An issue of Icahn Enterprises LP (NASDAQ:IEP) debt fell 0.9% as a percentage of its face value during trading on Wednesday. The debt issue has a 5.875% coupon and will mature on February 1, 2022. The bonds in the issue are now trading at $99.12 and were trading at $100.25 last week. Price moves in a company’s debt in credit markets sometimes anticipate parallel moves in its stock price.

Separately, BidaskClub cut Icahn Enterprises from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 22nd.

Shares of NASDAQ:IEP opened at $67.57 on Thursday. Icahn Enterprises LP has a 52-week low of $51.01 and a 52-week high of $81.88. The stock has a market capitalization of $12.26 billion, a PE ratio of 20.33 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 5.84 and a quick ratio of 5.84.

Icahn Enterprises (NASDAQ:IEP) last announced its quarterly earnings data on Thursday, November 8th. The conglomerate reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($1.07). Icahn Enterprises had a return on equity of 4.76% and a net margin of 5.29%. The firm had revenue of $2.69 billion during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Monday, November 12th will be paid a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 10.36%. The ex-dividend date is Thursday, November 8th.

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in Icahn Enterprises by 741.5% during the third quarter. Tower Research Capital LLC TRC now owns 1,725 shares of the conglomerate’s stock valued at $100,000 after acquiring an additional 1,520 shares in the last quarter. Lee Financial Co purchased a new position in Icahn Enterprises during the third quarter valued at approximately $151,000. Moloney Securities Asset Management LLC purchased a new position in Icahn Enterprises during the second quarter valued at approximately $249,000. Royal Bank of Canada raised its position in Icahn Enterprises by 243.2% during the first quarter. Royal Bank of Canada now owns 4,939 shares of the conglomerate’s stock valued at $282,000 after acquiring an additional 3,500 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Icahn Enterprises during the third quarter valued at approximately $359,000. Hedge funds and other institutional investors own 94.41% of the company’s stock.

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About Icahn Enterprises (NASDAQ:IEP)

Icahn Enterprises L.P., through its subsidiaries, operates in investment, automotive, energy, railcar, gaming, metals, mining, food packaging, real estate, and home fashion businesses in the United States, Germany, and Internationally. Its Investment segment operates various private investment funds.

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