Alliance Trust Plc Lowers stake in Blackstone Group LP (BX)

Blackstone Group LP (BX) : Alliance Trust Plc reduced its stake in Blackstone Group LP by 3.46% during the most recent quarter end. The investment management company now holds a total of 3,389,000 shares of Blackstone Group LP which is valued at $92,926,380 after selling 121,600 shares in Blackstone Group LP , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Blackstone Group LP makes up approximately 4.19% of Alliance Trust Plc’s portfolio.

Other Hedge Funds, Including , Millie Capital Management reduced its stake in BX by selling 1,000 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 49,117 shares of BX which is valued at $1,346,788. Blackstone Group LP makes up approx 1.39% of Millie Capital Management’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.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. Iowa State Bank added BX to its portfolio by purchasing 300 company shares during the most recent quarter which is valued at $7,200.

Blackstone Group LP opened for trading at $25.3 and hit $26.03 on the upside on Wednesday, eventually ending the session at $25.84, with a gain of 2.13% or 0.54 points. The heightened volatility saw the trading volume jump to 53,04,823 shares. Company has a market cap of $30,812 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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