Latest news with #CarlIcahn
Yahoo
21-05-2025
- Business
- Yahoo
Arkhouse targets big shakeup at Barry Diller's IAC
You can catch Opening Bid on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. Activist investors such as Carl Icahn, Jeff Smith and Bill Ackman have long been known to be fearless. They lock in on a mismanaged, undervalued target and take executive teams and boards to task to drive shareholder value. Sometimes they are successful, sometimes not so much. But a new breed of activist investor is appearing nowadays, one more inclined to work with management and boards to achieve desired outcomes. Enter Arkhouse managing partner Gavriel Kahane, who led a campaign to buy struggling Macy's (M) last year. Macy's rejected his overtures much to the dismay of investors who have watched the stock plunge since. Kahane is back now with an effort to agitate for change at IAC (IAC), led by billionaire media mogul Barry Diller. Yahoo Finance Executive Editor Brian Sozzi talks on the Opening Bid podcast with Kahane about what he would like to see from Diller and IAC, and shares what may happen next at the media publisher. Kahane also doesn't rule out taking another crack at buying Macy's. For full episodes of Opening Bid, listen on your favorite podcast platform or watch on our website. Yahoo Finance's Opening Bid is produced by Langston Sessoms Sign in to access your portfolio
Yahoo
15-05-2025
- Business
- Yahoo
Carl Icahn's Strategic Moves: Southwest Gas Holdings Inc. Sees a -2% Portfolio Impact
Carl Icahn (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Carl Icahn (Trades, Portfolio) is an activist investor known for taking significant stakes in public companies and typically pushing for change. He invests through three main vehicles: the hedge fund Icahn Partners, American Real Estate Partners (a publicly traded private equity firm), and Icahn Management LP (another hedge fund). GuruFocus tracks the third portfolio, which covers all the stocks owned by Icahn Capital Management. Icahn's strategy involves buying undervalued assets, often out of bankruptcy, and revitalizing them for future sale. He believes that "the consensus thinking is generally wrong" and prefers investing in non-glamorous, out-of-favor companies, especially when entire industries are overlooked. Warning! GuruFocus has detected 5 Warning Signs with IEP. Carl Icahn (Trades, Portfolio) also increased stakes in a total of four stocks, among them: The most notable increase was in JetBlue Airways Corp (NASDAQ:JBLU), with an additional 15,894,706 shares, bringing the total to 33,621,735 shares. This adjustment represents a significant 89.66% increase in share count, a 1.02% impact on the current portfolio, with a total value of $162,056,760. The second largest increase was in CVR Energy Inc (NYSE:CVI), with an additional 1,841,889 shares, bringing the total to 68,534,270. This adjustment represents a 2.76% increase in share count, with a total value of $1,329,564,830. Carl Icahn (Trades, Portfolio) also reduced his position in one stock. The most significant change includes: Reduced Southwest Gas Holdings Inc (NYSE:SWX) by 2,100,000 shares, resulting in a -21.8% decrease in shares and a -2% impact on the portfolio. The stock traded at an average price of $74.04 during the quarter and has returned -9.22% over the past three months and -0.47% year-to-date. At the first quarter of 2025, Carl Icahn (Trades, Portfolio)'s portfolio included 14 stocks. The top holdings were 54.55% in Icahn Enterprises LP (NASDAQ:IEP), 17.76% in CVR Energy Inc (NYSE:CVI), 7.22% in Southwest Gas Holdings Inc (NYSE:SWX), 4.12% in CVR Partners LP (NYSE:UAN), and 3.89% in International Flavors & Fragrances Inc (NYSE:IFF). The holdings are mainly concentrated in six of the 11 industries: Energy, Utilities, Basic Materials, Healthcare, Consumer Cyclical, and Industrials. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
15-05-2025
- Business
- Yahoo
Carl Icahn's Strategic Moves: Southwest Gas Holdings Inc. Sees a -2% Portfolio Impact
Carl Icahn (Trades, Portfolio) recently submitted the 13F filing for the first quarter of 2025, providing insights into his investment moves during this period. Carl Icahn (Trades, Portfolio) is an activist investor known for taking significant stakes in public companies and typically pushing for change. He invests through three main vehicles: the hedge fund Icahn Partners, American Real Estate Partners (a publicly traded private equity firm), and Icahn Management LP (another hedge fund). GuruFocus tracks the third portfolio, which covers all the stocks owned by Icahn Capital Management. Icahn's strategy involves buying undervalued assets, often out of bankruptcy, and revitalizing them for future sale. He believes that "the consensus thinking is generally wrong" and prefers investing in non-glamorous, out-of-favor companies, especially when entire industries are overlooked. Warning! GuruFocus has detected 5 Warning Signs with IEP. Carl Icahn (Trades, Portfolio) also increased stakes in a total of four stocks, among them: The most notable increase was in JetBlue Airways Corp (NASDAQ:JBLU), with an additional 15,894,706 shares, bringing the total to 33,621,735 shares. This adjustment represents a significant 89.66% increase in share count, a 1.02% impact on the current portfolio, with a total value of $162,056,760. The second largest increase was in CVR Energy Inc (NYSE:CVI), with an additional 1,841,889 shares, bringing the total to 68,534,270. This adjustment represents a 2.76% increase in share count, with a total value of $1,329,564,830. Carl Icahn (Trades, Portfolio) also reduced his position in one stock. The most significant change includes: Reduced Southwest Gas Holdings Inc (NYSE:SWX) by 2,100,000 shares, resulting in a -21.8% decrease in shares and a -2% impact on the portfolio. The stock traded at an average price of $74.04 during the quarter and has returned -9.22% over the past three months and -0.47% year-to-date. At the first quarter of 2025, Carl Icahn (Trades, Portfolio)'s portfolio included 14 stocks. The top holdings were 54.55% in Icahn Enterprises LP (NASDAQ:IEP), 17.76% in CVR Energy Inc (NYSE:CVI), 7.22% in Southwest Gas Holdings Inc (NYSE:SWX), 4.12% in CVR Partners LP (NYSE:UAN), and 3.89% in International Flavors & Fragrances Inc (NYSE:IFF). The holdings are mainly concentrated in six of the 11 industries: Energy, Utilities, Basic Materials, Healthcare, Consumer Cyclical, and Industrials. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
