Riverpark Advisors Lowers stake in Blackstone Group LP (BX)

Blackstone Group LP (BX) : Riverpark Advisors reduced its stake in Blackstone Group LP by 1.06% during the most recent quarter end. The investment management company now holds a total of 393,929 shares of Blackstone Group LP which is valued at $10,502,147 after selling 4,225 shares in Blackstone Group LP , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Blackstone Group LP makes up approximately 4.83% of Riverpark Advisors’s portfolio.

Other Hedge Funds, Including , Hudock Capital Group reduced its stake in BX by selling 1,630 shares or 25.71% in the most recent quarter. The Hedge Fund company now holds 4,711 shares of BX which is valued at $125,595. Blackstone Group LP makes up approx 0.07% of Hudock Capital Group’s portfolio.Tealwood Asset Management Inc boosted its stake in BX in the latest quarter, The investment management firm added 8,100 additional shares and now holds a total of 114,475 shares of Blackstone Group LP which is valued at $3,072,509. Blackstone Group LP makes up approx 1.32% of Tealwood Asset Management Inc’s portfolio.Seabridge Investment Advisors reduced its stake in BX by selling 48,305 shares or 99.23% in the most recent quarter. The Hedge Fund company now holds 375 shares of BX which is valued at $10,283.F&v Capital Management boosted its stake in BX in the latest quarter, The investment management firm added 230 additional shares and now holds a total of 10,975 shares of Blackstone Group LP which is valued at $263,400. Blackstone Group LP makes up approx 0.19% of F&v Capital Management’s portfolio.Raymond James Trust N.a. reduced its stake in BX by selling 712 shares or 3.61% in the most recent quarter. The Hedge Fund company now holds 19,027 shares of BX which is valued at $456,648. Blackstone Group LP makes up approx 0.04% of Raymond James Trust N.a.’s portfolio.

Blackstone Group LP closed down -0.03 points or -0.11% at $26.63 with 39,29,709 shares getting traded on Thursday. Post opening the session at $26.69, the shares hit an intraday low of $26.38 and an intraday high of $26.86 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Blackstone Group LP reported $0.44 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $0.39. The company had revenue of $1192.48 million for the quarter, compared to analysts expectations of $1017.58 million. The company’s revenue was down -2.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.

The Blackstone Group L.P. is a global alternative asset manager. The Company’s alternative asset management businesses include investment vehicles focused on private equity real estate hedge fund solutions non-investment grade credit secondary funds and multi-asset class exposures falling outside of other funds’ mandates. The Company’s segments include Private Equity Real Estate Hedge Fund Solutions and Credit. The Company’s Private Equity segment focuses on identifying managing and creating lasting value for its investors. The Company manages a number of global European and Asian focused opportunistic real estate funds several real estate debt investment funds a real estate investment trust (BXMT). The Company’s Hedge Fund Solutions group consists of Blackstone Alternative Asset Management (BAAM). Its credit business consists of GSO Capital Partners LP (GSO). It is a participant in the leveraged finance markets.

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