: Carl Icahn offloads Cheniere, Herc


Activist investor Carl Icahn sold off his entire stakes in Cheniere Energy Inc. LNG, -1.45% and Herc Holdings Inc. HRI, -0.12% during the most recent quarter, according to a filing on Monday, while upping by 11.5% his position in the depositary units of holding company Icahn Enterprises IEP, -2.78%. The quarterly disclosures arrived after Icahn Enterprises, which offers exposure to Icahn’s investments, this month halved its quarterly dividend and posted a surprise quarterly loss — results that Icahn himself partially blamed on accusations made earlier in the year by short-seller Hindenburg Research. Hindenburg in May accused Icahn Enterprises of inflating asset values. Carl Icahn has called the allegations from Hindenburg “misleading and self-serving.” Shares of Icahn Enterprises were up 0.4% after hours on Monday.

This article was originally published by Marketwatch.com. Read the original article here.

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