Billionaire Carl Icahn‘s Icahn Capital LP recently filed an amended Form 13D with the Securities and Exchange Commission, in which it reported a change in its percentage of ownership of American Railcar Industries Inc. (NASDAQ:ARII). Namely, the company has made a few repurchases of its shares during the past three quarters, which has resulted in Icahn Capital’s percentage of ownership increasing. On February 19, the fund held 60.31% of the company’s shares, while it now holds 61.31% of the company’s outstanding stock, or 11.87 million common shares. Icahn’s actual share ownership has not changed dating back to February 19 (in fact it hasn’t changed dating all the way back to the middle of 2012).
American Railcar Industries Inc. (NASDAQ:ARII) is a company that produces tank and hopper railcars, and which operates three divisions: railcar leasing, railcar services, and manufacturing. Over the past 12 months, the company’s shares have lost 37.56%. For the third quarter of 2016, American Railcar Industries reported EPS of $0.40 and revenue of $145 million, below analysts’ estimates of $0.97 and $146.8 million, respectively.
Among the hedge funds tracked by Insider Monkey, 11 were bullish on American Railcar Industries Inc. (NASDAQ:ARII) at the end of June, down from 14 at the end of March. Some of the investments firms with the biggest holdings included Chuck Royce’s Royce & Associates (189,100 shares), Neil Chriss’ Hutchin Hill Capital (20,785 shares), George Hall’s Clinton Group (15,160 shares), and Gregory Fraser, Rudolph Kluiber, and Timothy Krochuk’s GRT Capital Partners (6,299 shares).
You can access the original SEC filing by clicking here.
Ownership Summary Table
|Name||Sole Voting Power||Shared Voting Power||Sole Dispositive Power||Shared Dispositive Power||Aggregate Amount Owned Power||Percent of Class|
|IEH ARI Holdings||11,871,268||0||11,871,268||0||11,871,268||61.31%|
|American Entertainment Properties Corp||0||11,871,268||0||11,871,268||11,871,268||61.31%|
|Icahn Enterprises Holdings||0||11,871,268||0||11,871,268||11,871,268||61.31%|
|Icahn Enterprises G.P. Inc||0||11,871,268||0||11,871,268||11,871,268||61.31%|
|Carl C. Icahn||0||11,871,268||0||11,871,268||11,871,268||61.31%|
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