Birinyi Associates Inc buys $2,532,990 stake in Blackstone Group LP (BX)

Blackstone Group LP (BX) : Birinyi Associates Inc scooped up 13,400 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 10, 2016. The investment management firm now holds a total of 91,775 shares of Blackstone Group LP which is valued at $2,532,990.Blackstone Group LP makes up approximately 1.04% of Birinyi Associates Inc’s portfolio.

Other Hedge Funds, Including , Pinebridge Investments boosted its stake in BX in the latest quarter, The investment management firm added 14,760 additional shares and now holds a total of 60,680 shares of Blackstone Group LP which is valued at $1,674,768. Blackstone Group LP makes up approx 0.08% of Pinebridge Investments’s portfolio.Geneva Advisors reduced its stake in BX by selling 169,166 shares or 12.77% in the most recent quarter. The Hedge Fund company now holds 1,155,444 shares of BX which is valued at $32,236,888. Blackstone Group LP makes up approx 0.62% of Geneva Advisors’s portfolio. Thompson Siegel Walmsley added BX to its portfolio by purchasing 846 company shares during the most recent quarter which is valued at $23,003. Signalpoint Asset Management sold out all of its stake in BX during the most recent quarter. The investment firm sold 7,632 shares of BX which is valued $204,843. Ken Stern Associates sold out all of its stake in BX during the most recent quarter. The investment firm sold 13,700 shares of BX which is valued $375,654.

Blackstone Group LP closed down -0.13 points or -0.46% at $28.19 with 17,56,523 shares getting traded on Friday. Post opening the session at $28.22, the shares hit an intraday low of $28.06 and an intraday high of $28.36 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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