Blackstone Group LP (BX) : North Star Investment Management Corp. scooped up 4,390 additional shares in Blackstone Group LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 149,302 shares of Blackstone Group LP which is valued at $3,628,039.Blackstone Group LP makes up approximately 0.66% of North Star Investment Management Corp.’s portfolio.
Other Hedge Funds, Including , Fox Run Management L.l.c. reduced its stake in BX by selling 4,600 shares or 25.56% in the most recent quarter. The Hedge Fund company now holds 13,400 shares of BX which is valued at $325,620. Blackstone Group LP makes up approx 0.20% of Fox Run Management L.l.c.’s portfolio.Naples Global Advisors reduced its stake in BX by selling 15,675 shares or 40.89% in the most recent quarter. The Hedge Fund company now holds 22,658 shares of BX which is valued at $558,746. Blackstone Group LP makes up approx 0.22% of Naples Global Advisors’s portfolio.Carroll Financial Associates boosted its stake in BX in the latest quarter, The investment management firm added 2,264 additional shares and now holds a total of 8,494 shares of Blackstone Group LP which is valued at $209,462. Blackstone Group LP makes up approx 0.03% of Carroll Financial Associates’s portfolio.Burns J W Co Incny reduced its stake in BX by selling 800 shares or 8.44% in the most recent quarter. The Hedge Fund company now holds 8,675 shares of BX which is valued at $218,090. Blackstone Group LP makes up approx 0.07% of Burns J W Co Incny’s portfolio.
Blackstone Group LP closed down -0.36 points or -1.46% at $24.3 with 41,47,288 shares getting traded on Tuesday. Post opening the session at $24.62, the shares hit an intraday low of $24.02 and an intraday high of $24.65 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.