As Blackstone Group LP (BX) Stock Declined, Toscafund Asset Management Llp Cut Its Holding

May 18, 2018 - By James Hentges

The Blackstone Group L.P. (NYSE:BX) LogoInvestors sentiment decreased to 1 in Q4 2017. Its down 0.24, from 1.24 in 2017Q3. It dived, as 59 investors sold BX shares while 154 reduced holdings. 49 funds opened positions while 165 raised stakes. 298.48 million shares or 9.36% more from 272.94 million shares in 2017Q3 were reported. Adell Harriman & Carpenter holds 1.7% of its portfolio in The Blackstone Group L.P. (NYSE:BX) for 250,457 shares. Us National Bank & Trust De reported 39,825 shares. Benjamin F Edwards owns 1,795 shares for 0.01% of their portfolio. Parametric Portfolio Associates Ltd Liability Com invested 0.01% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Guggenheim Limited Liability Co holds 0% or 34,785 shares. First Allied Advisory Ser holds 0.14% or 111,836 shares in its portfolio. 683 Mgmt Limited Liability invested in 0.46% or 170,000 shares. Sadoff Invest Ltd Liability invested in 323,900 shares or 0.85% of the stock. 177,611 were accumulated by Cambridge Invest Research Advsrs. Peak6 Investments LP holds 394,078 shares or 0.06% of its portfolio. Lazard Asset Management Limited Liability reported 6,000 shares stake. Amp Invsts Ltd holds 45,300 shares. Hudock Capital Group Inc Limited Liability Com reported 1,623 shares or 0.02% of all its holdings. Crow Point Prtn Lc stated it has 0% of its portfolio in The Blackstone Group L.P. (NYSE:BX). 228,026 were reported by Blair William & Il.

Since December 13, 2017, it had 0 insider buys, and 5 selling transactions for $18.59 million activity. 227,636 shares valued at $7.86M were sold by HILL J TOMILSON on Friday, February 16.

Martin Hughes decreased its stake in Blackstone Group Lp (BX) by 63.09% based on its latest 2017Q4 regulatory filing with the SEC. Toscafund Asset Management Llp sold 470,000 shares as the company’s stock declined 3.02% with the market. The hedge fund run by Martin Hughes held 275,000 shares of the investment managers company at the end of 2017Q4, valued at $10.05M, down from 745,000 at the end of the previous reported quarter. Toscafund Asset Management Llp who had been investing in Blackstone Group Lp for a number of months, seems to be less bullish one the $37.44B market cap company. The stock increased 0.51% or $0.16 during the last trading session, reaching $31.45. About 2.08 million shares traded. The Blackstone Group L.P. (NYSE:BX) has risen 7.37% since May 18, 2017 and is uptrending. It has underperformed by 4.18% the S&P500.

Analysts await The Blackstone Group L.P. (NYSE:BX) to report earnings on July, 19. They expect $0.70 earnings per share, up 18.64 % or $0.11 from last year’s $0.59 per share. BX’s profit will be $833.37M for 11.23 P/E if the $0.70 EPS becomes a reality. After $0.65 actual earnings per share reported by The Blackstone Group L.P. for the previous quarter, Wall Street now forecasts 7.69 % EPS growth.

More important recent The Blackstone Group L.P. (NYSE:BX) news were published by: Seekingalpha.com which released: “Gramercy: Higher Bid Coming?” on May 14, 2018, also Streetinsider.com published article titled: “Blackstone to sell remaining stake in Hilton”, Bizjournals.com published: “Former execs of Houston health care co. sued in alleged $300M scheme” on May 17, 2018. More interesting news about The Blackstone Group L.P. (NYSE:BX) was released by: Seekingalpha.com and their article: “What A Good Deal Looks Like” with publication date: May 11, 2018.

The Blackstone Group L.P. (NYSE:BX) Ratings Coverage

Among 5 analysts covering Blackstone Group (NYSE:BX), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Blackstone Group had 10 analyst reports since January 10, 2018 according to SRatingsIntel. Morgan Stanley maintained the stock with “Overweight” rating in Monday, April 23 report. The stock of The Blackstone Group L.P. (NYSE:BX) has “Overweight” rating given on Friday, January 12 by JP Morgan. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, April 11. The firm has “Hold” rating given on Tuesday, February 6 by J.P. Morgan. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, January 10. As per Thursday, February 1, the company rating was maintained by Keefe Bruyette & Woods. The company was upgraded on Friday, January 12 by J.P. Morgan. On Sunday, April 15 the stock rating was maintained by Oppenheimer with “Buy”. JP Morgan downgraded the shares of BX in report on Tuesday, February 6 to “Neutral” rating.

The Blackstone Group L.P. (NYSE:BX) Ratings Chart

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