Avantax Advisory Services Inc. Has $251,000 Holdings in Icahn Enterprises L.P. (NASDAQ:IEP)

Avantax Advisory Services Inc. trimmed its holdings in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 26.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 28,911 shares of the conglomerate’s stock after selling 10,186 shares during the period. Avantax Advisory Services Inc.’s holdings in Icahn Enterprises were worth $251,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Merit Financial Group LLC acquired a new position in shares of Icahn Enterprises during the 4th quarter valued at about $343,000. MML Investors Services LLC bought a new position in shares of Icahn Enterprises in the third quarter valued at approximately $171,000. Barclays PLC raised its position in shares of Icahn Enterprises by 24.3% in the third quarter. Barclays PLC now owns 7,307 shares of the conglomerate’s stock valued at $100,000 after purchasing an additional 1,427 shares during the period. Geode Capital Management LLC lifted its stake in shares of Icahn Enterprises by 3.1% in the third quarter. Geode Capital Management LLC now owns 408,157 shares of the conglomerate’s stock worth $5,518,000 after buying an additional 12,421 shares during the last quarter. Finally, Global Retirement Partners LLC boosted its holdings in shares of Icahn Enterprises by 18.1% during the 4th quarter. Global Retirement Partners LLC now owns 7,122 shares of the conglomerate’s stock worth $62,000 after buying an additional 1,089 shares during the period. 87.09% of the stock is currently owned by institutional investors.

Icahn Enterprises Stock Performance

IEP opened at $9.36 on Thursday. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 1.34. The stock’s 50 day moving average price is $9.74 and its two-hundred day moving average price is $11.04. The firm has a market capitalization of $4.89 billion, a P/E ratio of -8.59 and a beta of 0.85. Icahn Enterprises L.P. has a 12-month low of $8.53 and a 12-month high of $19.10.

Icahn Enterprises (NASDAQ:IEP) last announced its earnings results on Wednesday, February 26th. The conglomerate reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.36). Icahn Enterprises had a negative return on equity of 8.82% and a negative net margin of 4.79%. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.27 billion. On average, equities analysts forecast that Icahn Enterprises L.P. will post -0.55 earnings per share for the current year.

Icahn Enterprises Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Monday, March 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 21.37%. The ex-dividend date is Monday, March 10th. Icahn Enterprises’s dividend payout ratio (DPR) is presently -210.53%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Icahn Enterprises from a “sell” rating to a “hold” rating in a research report on Wednesday.

Icahn Enterprises 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.