Stock Traders Purchase Large Volume of Call Options on Icahn Enterprises (NASDAQ:IEP)

Icahn Enterprises L.P. (NASDAQ:IEP) saw unusually large options trading on Tuesday. Stock traders acquired 9,527 call options on the stock. This is an increase of approximately 43% compared to the average daily volume of 6,659 call options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in Icahn Enterprises by 3.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,353 shares of the conglomerate’s stock valued at $264,000 after buying an additional 537 shares during the last quarter. PSI Advisors LLC boosted its holdings in shares of Icahn Enterprises by 3.4% during the second quarter. PSI Advisors LLC now owns 30,055 shares of the conglomerate’s stock valued at $495,000 after acquiring an additional 990 shares during the period. Spire Wealth Management grew its position in Icahn Enterprises by 100.0% in the 1st quarter. Spire Wealth Management now owns 2,000 shares of the conglomerate’s stock worth $34,000 after purchasing an additional 1,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Icahn Enterprises by 61.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,845 shares of the conglomerate’s stock worth $47,000 after buying an additional 1,083 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Icahn Enterprises by 133.0% during the fourth quarter. Parallel Advisors LLC now owns 2,006 shares of the conglomerate’s stock valued at $34,000 after purchasing an additional 1,145 shares during the period. Institutional investors and hedge funds own 87.09% of the company’s stock.

Icahn Enterprises Trading Up 8.1 %

NASDAQ:IEP traded up $1.00 on Tuesday, reaching $13.37. The stock had a trading volume of 3,691,177 shares, compared to its average volume of 858,829. The company has a market cap of $6.03 billion, a price-to-earnings ratio of -11.41 and a beta of 0.77. Icahn Enterprises has a 12-month low of $9.72 and a 12-month high of $22.59. The company has a debt-to-equity ratio of 1.23, a current ratio of 4.85 and a quick ratio of 4.85. The firm’s fifty day moving average is $15.28 and its two-hundred day moving average is $16.47.

Icahn Enterprises (NASDAQ:IEP) last announced its earnings results on Wednesday, August 7th. The conglomerate reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.91). The firm had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.24 billion. Icahn Enterprises had a negative return on equity of 8.62% and a negative net margin of 4.97%. During the same quarter last year, the business posted ($0.72) EPS. Equities analysts expect that Icahn Enterprises will post -0.42 EPS for the current fiscal year.

Icahn Enterprises Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Monday, August 19th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $4.00 annualized dividend and a yield of 29.92%. Icahn Enterprises’s payout ratio is currently -347.83%.

Icahn Enterprises Company Profile

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.