Carl Icahn

Activist investor, Carl Icahn, has acquired an additional stake in Federal-Mogul Corporation (NASDAQ:FDML), a subsidiary of Icahn Enterprises L.P., in a series of three transactions beginning, July 26th to 30th, according to the company’s SEC Form 4 filing.

The biggest buyout came on July 26, when Icahn acquired 30,00o Federal-Mogul Corp. shares, at a price of $9.0468 per share, for a total worth $76,415,255. The following day, July 27, Icahn acquired an additional 1,800 shares at a price of $9.1558 per shares, to bring his total acquisition in a two days to 31,800 shares, worth $76,417,055.

Yesterday, Icahn wrapped up his additional stake in Federal-Mogul Corp. when he acquired yet another 100 shares at a price of $9.255 per shares, to bring a total 31,900 shares or $76,417,155, based on the various purchase prices.

Federal-Mogul Corporation (NASDAQ:FDML)  on July 26, announced a net loss of $59 million, as compared to the previous quarter year on year results of $64 million in net profits. The net loss included an impairment charge of $119 million. Additionally, the auto parts company’s sales were only up 1% to $1.7, billion owing to the decline in sales to the euro zone, which has been experiencing economic difficulties, notes Market Watch.

Elsewhere, Reuters notes, that the Southfield, Michigan based company has expanded its product information, related data, which is available through the Web Catalog, to include images, product specifications, buyer’s guide information, and more – through each part lookup.

FDML has a market cap of $933.65 million as compared to its competitors,  Dana Holding Corporation (NYSE:DAN) and GKN plc (LON:GKN) (PINK:GKNLY), which have market a capitalization of $1.96 billion and $5.25 billion respectively. FDML’s is nearly entirely held by institutions, with 96.90% of its shares falling under this group of investors, while only o.o6% is held by insiders.

The company has 98.90 million shares outstanding, with 22.46 million or 22.7% of those floated. FDML stock price has tanked nearly 47% in relation to the highest stock price realized over the last 12 months, as compared to S&P 500’s rally of 10.47% in the same period.