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Icahn Capital said in a regulatory filing that it owns 9.59
percent of the Houston-based company, having raised its stake
from 8.2 percent in August. The filing, made with the Securities
and Exchange Commission, shows that Icahn now owns 22.7 million
shares, up from 19.4 million shares in August.
Icahn paid between $53.60 a share and $54.75 a share for the
additional shares, the filing shows.
Cheniere's share price, which has dropped nearly 21 percent in
the last month, ended regular trading at $54.14 on Monday. The
stock price rose 2.43 percent in after-hours trading after news
that Icahn had increased his stake.
Icahn, one of the industry's most closely watched activist
investors, has long made big bets on companies and often pushes
management to perform better.
Last month, only weeks after Icahn disclosed his stake and said
he wanted to talk to management, Cheniere appointed Jonathan
Christodoro and Samuel Merksamer, both directors at Icahn
Enterprises, to its board.
Icahn was not immediately available to comment on Monday about
why he raised his stake.
Hedge funds Baupost Group, Viking Global Investors, PointState
Capital, Lone Pine Capital and D.E. Shaw also rank among
Cheniere's top 10 investors.
But the company also has detractors, with famed short-seller Jim
Chanos announcing on CNBC television last week that he is
betting the company's share price will fall.
Chanos said that demand for liquefied natural gas is no longer
growing and that the LNG space is a "looming disaster"
(Editing by Jonathan Oatis and Steve Orlofsky)
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