Hmi Capital buys $41,676,000 stake in Blackstone Group LP (BX)

Blackstone Group LP (BX) : Hmi Capital scooped up 965,000 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 12, 2016. The investment management firm now holds a total of 1,510,000 shares of Blackstone Group LP which is valued at $41,676,000.Blackstone Group LP makes up approximately 7.10% of Hmi Capital’s portfolio.

Other Hedge Funds, Including , Parametric Portfolio Associates reduced its stake in BX by selling 294,286 shares or 38.61% in the most recent quarter. The Hedge Fund company now holds 467,880 shares of BX which is valued at $12,913,488. Blackstone Group LP makes up approx 0.02% of Parametric Portfolio Associates’s portfolio.Westbourne Investment Advisors boosted its stake in BX in the latest quarter, The investment management firm added 400 additional shares and now holds a total of 9,130 shares of Blackstone Group LP which is valued at $251,988. Blackstone Group LP makes up approx 0.22% of Westbourne Investment Advisors’s portfolio. Tower Research Capital (trc) added BX to its portfolio by purchasing 700 company shares during the most recent quarter which is valued at $19,320.Bb&t Securities boosted its stake in BX in the latest quarter, The investment management firm added 1,392 additional shares and now holds a total of 81,416 shares of Blackstone Group LP which is valued at $2,213,701. Blackstone Group LP makes up approx 0.03% of Bb&t Securities’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 $27.5 and hit $27.81 on the upside on Monday, eventually ending the session at $27.6, with a gain of 0.58% or 0.16 points. The heightened volatility saw the trading volume jump to 25,09,763 shares. Company has a market cap of $32,917 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.

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