Icahn Enterprises LP (NASDAQ:IEP) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $74.92. Icahn Enterprises shares last traded at $74.92, with a volume of 1,333 shares changing hands.

IEP has been the topic of several analyst reports. BidaskClub lowered Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. UBS Group restated a “buy” rating and set a $25.00 price target on shares of Infineon Technologies in a research report on Tuesday, May 7th.

The stock has a fifty day simple moving average of $71.78. The company has a quick ratio of 5.34, a current ratio of 5.34 and a debt-to-equity ratio of 0.63.

Icahn Enterprises (NASDAQ:IEP) last posted its quarterly earnings results on Thursday, May 2nd. The conglomerate reported ($2.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($2.34). The company had revenue of $1.86 billion during the quarter. Icahn Enterprises had a net margin of 9.01% and a negative return on equity of 5.55%.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, May 13th were paid a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 10.68%. The ex-dividend date of this dividend was Friday, May 10th.

A number of hedge funds have recently added to or reduced their stakes in the business. Strategic Wealth Management Inc. bought a new position in shares of Icahn Enterprises in the 2nd quarter valued at about $2,879,000. Hsbc Holdings PLC lifted its stake in Icahn Enterprises by 10.7% in the 4th quarter. Hsbc Holdings PLC now owns 39,077 shares of the conglomerate’s stock valued at $2,231,000 after purchasing an additional 3,772 shares during the last quarter. Raymond James & Associates lifted its stake in Icahn Enterprises by 9.2% in the 1st quarter. Raymond James & Associates now owns 38,886 shares of the conglomerate’s stock valued at $2,819,000 after purchasing an additional 3,290 shares during the last quarter. Bank of America Corp DE lifted its stake in Icahn Enterprises by 54.7% in the 4th quarter. Bank of America Corp DE now owns 31,291 shares of the conglomerate’s stock valued at $1,786,000 after purchasing an additional 11,067 shares during the last quarter. Finally, Mutual Advisors LLC lifted its stake in Icahn Enterprises by 2.0% in the 4th quarter. Mutual Advisors LLC now owns 24,872 shares of the conglomerate’s stock valued at $1,420,000 after purchasing an additional 477 shares during the last quarter. Hedge funds and other institutional investors own 94.28% of the company’s stock.

About Icahn Enterprises (NASDAQ:IEP)

Icahn Enterprises L.P., through its subsidiaries, operates in investment, energy, automotive, food packaging, metals, real estate, home fashion, and mining businesses in the United States and Internationally. Its Investment segment operates various private investment funds. The company's Automotive segment is involved in the retail and wholesale distribution of automotive parts in the aftermarket, as well as offers automotive repair and maintenance services.

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