Gierl Augustine Investment Management Inc adds Blackstone Group LP (BX) to its portfolio

Blackstone Group LP (BX) : Gierl Augustine Investment Management Inc added new position in Blackstone Group LP during the most recent quarter end. The investment management firm now holds 51 shares of Blackstone Group LP which is valued at $1,208 , the company said in a statement filed on Oct 14, 2016 with the SEC.

Other Hedge Funds, Including , W.g. Shaheen Associates Dba Whitney Co boosted its stake in BX in the latest quarter, The investment management firm added 3,775 additional shares and now holds a total of 37,025 shares of Blackstone Group LP which is valued at $882,676. Blackstone Group LP makes up approx 0.36% of W.g. Shaheen Associates Dba Whitney Co’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. Contravisory Investment Management added BX to its portfolio by purchasing 61 company shares during the most recent quarter which is valued at $1,504.Cacti Asset Management boosted its stake in BX in the latest quarter, The investment management firm added 459,035 additional shares and now holds a total of 562,267 shares of Blackstone Group LP which is valued at $14,135,392. Blackstone Group LP makes up approx 1.44% of Cacti Asset Management’s portfolio.

Blackstone Group LP closed down -0.16 points or -0.67% at $23.68 with 39,11,888 shares getting traded on Friday. Post opening the session at $23.96, the shares hit an intraday low of $23.64 and an intraday high of $24.19 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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