Triumph Capital Management Raises Holdings in Icahn Enterprises L.P. (NASDAQ:IEP)

Triumph Capital Management boosted its stake in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 27.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,254 shares of the conglomerate’s stock after acquiring an additional 4,521 shares during the quarter. Triumph Capital Management’s holdings in Icahn Enterprises were worth $184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the stock. Icahn Carl C lifted its holdings in Icahn Enterprises by 4.1% in the 4th quarter. Icahn Carl C now owns 450,788,170 shares of the conglomerate’s stock worth $3,908,333,000 after buying an additional 17,581,237 shares during the period. First Trust Advisors LP lifted its holdings in Icahn Enterprises by 26.2% in the 4th quarter. First Trust Advisors LP now owns 660,077 shares of the conglomerate’s stock worth $5,723,000 after buying an additional 137,012 shares during the period. Raymond James Financial Inc. purchased a new stake in Icahn Enterprises in the 4th quarter worth approximately $969,000. Virtu Financial LLC purchased a new stake in Icahn Enterprises in the 4th quarter worth approximately $856,000. Finally, Axxcess Wealth Management LLC purchased a new stake in Icahn Enterprises in the 4th quarter worth approximately $447,000. 87.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Icahn Enterprises from a “sell” rating to a “hold” rating in a report on Saturday.

Icahn Enterprises Stock Up 0.8%

Shares of NASDAQ:IEP opened at $9.75 on Monday. Icahn Enterprises L.P. has a 52-week low of $7.27 and a 52-week high of $17.93. The firm has a market capitalization of $5.32 billion, a P/E ratio of -8.94 and a beta of 0.79. The stock has a 50 day moving average price of $8.86 and a 200-day moving average price of $9.75. The company has a debt-to-equity ratio of 1.34, a quick ratio of 4.61 and a current ratio of 4.61.

Icahn Enterprises (NASDAQ:IEP) last posted its quarterly earnings data on Wednesday, May 7th. The conglomerate reported ($0.79) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.98). Icahn Enterprises had a negative net margin of 4.79% and a negative return on equity of 8.82%. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.63 billion. As a group, equities research analysts anticipate that Icahn Enterprises L.P. will post -0.55 EPS for the current fiscal year.

Icahn Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 25th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a $2.00 annualized dividend and a yield of 20.51%. Icahn Enterprises’s dividend payout ratio is -121.21%.

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.