Blackstone Group LP (BX) : Fairview Capital Investment Management added new position in Blackstone Group LP during the most recent quarter end. The investment management firm now holds 2,000,000 shares of Blackstone Group LP which is valued at $50,540,000 , the company said in a statement filed on Nov 14, 2016 with the SEC.Blackstone Group LP makes up approximately 3.90% of Fairview Capital Investment Management’s portfolio.
Other Hedge Funds, Including , Select Equity Group reduced its stake in BX by selling 69,510 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 7,288,304 shares of BX which is valued at $184,175,442. Blackstone Group LP makes up approx 1.58% of Select Equity Group’s portfolio.Alpine Woods Capital Investors boosted its stake in BX in the latest quarter, The investment management firm added 368,000 additional shares and now holds a total of 378,000 shares of Blackstone Group LP which is valued at $8,954,820. Blackstone Group LP makes up approx 0.52% of Alpine Woods Capital Investors’s portfolio.Tci Wealth Advisors boosted its stake in BX in the latest quarter, The investment management firm added 66 additional shares and now holds a total of 5,140 shares of Blackstone Group LP which is valued at $125,210. Blackstone Group LP makes up approx 0.07% of Tci Wealth Advisors’s portfolio.Dearborn Partners reduced its stake in BX by selling 3,341 shares or 22.84% in the most recent quarter. The Hedge Fund company now holds 11,287 shares of BX which is valued at $279,805. Blackstone Group LP makes up approx 0.02% of Dearborn Partners’s portfolio.
Blackstone Group LP opened for trading at $26 and hit $26.61 on the upside on Monday, eventually ending the session at $26.6, with a gain of 2.70% or 0.7 points. The heightened volatility saw the trading volume jump to 50,52,365 shares. Company has a market cap of $31,823 M.
On the company’s financial health, Blackstone Group LP reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.48. The company had revenue of $1394.90 million for the quarter, compared to analysts expectations of $1168.84 million. The company’s revenue was down -4432.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.35 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.