Blackstone Group LP (BX) : Canal Capital Management scooped up 914 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 8, 2016. The investment management firm now holds a total of 18,945 shares of Blackstone Group LP which is valued at $528,566.Blackstone Group LP makes up approximately 0.54% of Canal Capital Management’s portfolio.
Other Hedge Funds, Including , Blair William Coil reduced its stake in BX by selling 7,770 shares or 8.7% in the most recent quarter. The Hedge Fund company now holds 81,535 shares of BX which is valued at $2,274,827. Blackstone Group LP makes up approx 0.02% of Blair William Coil’s portfolio. Advent Capital Management De sold out all of its stake in BX during the most recent quarter. The investment firm sold 136,500 shares of BX which is valued $3,711,435. Hallmark Capital Management Inc added BX to its portfolio by purchasing 19,515 company shares during the most recent quarter which is valued at $530,613. Blackstone Group LP makes up approx 0.08% of Hallmark Capital Management Inc’s portfolio.Whittier Trust Co boosted its stake in BX in the latest quarter, The investment management firm added 2,811 additional shares and now holds a total of 9,742 shares of Blackstone Group LP which is valued at $261,475. Blackstone Group LP makes up approx 0.01% of Whittier Trust Co’s portfolio. Hl Financial Services added BX to its portfolio by purchasing 27,212 company shares during the most recent quarter which is valued at $748,330. Blackstone Group LP makes up approx 0.02% of Hl Financial Services’s portfolio.
Blackstone Group LP opened for trading at $27.62 and hit $28.07 on the upside on Monday, eventually ending the session at $27.94, with a gain of 1.23% or 0.34 points. The heightened volatility saw the trading volume jump to 20,26,576 shares. Company has a market cap of $33,322 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.