Sadoff Investment Management buys $7,720,324 stake in Blackstone Group LP (BX)

Blackstone Group LP (BX) : Sadoff Investment Management scooped up 3,547 additional shares in Blackstone Group LP during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 312,817 shares of Blackstone Group LP which is valued at $7,720,324.Blackstone Group LP makes up approximately 0.86% of Sadoff Investment Management’s portfolio.

Other Hedge Funds, Including , Randolph Co Inc added BX to its portfolio by purchasing 251,100 company shares during the most recent quarter which is valued at $6,197,148. Blackstone Group LP makes up approx 1.58% of Randolph Co Inc’s portfolio.Burns J W Co Incny reduced its stake in BX by selling 800 shares or 8.44% in the most recent quarter. The Hedge Fund company now holds 8,675 shares of BX which is valued at $218,090. Blackstone Group LP makes up approx 0.07% of Burns J W Co Incny’s portfolio.New England Research Management boosted its stake in BX in the latest quarter, The investment management firm added 800 additional shares and now holds a total of 9,050 shares of Blackstone Group LP which is valued at $227,517. Blackstone Group LP makes up approx 0.19% of New England Research Management’s portfolio.Independent Portfolio Consultants boosted its stake in BX in the latest quarter, The investment management firm added 735 additional shares and now holds a total of 5,155 shares of Blackstone Group LP which is valued at $129,597. Blackstone Group LP makes up approx 0.04% of Independent Portfolio Consultants’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in BX by selling 705,191 shares or 86.74% in the most recent quarter. The Hedge Fund company now holds 107,835 shares of BX which is valued at $2,710,972. Blackstone Group LP makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

Blackstone Group LP closed down -0.11 points or -0.44% at $24.68 with 25,48,742 shares getting traded on Friday. Post opening the session at $24.79, the shares hit an intraday low of $24.455 and an intraday high of $24.79 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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