enterprises by 4,461,650.0% during the fourth quarter. BNP Paribas Financial Markets now owns 178,470 shares of the conglomerate’s stock valued at $3,068,000 after purchasing an additional 178,466 shares in the last quarter. Jump Financial LLC purchased a new stake in Icahn Enterprises in the fourth quarter worth $2,675,000. GSA Capital Partners LLP bought a new position in Icahn Enterprises in the third quarter worth $1,302,000. Finally, MKT Advisors LLC purchased a new position in Icahn Enterprises during the fourth quarter valued at $1,064,000. 87.09% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Icahn Enterprises from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th.

Icahn Enterprises Price Performance

IEP stock opened at $16.31 on Tuesday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 4.62 and a current ratio of 4.62. The firm has a market capitalization of $7.36 billion, a price-to-earnings ratio of -14.18 and a beta of 0.80. The firm has a 50 day moving average price of $16.86 and a 200-day moving average price of $17.56. Icahn Enterprises L.P. has a 52-week low of $15.00 and a 52-week high of $36.00.

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

Icahn Enterprises Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Monday, May 20th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 24.52%. The ex-dividend date was Friday, May 17th. Icahn Enterprises’s dividend payout ratio (DPR) is -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.