Lincoln National Corp Acquires 7,476 Shares of Icahn Enterprises L.P. (NASDAQ:IEP)

Lincoln National Corp boosted its holdings in Icahn Enterprises L.P. (NASDAQ:IEPFree Report) by 56.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,642 shares of the conglomerate’s stock after acquiring an additional 7,476 shares during the quarter. Lincoln National Corp’s holdings in Icahn Enterprises were worth $408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Icahn Carl C lifted its position in Icahn Enterprises by 11.5% in the 2nd quarter. Icahn Carl C now owns 334,494,577 shares of the conglomerate’s stock valued at $9,710,378,000 after acquiring an additional 34,496,953 shares in the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Icahn Enterprises by 97.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 26,357 shares of the conglomerate’s stock valued at $765,000 after buying an additional 13,024 shares during the period. Cetera Advisor Networks LLC lifted its holdings in shares of Icahn Enterprises by 32.9% during the 2nd quarter. Cetera Advisor Networks LLC now owns 13,618 shares of the conglomerate’s stock valued at $395,000 after buying an additional 3,374 shares during the period. Barclays PLC lifted its holdings in shares of Icahn Enterprises by 57.2% during the 2nd quarter. Barclays PLC now owns 32,002 shares of the conglomerate’s stock valued at $930,000 after buying an additional 11,644 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of Icahn Enterprises by 55.3% during the 2nd quarter. Cetera Investment Advisers now owns 8,390 shares of the conglomerate’s stock valued at $244,000 after buying an additional 2,989 shares during the period. 86.50% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Icahn Enterprises in a report on Thursday, October 5th. They set a “hold” rating on the stock.

Check Out Our Latest Research Report on IEP

Icahn Enterprises Price Performance

NASDAQ IEP opened at $18.25 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 5.34 and a quick ratio of 5.34. The stock has a market capitalization of $7.50 billion, a price-to-earnings ratio of -8.22 and a beta of 0.91. Icahn Enterprises L.P. has a 1-year low of $15.00 and a 1-year high of $54.48. The business’s fifty day moving average price is $17.11 and its 200-day moving average price is $20.08.

Icahn Enterprises (NASDAQ:IEPGet Free Report) last released its earnings results on Friday, November 3rd. The conglomerate reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.35). The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Icahn Enterprises had a negative net margin of 7.02% and a negative return on equity of 10.04%. On average, equities analysts predict that Icahn Enterprises L.P. will post -1.15 earnings per share for the current year.

About Icahn Enterprises

(Free Report)

Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, real estate, home fashion, and pharma businesses in the United States and Internationally. Its Investment segment invests its proprietary capital through various private investment funds. The company's Energy segment refines and markets transportation fuels; and produces and markets nitrogen fertilizers in the form of urea ammonium nitrate and ammonia.

See Also

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 L.P. (NASDAQ:IEPFree Report).

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

Receive News & Ratings for Icahn Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Icahn Enterprises and related companies with MarketBeat.com's FREE daily email newsletter.