Icahn Enterprises LP

On November 14, Carl Icahn’s Icahn Capital Management filed its form 13F. In the third quarter, it included two new stocks.

Carl Icahn has agreed to limit his ownership of Cloudera stock to 20% and not nominate any directors for the 2020 annual meeting.

Yesterday, Carl Icahn revealed his 12.6% stake in data analytics company Cloudera (CLDR), causing its shares to jump.

Of the two analysts surveyed by Bloomberg, one gave Icahn Enterprises a “buy” rating. The other gave a “hold.” They have given IEP a price target of $56.5.

At the end of 2Q16, IEP’s market value of subsidiaries was $4.4 billion ($5.6 billion at the end of 1Q16). The value of unlisted companies was $4.6 billion.

In 2Q16 Icahn Enterprises’ Automotive segment was the largest contributor to overall revenue, fetching 60% of the total, with an EBITDA margin of 8.8%.

In 2Q16, Icahn Enterprises’ Investment segment was the largest drag on revenues, contributing 7% to total revenues, with an operating loss of $306 million.

On August 4, 2016, Icahn Enterprises announced its 2Q16 results, sending its shares down by 4.1% from the opening price of $55.60 to $53.31 that day.

Icahn Enterprises (IEP) has been invested in auto parts maker Federal-Mogul Holdings (FDML) for almost a decade. Carl Icahn currently owns 82% of the company.

Icahn Enterprises’ (IEP) stock fell 14.4% from April 1 to July 19, 2016. On July 20, the stock was trading at $54.0.

Icahn Enterprises (IEP) is scheduled to release its 2Q16 earnings on August 4, 2016. Icahn Enterprises’ 1Q16 revenue stood at $3.1 billion, nearly 26.6% below the market consensus of $4.3 billion.

In 2001, when Federal-Mogul was undergoing a Chapter 11 bankruptcy, Icahn had invested in $1.1 billion in the company’s convertible bonds.

In a Squawk Box interview on CNBC, activist investor Carl Icahn expressed his agreement with George Soros’s bearish outlook on the economy. Icahn cited Soros’s opinion about the existence of a false market buoyed by zero interest rates.

In 4Q15, Icahn Enterprises’ (IEP) market value of subsidiaries was $7.8 billion. The value of its unlisted companies was $3.2 billion.

Icahn Enterprises (IEP) owns 68% of the outstanding stock of Tropicana Entertainment through Icahn Enterprises Holding LP (IEH).

Icahn Enterprises (IEP) conducts its Home Fashion business through its indirect wholly owned subsidiary, WestPoint Home.

In fiscal 2015, Icahn Enterprises’ (IEP) Railcar segment contributed approximately 6% to the company’s total revenue and 42% to its operating margin.

In the railcar market, Icahn Enterprises (IEP) conducts business through its majority-owned interest in American Railcar Industries (ARII) and American Railcar Leasing (ARL).

In this series, we’ll look at Icahn Enterprises’ (IEP) Mining, Railcar, Home Fashion, Food Packaging, and Gaming segments. We’ll also discuss the factors that led to Icahn’s high dividend yield and its major risks.

In 1Q16, Icahn Enterprises’ (IEP) automotive segment was the largest contributor to the company’s overall revenue.

Each of Icahn Enterprises’ ten operating segments has an impact on IEP’s revenues, growth, and profitability.

Icahn Enterprises (IEP) owns 100% outstanding stock of AREP Real Estate Holdings through Icahn Enterprises Holdings (IEH).

Icahn’s automotive segment includes Federal-Mogul and IEH Auto Parts. FDML is a global supplier of a broad range of components, accessories, and systems.

Icahn has a long history of investing in both public equity and debt securities. Its strategy is to invest in companies that it believes to be undervalued.

Icahn Enterprises’ segments invest in businesses that they believe to be undervalued. The company has strong financial muscle to park its permanent capital.

Global growth is of the utmost importance to Icahn Enterprises. Its revenue streams are diverse and are affected by weak macroeconomic environments.

Icahn Enterprises’ (IEP) stock price corrected by 33% from April 20, 2015, to April 20, 2016. On April 15, 2016, the company was trading at $61.3.

Icahn Enterprises’ investment strategy involves identifying and purchasing undervalued businesses and assets at distressed prices.

Market commentators have noticed that when Icahn starts buying into a company, its stock prices rise. This trend has been called the “Icahn Lift.”

Carl Icahn is one of Wall Street’s most influential investors. He disclosed Icahn Associates Corp.’s 2Q14 positions through a 13F filing last month. The size of the U.S. long portfolio increased to $38.5 billion. It was $32.9 billion last quarter. Its only buy in the second quarter was Gannett Co. (GCI).

Carl Icahn, one of Wall Street’s most influential investors, disclosed Icahn Associates Corp.’s 1Q 2014 positions via a 13F filing this month.