Toscafund Asset Management Llp Upped Its Blackstone Group LP (BX) Holding by $3.14 Million

February 14, 2018 - By Adrian Erickson

Investors sentiment decreased to 1.24 in 2017 Q3. Its down 0.40, from 1.64 in 2017Q2. It turned negative, as 29 investors sold BX shares while 155 reduced holdings. 52 funds opened positions while 177 raised stakes. 272.94 million shares or 3.67% less from 283.35 million shares in 2017Q2 were reported. Alethea Management Limited Liability Com accumulated 17,919 shares or 0.7% of the stock. Moors And Cabot holds 0.56% of its portfolio in The Blackstone Group L.P. (NYSE:BX) for 116,689 shares. Moreover, Oakworth Cap has 0.01% invested in The Blackstone Group L.P. (NYSE:BX) for 749 shares. Adell Harriman & Carpenter owns 224,777 shares. Marvin Palmer Associate Inc accumulated 105,939 shares. Hollencrest Limited Liability Co reported 52,289 shares. King Wealth Gp Inc Llc owns 19,479 shares or 0.24% of their US portfolio. Sol Capital owns 83,525 shares. Sigma Planning Corporation stated it has 0.06% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Hallmark accumulated 16,325 shares. Gofen & Glossberg Ltd Com Il holds 8,450 shares. Jrm Investment Counsel Limited Company has invested 4.56% in The Blackstone Group L.P. (NYSE:BX). Shamrock Asset Management Limited Liability Company accumulated 1,360 shares. Account Mngmt Lc stated it has 235,830 shares. Sandy Spring Financial Bank has 14,600 shares for 0.05% of their portfolio.

Since December 13, 2017, it had 0 buys, and 1 sale for $632,896 activity.

Martin Hughes increased its stake in Blackstone Group Lp (BX) by 14.62% based on its latest 2017Q3 regulatory filing with the SEC. Toscafund Asset Management Llp bought 95,000 shares as the company’s stock declined 1.16% while stock markets rallied. The hedge fund run by Martin Hughes held 745,000 shares of the investment managers company at the end of 2017Q3, valued at $24.86M, up from 650,000 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 bullish on the $39.85 billion market cap company. The stock increased 0.06% or $0.02 during the last trading session, reaching $33.57. About 2.48 million shares traded. The Blackstone Group L.P. (NYSE:BX) has risen 20.49% since February 14, 2017 and is uptrending. It has outperformed by 3.79% the S&P500.

More notable recent The Blackstone Group L.P. (NYSE:BX) news were published by: Seekingalpha.com which released: “Can Blackstone Take On Bloomberg?” on February 06, 2018, also Bloomberg.com with their article: “Blackstone Weighs Bidding for Assets It Sold to Anbang” published on February 12, 2018, Reuters.com published: “Reuters News to get $325 million annually under Blackstone offer: sources” on January 30, 2018. More interesting news about The Blackstone Group L.P. (NYSE:BX) were released by: Seekingalpha.com and their article: “The Future Of Blackstone Group” published on February 13, 2018 as well as Bloomberg.com‘s news article titled: “Blackstone, Cerberus Are Among Bidders for Spain’s Cirsa” with publication date: February 08, 2018.

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

Among 19 analysts covering The Blackstone Group L.P. (NYSE:BX), 15 have Buy rating, 0 Sell and 4 Hold. Therefore 79% are positive. The Blackstone Group L.P. had 62 analyst reports since August 9, 2015 according to SRatingsIntel. Oppenheimer maintained it with “Outperform” rating and $38 target in Friday, July 14 report. On Monday, May 22 the stock rating was upgraded by Citigroup to “Buy”. Jefferies maintained The Blackstone Group L.P. (NYSE:BX) on Friday, April 28 with “Buy” rating. The stock has “Outperform” rating by Morgan Stanley on Tuesday, July 25. The firm has “Buy” rating by Bank of America given on Friday, October 20. The stock of The Blackstone Group L.P. (NYSE:BX) has “Overweight” rating given on Monday, October 23 by Morgan Stanley. The firm has “Hold” rating by Deutsche Bank given on Friday, March 11. The firm has “Buy” rating given on Friday, January 8 by Deutsche Bank. Jefferies maintained the stock with “Buy” rating in Wednesday, June 28 report. The rating was upgraded by Oppenheimer to “Outperform” on Friday, October 16.

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