Blackstone Group LP (BX) : Ancora Inverness scooped up 14,654 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 2, 2016. The investment management firm now holds a total of 75,846 shares of Blackstone Group LP which is valued at $2,022,054.Blackstone Group LP makes up approximately 0.75% of Ancora Inverness’s portfolio.
Other Hedge Funds, Including , Bourgeon Capital Management reduced its stake in BX by selling 4,600 shares or 4.34% in the most recent quarter. The Hedge Fund company now holds 101,375 shares of BX which is valued at $2,702,658. Blackstone Group LP makes up approx 1.67% of Bourgeon Capital Management’s portfolio.Evercore Wealth Management boosted its stake in BX in the latest quarter, The investment management firm added 5,273 additional shares and now holds a total of 1,513,562 shares of Blackstone Group LP which is valued at $40,351,563. Blackstone Group LP makes up approx 1.74% of Evercore Wealth Management’s portfolio.Berkshire Asset Managementpa reduced its stake in BX by selling 14,323 shares or 25.22% in the most recent quarter. The Hedge Fund company now holds 42,458 shares of BX which is valued at $1,097,115. Blackstone Group LP makes up approx 0.16% of Berkshire Asset Managementpa’s portfolio.Cribstone Capital Management reduced its stake in BX by selling 41,706 shares or 96.6% in the most recent quarter. The Hedge Fund company now holds 1,466 shares of BX which is valued at $37,881. Blackstone Group LP makes up approx 0.02% of Cribstone Capital Management’s portfolio.
Blackstone Group LP opened for trading at $27.46 and hit $27.675 on the upside on Monday, eventually ending the session at $27.63, with a gain of 1.62% or 0.44 points. The heightened volatility saw the trading volume jump to 36,95,301 shares. Company has a market cap of $32,952 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.