True Private Wealth Advisors buys $281,450 stake in Blackstone Group LP (BX)

Blackstone Group LP (BX) : True Private Wealth Advisors scooped up 587 additional shares in Blackstone Group LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 10,557 shares of Blackstone Group LP which is valued at $281,450.Blackstone Group LP makes up approximately 0.09% of True Private Wealth Advisors’s portfolio.

Other Hedge Funds, Including , Riverpark Advisors reduced its stake in BX by selling 4,225 shares or 1.06% in the most recent quarter. The Hedge Fund company now holds 393,929 shares of BX which is valued at $10,502,147. Blackstone Group LP makes up approx 4.83% of Riverpark Advisors’s portfolio. America First Investment Advisors sold out all of its stake in BX during the most recent quarter. The investment firm sold 200 shares of BX which is valued $5,484. Ken Stern Associates sold out all of its stake in BX during the most recent quarter. The investment firm sold 13,700 shares of BX which is valued $375,654.Independent Portfolio Consultants reduced its stake in BX by selling 310 shares or 6.55% in the most recent quarter. The Hedge Fund company now holds 4,420 shares of BX which is valued at $111,075. Blackstone Group LP makes up approx 0.03% of Independent Portfolio Consultants’s portfolio.Grassi Investment Management boosted its stake in BX in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 171,625 shares of Blackstone Group LP which is valued at $4,256,300. Blackstone Group LP makes up approx 0.79% of Grassi Investment Management’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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