Learn Why Carl Icahn’s Icahn Carl C Purchased Icahn Enterprises L.P. Stake?

September 19, 2017 - By Kurt Siggers

 Learn Why Carl Icahn's Icahn Carl C Purchased Icahn Enterprises L.P. Stake?

Investors sentiment decreased to 0.79 in 2016 Q4. Its down 0.42, from 1.21 in 2016Q3. It dived, as 7 investors sold Icahn Enterprises LP shares while 27 reduced holdings. 9 funds opened positions while 18 raised stakes. 139.96 million shares or 1.97% more from 137.26 million shares in 2016Q3 were reported.

120 are held by Winslow Evans & Crocker. The Pennsylvania-based Pnc Services Group has invested 0% in Icahn Enterprises LP (NASDAQ:IEP). Moreover, Ipg Invest Advsr Lc has 0% invested in Icahn Enterprises LP (NASDAQ:IEP) for 3,796 shares. X Mgmt Llc holds 0.38% of its portfolio in Icahn Enterprises LP (NASDAQ:IEP) for 143,760 shares. Guggenheim Cap Lc holds 0.01% or 31,355 shares in its portfolio. Creative Planning, Kansas-based fund reported 22,058 shares. 1,025 were accumulated by Da Davidson And. Moors & Cabot Incorporated reported 3,356 shares or 0.03% of all its holdings. Guardian Tru Company reported 0% in Icahn Enterprises LP (NASDAQ:IEP). Plante Moran Limited Liability Corp, Michigan-based fund reported 101 shares. Texas Yale Cap holds 58,193 shares or 0.33% of its portfolio. Moreover, Icahn Carl C has 34.82% invested in Icahn Enterprises LP (NASDAQ:IEP). Mckinley Cap Mgmt Delaware invested in 22,105 shares or 0.05% of the stock. Us Bancshares De accumulated 1,164 shares. Architects holds 0.02% or 1,600 shares in its portfolio.

The New Carl Icahn’s Icahn Carl C Holding in Icahn Enterprises L.P.

Icahn Carl C reported SC 13D/A form with the SEC for Icahn Enterprises L.P.. Access it here: 000092846417000040. As reported by Carl Icahn’s Icahn Carl C, the filler owns 90.8% or 153,485,679 shares of the Industrials–company.

Icahn Enterprises L.P. stake is new for [reportingPerson]. Date of activity: September 15, 2017. This shows Carl Icahn’s Icahn Carl C’s positive view for Icahn Enterprises L.P..

The hedge fund is investor in the Finance sector. In the manager’s last 13-F, we saw 25% of Carl Icahn’s Icahn Carl C’s portfolio is in the sector.

Icahn Enterprises L.P. Institutional Sentiment

Filings show 85 investors own Icahn Enterprises L.P.. The ownership in Q3 2015 is high, at 74.78 % of the outstanding shares. This is increased by 2283594. 123247751 were owned by these investors. 13 funds opened new Icahn Enterprises L.P. stakes, 32 increased positions. There were 16 that closed positions and 29 reduced them.

3 investors had the stock in their top 10. Some are: Icahn Carl C, Horizon Kinetics Llc, Mad River Investors..

Valentine Capital Asset Management Inc is an investor bullish on Icahn Enterprises L.P., owning 29997 shares as of Q3 2015 for 1.78% of its portfolio. Fishman Jay A Ltd owns 147027 shares or less than 0.01% of its portfolio. NY Horizon Kinetics Llc have 4.60% of its portfolio for 3785191 shares. Further, Mad River Investors reported stake worth 9.45% of its portfolio. The NY Icahn Carl C owns 114551382 shares. Icahn Enterprises L.P. is 27.54% of its portfolio.

Business Profile

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. The Company operates Energy segment through its controlling interest in CVR Energy, Inc. It operates its Metals segment through its subsidiary, PSC Metals, Inc. The Company operates its Railcar segment through its ownership interests in American Railcar Industries, Inc. Its Food Packaging segment consists of ownership in Viskase Companies, Inc. The Company’s Real Estate operations consist of rental real estate, property development and associated resorts. It also owns a limited partner interest in Icahn Enterprises Holdings L.P. (Icahn Enterprises Holdings).

SEC Form 13D.

The stock decreased 0.02% or $0.01 on September 19, reaching $54.26. About 40,211 shares traded. Icahn Enterprises LP (NASDAQ:IEP) has declined 7.69% since September 19, 2016 and is downtrending. It has underperformed by 24.39% the S&P500.

Icahn Enterprises L.P. is a holding company. The company has market cap of $8.94 billion. The Company’s divisions include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. It has a 6.88 P/E ratio. The Company’s Investment segment includes various private investment funds.

Icahn Enterprises LP (NASDAQ:IEP) Ratings Coverage

Among 2 analysts covering Icahn Enterprises LP (NASDAQ:IEP), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Icahn Enterprises LP has $105 highest and $30 lowest target. $67.50’s average target is 24.40% above currents $54.26 stock price. Icahn Enterprises LP had 2 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Thursday, August 18 by UBS.

More notable recent Icahn Enterprises LP (NASDAQ:IEP) news were published by: Globenewswire.com which released: “Icahn Enterprises LP Reports Second Quarter 2017 Financial Results” on August 08, 2017, also Seekingalpha.com with their article: “Tracking Carl Icahn’s Portfolio – Q2 2017 Update” published on August 17, 2017, Globenewswire.com published: “Icahn Enterprises LP Announces Pricing Terms for Rights Offering” on January 10, 2017. More interesting news about Icahn Enterprises LP (NASDAQ:IEP) were released by: Globenewswire.com and their article: “Icahn Enterprises LP Completes Sale of the Former Fontainebleau Las Vegas …” published on August 29, 2017 as well as Globenewswire.com‘s news article titled: “Icahn Enterprises LP Completes Sale of American Railcar Leasing LLC” with publication date: June 01, 2017.

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