Headquartered in Sunny Isles Beach, FL Fiscal year ends December NASDAQ: IEP ielp.com
Icahn Enterprises L.P. is a diversified holding company structured as a master limited partnership, controlled by activist investor Carl C. Icahn. The company owns subsidiaries engaged in Investment, Energy (primarily through a 71% stake in CVR Energy, an oil refining and nitrogen fertilizer business), Automotive (including Pep Boys, which is being sold for $700 million), Food Packaging (Viskase), Real Estate, Home Fashion (WestPoint Home), and Pharma (Vivus). IEP's Investment segment manages a portfolio of long and short equity positions with broad market hedges. The company's strategy emphasizes activist investing, seeking undervalued controlled positions and working to unlock value over time. IEP trades on the Nasdaq Global Select Market and distributes quarterly cash or unit distributions to depositary unitholders. Updated
Carl Icahn keeps buying his own holding company, adding to his Icahn Enterprises position for the third disclosed time since April. The 13D filing signals activist intent, and the man running the company is the one stepping up on the units.
Carl Icahn is buying more of his own holding company, adding to a position of roughly 140.8 million units even as quarterly losses keep widening. His own purchases signal how he values the units here.
Icahn Enterprises is the biggest payer today, sending shareholders about $355 million, or 50 cents a share, on September 23. KLA is close behind at roughly $300 million, with Carlyle Group, Gen Digital and Reynolds Consumer Products also paying out.
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Icahn Enterprises L.P. is a diversified holding company structured as a master limited partnership, controlled by activist investor Carl C. Icahn.
24/7 Wall St.'s 12-month price target for IEP is $13.21, rated Buy. The Wall Street consensus target is $12.00. IEP price prediction →
