Icahn Capital LP is Buying Icahn Enterprises L.p. (NASDAQ:IEP) Shares

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Icahn Enterprises L.p. (NASDAQ:IEP) reported that Icahn Capital LP has picked up 32,666,819 of common stock as of 2017-04-20.

The acquisition brings the aggregate amount owned by Icahn Capital LP to a total of 32,666,819 representing less than 20.4% stake in the company.

For those not familiar with the company, Icahn Enterprises L.P. (Icahn Enterprises) is a holding company. The Company’s segments include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. The Company’s Investment segment includes various private investment funds. The Company operates its Automotive segment through its ownership in Federal-Mogul Holdings Corporation and IEH Auto Parts Holding LLC. The Company operates Energy segment through its controlling interest in CVR Energy, Inc. It operates its Metals segment through its subsidiary, PSC Metals, Inc. The Company operates its Railcar segment through its ownership interests in American Railcar Industries, Inc. Its Food Packaging segment consists of ownership in Viskase Companies, Inc. The Company’s Real Estate operations consist of rental real estate, property development and associated resorts. It also owns a limited partner interest in Icahn Enterprises Holdings L.P. (Icahn Enterprises Holdings).

A glance at Icahn Enterprises L.p. (NASDAQ:IEP)’s key stats reveals a current market capitalization of 7.60 Billion based on 158.01 Million shares outstanding and a price at last close of $49.21 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-02-22 Nelson picked up 92 at a purchase price of $53.71. This brings their total holding to 1,292 as of the date of the filing.

On the sell side, the most recent transaction saw Nelson unload 400 shares at a sale price of $55.34. This brings their total holding to 1,200.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Icahn Enterprises L.p. (NASDAQ:IEP) as things move forward to see if its progress aligns with these transactions.

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