Welch Capital Partnersny Lowers stake in Blackstone Group LP (BX)

Blackstone Group LP (BX) : Welch Capital Partnersny reduced its stake in Blackstone Group LP by 5.42% during the most recent quarter end. The investment management company now holds a total of 437,321 shares of Blackstone Group LP which is valued at $12,201,256 after selling 25,058 shares in Blackstone Group LP , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Blackstone Group LP makes up approximately 4.16% of Welch Capital Partnersny’s portfolio.

Other Hedge Funds, Including , Rpg Investment Advisory boosted its stake in BX in the latest quarter, The investment management firm added 35,883 additional shares and now holds a total of 226,210 shares of Blackstone Group LP which is valued at $6,311,259. Blackstone Group LP makes up approx 1.60% of Rpg Investment Advisory’s portfolio.Finemark National Bank Trust boosted its stake in BX in the latest quarter, The investment management firm added 7,762 additional shares and now holds a total of 20,519 shares of Blackstone Group LP which is valued at $572,480. Blackstone Group LP makes up approx 0.06% of Finemark National Bank Trust’s portfolio.Cambridge Investment Research Advisors reduced its stake in BX by selling 7,993 shares or 6.64% in the most recent quarter. The Hedge Fund company now holds 112,472 shares of BX which is valued at $3,058,114. Blackstone Group LP makes up approx 0.06% of Cambridge Investment Research Advisors’s portfolio.Cibc World Markets boosted its stake in BX in the latest quarter, The investment management firm added 3,512 additional shares and now holds a total of 83,169 shares of Blackstone Group LP which is valued at $2,280,494. Blackstone Group LP makes up approx 0.01% of Cibc World Markets’s portfolio.Sonora Investment Management reduced its stake in BX by selling 432 shares or 1.89% in the most recent quarter. The Hedge Fund company now holds 22,395 shares of BX which is valued at $562,786. Blackstone Group LP makes up approx 0.31% of Sonora Investment Management’s portfolio.

Blackstone Group LP opened for trading at $27.8 and hit $28.095 on the upside on Wednesday, eventually ending the session at $27.89, with a gain of 0.07% or 0.02 points. The heightened volatility saw the trading volume jump to 22,35,508 shares. Company has a market cap of $33,262 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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