Chicago Partners Investment Group Lowers stake in Blackstone Group LP (BX)

Blackstone Group LP (BX) : Chicago Partners Investment Group reduced its stake in Blackstone Group LP by 3.83% during the most recent quarter end. The investment management company now holds a total of 46,276 shares of Blackstone Group LP which is valued at $1,291,100 after selling 1,843 shares in Blackstone Group LP , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Blackstone Group LP makes up approximately 0.60% of Chicago Partners Investment Group’s portfolio.

Other Hedge Funds, Including , Mufg Americas Holdings Corp reduced its stake in BX by selling 1,600 shares or 12.95% in the most recent quarter. The Hedge Fund company now holds 10,756 shares of BX which is valued at $300,092. Blackstone Group LP makes up approx 0.01% of Mufg Americas Holdings Corp’s portfolio.Timber Hill boosted its stake in BX in the latest quarter, The investment management firm added 97,928 additional shares and now holds a total of 119,906 shares of Blackstone Group LP which is valued at $3,260,244. Blackstone Group LP makes up approx 0.26% of Timber Hill’s portfolio. Strategic Advisors sold out all of its stake in BX during the most recent quarter. The investment firm sold 12,379 shares of BX which is valued $319,873.Walnut Private Equity Partners boosted its stake in BX in the latest quarter, The investment management firm added 6,819 additional shares and now holds a total of 586,819 shares of Blackstone Group LP which is valued at $14,553,111. Blackstone Group LP makes up approx 11.67% of Walnut Private Equity Partners’s portfolio.Factory Mutual Insurance Co reduced its stake in BX by selling 240,000 shares or 11.74% in the most recent quarter. The Hedge Fund company now holds 1,804,600 shares of BX which is valued at $44,754,080. Blackstone Group LP makes up approx 0.57% of Factory Mutual Insurance Co’s portfolio.

Blackstone Group LP opened for trading at $27.62 and hit $28.07 on the upside on Monday, eventually ending the session at $27.94, with a gain of 1.23% or 0.34 points. The heightened volatility saw the trading volume jump to 20,26,576 shares. Company has a market cap of $33,322 M.

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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