Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Bullish Carl Icahn’s 5 Largest Insider Transactions in September

Last month, Carl Icahn spent over $100 million on Motorola shares (MOT). Combine that with the $27 million he spent on Hain Celestial (HAIN) over the past few weeks and his $10.5 million purchase of XO Holdings Inc. (XOHO) earlier this month, and one might reason that Icahn is very bullish right now.  And, he was more bullish than any other insider in the months of August and September. He spent more on Motorola than did any insider on any company in all of August. In September, he spent more on Hain Celestial than did any insider on any company. And Icahn’s purchase of XOHO this month is so far the 5th largest purchase of one company by an insider.

Carl Icahn - Icahn Capital Lp

The XOHO transaction was a single private transaction, where Icahn paid $0.60 per share for more than 17 million shares.  These were not the only transactions of Carl Icahn though. Between September 10th and September 20th Icahn bought nearly 1 million shares of Take Two Interactive Software Inc (TTWO). The prices ranged between $9.45 and $9.76. Another director of TTWO, James Larry Nelson, also purchased 5000 shares at a price of $9.54– supporting Icahn’s bullish views about the company.

The next large transaction by Icahn was for Icahn Enterprises L.P. (IEP). He purchased 111 thousand depositary units at a price of $33.75 per share.  The total dollar value of the transaction was $3.75 million.

Icahn rounded out his insider trading buying spree with Mentor Graphics Corp (MENT). He purchased 100,000 shares at $9.9 and 16,400 shares at $9.98. He already owns 16.1 million shares of the company, so the size of this transaction is negligible.

Overall, it’s pretty clear that Carl Icahn has been one of the most bullish fund managers in September with several large transactions in the top 10. You can follow all insider purchases made by Carl Icahn in real-time at Insider Monkey.

Loading Comments...