Icahn Enterprises L.P. (IEP) Reaches $68.32 After 8.00% Down Move; Blackrock Municipal Income Quality Trust (BYM) Sentiment Is 1.25

May 22, 2018 - By Ellis Scott

Icahn Enterprises L.P. (NASDAQ:IEP) Logo

Blackrock Municipal Income Quality Trust (BYM) investors sentiment increased to 1.25 in Q4 2017. It’s up 0.18, from 1.07 in 2017Q3. The ratio is more positive, as 20 investment managers opened new or increased stock positions, while 16 trimmed and sold positions in Blackrock Municipal Income Quality Trust. The investment managers in our database now possess: 1.94 million shares, down from 2.19 million shares in 2017Q3. Also, the number of investment managers holding Blackrock Municipal Income Quality Trust in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 11 Increased: 9 New Position: 11.

The stock of Icahn Enterprises L.P. (NASDAQ:IEP) is a huge mover today! The stock decreased 2.06% or $1.4349 during the last trading session, reaching $68.3151. About 77,918 shares traded. Icahn Enterprises L.P. (NASDAQ:IEP) has risen 11.77% since May 22, 2017 and is uptrending. It has outperformed by 0.22% the S&P500.The move comes after 9 months negative chart setup for the $12.17B company. It was reported on May, 22 by Barchart.com. We have $62.85 PT which if reached, will make NASDAQ:IEP worth $973.84M less.

More notable recent Icahn Enterprises L.P. (NASDAQ:IEP) news were published by: Bizjournals.com which released: “Xerox faces hurdles in finding another buyer” on May 22, 2018, also Globenewswire.com with their article: “Icahn Enterprises LP Reports First Quarter 2018 Financial Results” published on May 03, 2018, Nasdaq.com published: “Is Eldorado Resorts Expanding Too Fast?” on April 23, 2018. More interesting news about Icahn Enterprises L.P. (NASDAQ:IEP) were released by: Nasdaq.com and their article: “Despite Surviving Short Attack, Herbalife Ltd. Stock Is Still Overvalued” published on April 26, 2018 as well as Bizjournals.com‘s news article titled: “Xerox cancels Fujifilm merger, puts Icahn’s pals in charge” with publication date: May 14, 2018.

Among 2 analysts covering Icahn Enterprises LP (NASDAQ:IEP), 1 have Buy rating, 1 Sell and 0 Hold. Therefore 50% are positive. Icahn Enterprises LP has $105 highest and $30 lowest target. $53’s average target is -22.42% below currents $68.3151 stock price. Icahn Enterprises LP had 5 analyst reports since July 22, 2015 according to SRatingsIntel. UBS maintained the stock with “Sell” rating in Wednesday, November 8 report. UBS maintained the shares of IEP in report on Tuesday, March 6 with “Sell” rating. The rating was maintained by Jefferies on Friday, November 3 with “Buy”. The rating was downgraded by UBS to “Sell” on Thursday, August 18.

Investors sentiment increased to 1.24 in Q4 2017. Its up 0.36, from 0.88 in 2017Q3. It improved, as 7 investors sold Icahn Enterprises L.P. shares while 18 reduced holdings. 11 funds opened positions while 20 raised stakes. 169.13 million shares or 2.85% more from 164.45 million shares in 2017Q3 were reported. Cibc Asset Mgmt Inc holds 0% of its portfolio in Icahn Enterprises L.P. (NASDAQ:IEP) for 5,478 shares. Wells Fargo & Mn accumulated 0% or 62,607 shares. Deutsche National Bank Ag holds 0.01% or 203,233 shares. X Mngmt Co Llc invested in 0% or 2,745 shares. Fishman Jay A Mi owns 0.99% invested in Icahn Enterprises L.P. (NASDAQ:IEP) for 98,734 shares. Icahn Carl C accumulated 157.90M shares. Citadel Advsr Ltd Llc holds 0% or 13,595 shares. Manufacturers Life Ins The holds 5,743 shares. Moody National Bank Division reported 0.02% in Icahn Enterprises L.P. (NASDAQ:IEP). Tower Cap (Trc) has 0% invested in Icahn Enterprises L.P. (NASDAQ:IEP) for 2 shares. Peak6 Investments Ltd Partnership has invested 0% of its portfolio in Icahn Enterprises L.P. (NASDAQ:IEP). United Cap Advisers Lc holds 0% or 7,753 shares in its portfolio. California Pub Employees Retirement stated it has 0% in Icahn Enterprises L.P. (NASDAQ:IEP). Stifel Corporation accumulated 4,016 shares. Hsbc Public Limited Com has invested 0% in Icahn Enterprises L.P. (NASDAQ:IEP).

Icahn Enterprises L.P., through its subsidiaries, operates in investment, automotive, energy, metals, railcar, gaming, metals, mining, food packaging, real estate, and home fashion businesses in the United States, Germany, and Internationally. The company has market cap of $12.17 billion. The Company’s Investment segment operates various private investment funds. It has a 4.62 P/E ratio. The company's Automotive segment supplies a range of components, accessories, and systems to the automotive, small engine, heavy-duty, marine, railroad, agricultural, off-road, aerospace and energy, industrial, and transport markets; and distributes automotive parts, as well as operates automotive retail, and service and tire centers.

The stock increased 0.15% or $0.02 during the last trading session, reaching $13.07. About 54,434 shares traded. Blackrock Municipal Income Qual (BYM) has declined 5.92% since May 22, 2017 and is downtrending. It has underperformed by 17.47% the S&P500.

Goodwin Daniel L holds 0.23% of its portfolio in Blackrock Municipal Income Qual for 36,622 shares. Tradewinds Capital Management Llc owns 18,200 shares or 0.13% of their US portfolio. Moreover, Robinson Capital Management Llc has 0.07% invested in the company for 9,859 shares. The Colorado-based Advisors Asset Management Inc. has invested 0.05% in the stock. Capital Investment Advisors Llc, a Georgia-based fund reported 22,900 shares.

Icahn Enterprises L.P. (NASDAQ:IEP) Institutional Positions Chart

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