Blackstone Group LP (BX) : Girard Securities reduced its stake in Blackstone Group LP by 5.19% during the most recent quarter end. The investment management company now holds a total of 40,265 shares of Blackstone Group LP which is valued at $1,111,314 after selling 2,206 shares in Blackstone Group LP , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Blackstone Group LP makes up approximately 0.98% of Girard Securities’s portfolio.
Other Hedge Funds, Including , Citadel Advisors boosted its stake in BX in the latest quarter, The investment management firm added 26,480 additional shares and now holds a total of 70,051 shares of Blackstone Group LP which is valued at $1,933,408.Timber Hill boosted its stake in BX in the latest quarter, The investment management firm added 97,928 additional shares and now holds a total of 119,906 shares of Blackstone Group LP which is valued at $3,260,244. Blackstone Group LP makes up approx 0.26% of Timber Hill’s portfolio.Btc Capital Management reduced its stake in BX by selling 133,273 shares or 65.25% in the most recent quarter. The Hedge Fund company now holds 70,983 shares of BX which is valued at $1,892,407. Blackstone Group LP makes up approx 0.40% of Btc Capital Management’s portfolio.Millie Capital Management reduced its stake in BX by selling 1,000 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 49,117 shares of BX which is valued at $1,346,788. Blackstone Group LP makes up approx 1.39% of Millie Capital Management’s portfolio.
Blackstone Group LP closed down -0.08 points or -0.30% at $26.62 with 2,542,341 shares getting traded on Wednesday. Post opening the session at $26.76, the shares hit an intraday low of $26.39 and an intraday high of $26.8 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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.