SEC ends probe of Illumina's Grail acquisition
This story was originally published on MedTech Dive. To receive daily news and insights, subscribe to our free daily MedTech Dive newsletter. The Securities and Exchange Commission has concluded its investigation into Illumina's 2021 acquisition of liquid biopsy maker Grail and recommended no enforcement action be taken, the company said Thursday. Illumina spun off Grail in 2024, following several tumultuous years in which regulators had challenged the $8 billion takeover, ultimately forcing the separation. During that time, activist investor Carl Icahn waged a proxy battle that saw shareholders vote to oust Chairman John Thompson in May 2023 and CEO Francis deSouza resign three weeks later. In an earnings statement for the first quarter, the DNA sequencing company also said it expects $85 million in tariff-related costs to reduce earnings per share by 25 cents in fiscal 2025. Illumina bought Grail back after it had first spun off the business in 2016. But regulators objected to the move, warning Illumina's dominance in the sequencing market would deter development of rival multi-cancer early detection tests. Last year, Illumina avoided a 432 million euro fine from the European Commission after the Court of Justice ruled the EC did not have the authority to investigate the Grail acquisition. The U.S. Federal Trade Commission also dismissed its case against Illumina and Grail after the spinoff. In its latest filing, Illumina said it received on May 1 a termination letter from the SEC, which stated the regulator did not intend to recommend any enforcement action after concluding its investigation. The San Diego, California-based company plans to cut $100 million in costs to mitigate the impact of expected hits to revenue and operating income stemming from the company's China business. Executives said on the earnings call that Illumina expects minimal instrument placements in the China region this year after the company's ability to export sequencing instruments was restricted. China's Ministry of Commerce placed Illumina on its unreliable entity list in February, shortly after the Trump administration ordered a new tariff on Chinese imports. Illumina is engaging with regulators in China on solutions to permit its long-term presence in the market, company executives said. The company lowered its full-year forecast for non-GAAP EPS to a range of $4.20 to $4.30, down from the prior guidance of about $4.50, primarily due to tariffs. Recommended Reading Illumina's DNA sequencers hit with China import ban Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-04-2025
- Business
- Yahoo
CVR Partners, LP (UAN): Among Most Expensive Stocks Insiders Are Buying After Trump's Tariff Rollout
We recently published a list of . In this article, we are going to take a look at where CVR Partners, LP (NYSE:UAN) stands against other most expensive stocks insiders are buying after Trump's tariff rollout. Wall Street banks have sharply cut their targets for the broader market index due to growing fears about the economic fallout from new tariffs, writes the Financial Times. Since the tariff announcement on April 2, the broader market index has dropped nearly 7%. Major banks now expect lower market gains in 2025, with some analysts predicting a possible bear market directly triggered by presidential policy shifts. Amid tariff wars and market uncertainty, insider trading often draws attention. Insider stock purchases may signal executive confidence, while sales aren't necessarily negative—they could reflect personal or diversification choices. It's best to view insider trading in context with a company's financials and market conditions. Today, we're highlighting most expensive stocks that insiders have been buying in April. Using Insider Monkey's trading screener, we looked for companies with share prices of at least $30 and insider purchases between April 2 and April 21. From there, we ranked the top 12 stocks based on the highest average purchase price per share. Stocks that were recently covered were excluded from this list. Most of those can be seen on this list of the 19 mid- and large-cap stocks insiders are buying after Trump's tariff rollout. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A farmer in traditional attire inspecting a field of nitrogen fertilized crops. CVR Partners, LP (NYSE:UAN) produces and sells nitrogen fertilizers, including ammonia and urea ammonium nitrate, primarily in the U.S. The company serves both agricultural and industrial customers. It is based in Sugar Land, Texas, and is a subsidiary of CVR Energy, Inc. While ranking sixth among the 12 most expensive stocks insiders are buying after Trump's Tarrif Rollout, it is also one of the 15 stocks that received the most insider investment in March. In April, one insider and a large shareholder at CVR Partners (NYSE:UAN), Billionaire Carl Icahn, purchased $3.86 million worth of shares at an average price of $71.05 per share. The stock has declined 2% since the beginning of the year, trading at $71.05 per share. Over the past 12 months, its shares dropped 1.71%. In 2024, CVR Energy reported revenue of $7.61 billion, down 17.7% from the previous year's $9.25 billion. Net income dropped to $7 million, or 6 cents per share, compared to $769 million, or $7.65 per share in 2023. The company also posted an adjusted loss of 51 cents per share, down from adjusted earnings of $5.64 per share in 2023. Overall, UAN ranks 6th on our list of most expensive stocks insiders are buying after Trump's tariff rollout. While we acknowledge the potential of UAN, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than UAN but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
