Blackstone Group LP (BX) : Elmrox Investment Group Im has sold out all of its stake in Blackstone Group LP during the most recent quarter, according to the disclosure filed by the company on May 11, 2016 with the SEC. The investment management company has sold out 46,908 shares of Blackstone Group LP which is valued at $1.2 Million.
Other Hedge Funds, Including , Bourgeon Capital Management reduced its stake in BX by selling 7,250 shares or 6.4% in the most recent quarter. The Hedge Fund company now holds 105,975 shares of BX which is valued at $2.7 Million. Blackstone Group LP makes up approx 1.84% of Bourgeon Capital Management’s portfolio.Bronfman E.l. Rothschild boosted its stake in BX in the latest quarter, The investment management firm added 166 additional shares and now holds a total of 8,049 shares of Blackstone Group LP which is valued at $214,747. Blackstone Group LP makes up approx 0.04% of Bronfman E.l. Rothschild’s portfolio. America First Investment Advisors added BX to its portfolio by purchasing 200 company shares during the most recent quarter which is valued at $5,336.Cribstone Capital Management boosted its stake in BX in the latest quarter, The investment management firm added 5,683 additional shares and now holds a total of 43,172 shares of Blackstone Group LP which is valued at $1.2 Million. Blackstone Group LP makes up approx 0.93% of Cribstone Capital Management’s portfolio.Compton Capital Management Inc Ri boosted its stake in BX in the latest quarter, The investment management firm added 1,925 additional shares and now holds a total of 78,675 shares of Blackstone Group LP which is valued at $2.1 Million. Blackstone Group LP makes up approx 1.20% of Compton Capital Management Inc Ri’s portfolio.
Blackstone Group LP opened for trading at $25.81 and hit $26.19 on the upside on Monday, eventually ending the session at $25.93, with a gain of 0.50% or 0.13 points. The heightened volatility saw the trading volume jump to 37,86,914 shares. Company has a market cap of $30,919 M.
On the company’s financial health, Blackstone Group LP reported $0.31 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Apr 21, 2016. Analyst had a consensus of $0.39. The company had revenue of $929.40 million for the quarter, compared to analysts expectations of $985.61 million. The company’s revenue was down -63.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.37 EPS.
Many Wall Street Analysts have commented on Blackstone Group LP. Shares were Downgraded by Deutsche Bank on Mar 11, 2016 to ” Hold” and Lowered the Price Target to $ 28 from a previous price target of $30 .
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.