Icahn Enterprises Sees Unusually Large Options Volume (NASDAQ:IEP)

Icahn Enterprises L.P. (NASDAQ:IEP) was the recipient of unusually large options trading activity on Tuesday. Investors purchased 3,625 put options on the company. This represents an increase of approximately 52% compared to the average volume of 2,387 put options.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Icahn Enterprises in a research report on Monday. Wall Street Zen raised shares of Icahn Enterprises from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Institutional Investors Weigh In On Icahn Enterprises

Large investors have recently modified their holdings of the stock. Allworth Financial LP increased its position in shares of Icahn Enterprises by 408.6% in the second quarter. Allworth Financial LP now owns 5,269 shares of the conglomerate’s stock worth $42,000 after acquiring an additional 4,233 shares in the last quarter. Claro Advisors LLC acquired a new position in Icahn Enterprises in the 2nd quarter worth about $85,000. Azzad Asset Management Inc. ADV bought a new position in Icahn Enterprises during the third quarter valued at approximately $88,000. Caz Investments LP raised its holdings in shares of Icahn Enterprises by 12.5% during the 2nd quarter. Caz Investments LP now owns 11,254 shares of the conglomerate’s stock valued at $91,000 after purchasing an additional 1,254 shares in the last quarter. Finally, EagleClaw Capital Managment LLC bought a new stake in shares of Icahn Enterprises during the 2nd quarter worth $93,000. 87.09% of the stock is owned by institutional investors.

Icahn Enterprises Stock Performance

NASDAQ:IEP traded up $0.01 during trading hours on Tuesday, reaching $7.31. 1,469,228 shares of the stock were exchanged, compared to its average volume of 825,294. The stock has a market capitalization of $4.38 billion, a P/E ratio of -9.25 and a beta of 0.81. Icahn Enterprises has a 52 week low of $7.08 and a 52 week high of $10.74. The firm has a 50 day simple moving average of $8.02 and a 200-day simple moving average of $8.40. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 1.96.

Icahn Enterprises (NASDAQ:IEP) last announced its quarterly earnings results on Wednesday, November 5th. The conglomerate reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.35. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.40 billion. Icahn Enterprises had a negative return on equity of 10.13% and a negative net margin of 4.04%. As a group, sell-side analysts forecast that Icahn Enterprises will post -0.55 earnings per share for the current fiscal year.

Icahn Enterprises Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Monday, November 17th were given a dividend of $0.50 per share. The ex-dividend date was Monday, November 17th. This represents a $2.00 annualized dividend and a dividend yield of 27.4%. Icahn Enterprises’s dividend payout ratio (DPR) is -253.16%.

Icahn Enterprises Company Profile

Icahn Enterprises L.P. (NASDAQ: IEP) is a diversified holding company based in New York City. Controlled by veteran investor Carl C. Icahn, the partnership makes strategic investments and owns wholly or partially controlled subsidiaries across a broad range of industries. With a flexible capital structure, Icahn Enterprises seeks to generate long-term value through active ownership, asset optimization and operational improvements.

The company reports its activities through five principal business segments.