Blackstone Group LP (BX) : Riverpark Capital Management scooped up 447,542 additional shares in Blackstone Group LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 800,612 shares of Blackstone Group LP which is valued at $19,374,810.Blackstone Group LP makes up approximately 4.64% of Riverpark Capital Management’s portfolio.
Other Hedge Funds, Including , Aureus Asset Management boosted its stake in BX in the latest quarter, The investment management firm added 20,736 additional shares and now holds a total of 432,061 shares of Blackstone Group LP which is valued at $10,918,181. Blackstone Group LP makes up approx 2.23% of Aureus Asset Management’s portfolio.Eulav Asset Management reduced its stake in BX by selling 13,000 shares or 4.71% in the most recent quarter. The Hedge Fund company now holds 263,000 shares of BX which is valued at $6,451,390. Blackstone Group LP makes up approx 0.35% of Eulav Asset Management’s portfolio.Spot Trading L.l.c boosted its stake in BX in the latest quarter, The investment management firm added 31,659 additional shares and now holds a total of 85,542 shares of Blackstone Group LP which is valued at $2,131,707. Blackstone Group LP makes up approx 0.36% of Spot Trading L.l.c’s portfolio. Ausdal Financial Partners sold out all of its stake in BX during the most recent quarter. The investment firm sold 8,485 shares of BX which is valued $212,464.
Blackstone Group LP opened for trading at $26 and hit $26.61 on the upside on Monday, eventually ending the session at $26.6, with a gain of 2.70% or 0.7 points. The heightened volatility saw the trading volume jump to 50,52,365 shares. Company has a market cap of $31,823 M.
On the company’s financial health, Blackstone Group LP reported $0.57 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.48. The company had revenue of $1394.90 million for the quarter, compared to analysts expectations of $1168.84 million. The company’s revenue was down -4432.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.35 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.