Oppenheimer & Co. Inc. Reduces Position in Icahn Enterprises LP (IEP)

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Oppenheimer & Co. Inc. lessened its holdings in shares of Icahn Enterprises LP (NASDAQ:IEP) by 2.7% in the 4th quarter, HoldingsChannel reports. The fund owned 5,603 shares of the conglomerate’s stock after selling 157 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Icahn Enterprises were worth $320,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Morgan Stanley grew its stake in shares of Icahn Enterprises by 19.6% in the 3rd quarter. Morgan Stanley now owns 185,168 shares of the conglomerate’s stock valued at $13,096,000 after buying an additional 30,381 shares during the period. Mutual Advisors LLC lifted its holdings in shares of Icahn Enterprises by 96.2% in the 3rd quarter. Mutual Advisors LLC now owns 24,395 shares of the conglomerate’s stock worth $1,725,000 after acquiring an additional 11,960 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Icahn Enterprises by 79.0% in the 2nd quarter. California Public Employees Retirement System now owns 25,615 shares of the conglomerate’s stock worth $1,820,000 after acquiring an additional 11,303 shares during the last quarter. Bank of Montreal Can acquired a new position in shares of Icahn Enterprises in the 3rd quarter worth approximately $617,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Icahn Enterprises in the 3rd quarter worth approximately $587,000. 96.76% of the stock is owned by institutional investors.

Icahn Enterprises stock opened at $68.50 on Tuesday. The company has a market cap of $12.88 billion, a price-to-earnings ratio of 21.32 and a beta of 1.51. Icahn Enterprises LP has a 52-week low of $50.33 and a 52-week high of $81.88. The company has a current ratio of 5.84, a quick ratio of 5.84 and a debt-to-equity ratio of 0.64.

Separately, BidaskClub upgraded shares of Icahn Enterprises from a “hold” rating to a “buy” rating in a report on Tuesday, October 30th.

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Icahn Enterprises Profile

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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Want to see what other hedge funds are holding IEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Icahn Enterprises LP (NASDAQ:IEP).

Institutional Ownership by Quarter for Icahn Enterprises (NASDAQ:IEP)

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