Toscafund Asset Management Llp Has Cut Its Position in Blackstone Group LP (BX) by $16.92 Million

May 18, 2018 - By Henry Gaston

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 is negative, 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. 842,077 are held by Bnp Paribas Asset Management Hldgs Sa. Ls Invest Advsr Limited Liability Company owns 600 shares. Axa reported 196,792 shares or 0.02% of all its holdings. Cutler Cap Mgmt Ltd Limited Liability Company holds 0.34% or 27,000 shares. Wade G W holds 0.11% of its portfolio in The Blackstone Group L.P. (NYSE:BX) for 30,638 shares. Bluefin Trading Limited Liability Co holds 32,942 shares or 0.06% of its portfolio. Delta Asset Management Tn invested in 429 shares. Live Your Vision Ltd Limited Liability Company has invested 0.01% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Hgk Asset has 16,590 shares for 0.07% of their portfolio. Fmr Limited Liability Corp holds 0.13% or 35.33 million shares. First Republic Investment Mgmt has 218,947 shares. First Midwest Financial Bank Trust Division has 26,344 shares for 0.11% of their portfolio. 20,000 were reported by Paw Capital Corporation. Zwj Investment Counsel Inc holds 0.02% of its portfolio in The Blackstone Group L.P. (NYSE:BX) for 7,390 shares. Parallax Volatility Advisers LP invested in 3.03M shares or 0.13% of the stock.

Since December 13, 2017, it had 0 insider buys, and 5 sales for $18.59 million activity. 219,327 shares were sold by HILL J TOMILSON, worth $7.54 million.

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 $37.44 billion market cap company. The stock increased 0.51% or $0.16 during the last trading session, reaching $31.45. About 2.08M 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: Streetinsider.com which released: “Blackstone to sell remaining stake in Hilton” on May 18, 2018, also Seekingalpha.com published article titled: “Gramercy: Higher Bid Coming?”, Seekingalpha.com published: “What A Good Deal Looks Like” on May 11, 2018. More interesting news about The Blackstone Group L.P. (NYSE:BX) was released by: Bizjournals.com and their article: “Former execs of Houston health care co. sued in alleged $300M scheme” with publication date: May 17, 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. The stock of The Blackstone Group L.P. (NYSE:BX) earned “Hold” rating by J.P. Morgan on Tuesday, February 6. The rating was maintained by Keefe Bruyette & Woods on Thursday, February 1 with “Buy”. The firm has “Neutral” rating by JP Morgan given on Tuesday, February 6. The rating was maintained by Keefe Bruyette & Woods on Wednesday, January 10 with “Buy”. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, April 11. The stock has “Buy” rating by Oppenheimer on Sunday, April 15. The rating was upgraded by J.P. Morgan to “Buy” on Friday, January 12. The company was maintained on Monday, April 23 by Morgan Stanley. The firm has “Overweight” rating by JP Morgan given on Friday, January 12.

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

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