Blackstone Group LP (BX) Shares Sold by Hutchens Investment Management Inc

Lloyd Doyle
January 13, 2018

The hedge fund run by Gregg J. Powers held 270,536 shares of the investment managers company at the end of 2017Q3, valued at $9.03 million, down from 300,005 at the end of the previous reported quarter. The Volatility 12m of The Blackstone Group L.P. (NYSE:BX) is 23.526900. The stock traded with the average Volume of 3.77 Million at the end of last session. The moving average is also popular as it can be used as a center point to help investors and traders quickly identify selling and buying opportunities.

Blackstone Group (NYSE:BX) last posted its earnings results on Thursday, October 19th.

V3 Capital Management Lp decreased its stake in Spirit Rlty Cap Inc New (SRC) by 1.8% based on its latest 2017Q3 regulatory filing with the SEC. Following the transaction, the insider now owns 87,852 shares of the company's stock, valued at $2,811,264. The asset manager reported $0.69 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.55 by $0.14. The company has market cap of $40.99 billion. The stock decreased 0.12% or $0.09 during the last trading session, reaching $75.56. About 15.46 million shares traded. California Public Employees Retirement owns 1.17M shares for 0.06% of their portfolio. If the ratio is less than 1, then we can determine that there has been a decrease in price. Its down 0.40, from 1.64 in 2017Q2.

In other news, major shareholder Holdings L.P. Blackstone III sold 9,728,297 shares of the company's stock in a transaction dated Monday, November 21st. The original version of this article can be read at Scotia Capital maintained the shares of CF in report on Friday, February 10 with "Outperform" rating. During the same period in the prior year, the company earned $0.57 EPS. analysts expect that Blackstone Group will post 2.8 EPS for the current year. Gardner Lewis Asset Mgmt LP holds 0.2% or 92,555 shares in its portfolio. Entrustpermal Mgmt Ltd has 85,400 shares for 1.19% of their portfolio. Nine Masts Capital Ltd has 111,379 shares for 0.55% of their portfolio. Virginia-based Lowe Brockenbrough And Com has invested 0.04% in The Blackstone Group L.P. (NYSE:BX). Tocqueville Asset Management L P, a New York-based fund reported 14,350 shares. 10 reported 1.05% in The Blackstone Group L.P. (NYSE:BX). The Blackstone Group L.P. (NYSE:BX) has risen 20.49% since January 11, 2017 and is uptrending. Guggenheim Capital Lc owns 0.01% invested in Intrexon Corporation (NYSE:XON) for 188,300 shares. 22,563 were accumulated by Epoch Inv Partners Inc. Hartford Fincl Inc owns 554 shares. It also increased its holding in Bank Amer Corp (NYSE:BAC) by 174,000 shares in the quarter, for a total of 1.53M shares, and has risen its stake in Rowan Companies Plc (NYSE:RDC). Atlantic Trust Group LLC lifted its stake in shares of Blackstone Group by 2,189.3% in the 3rd quarter. Currently, The Blackstone Group L.P. (NYSE:BX) has an average volume of 3.98 Million. BX's profit will be $807.18 million for 12.97 P/E if the $0.68 EPS becomes a reality. This simple numeric scale reads 1 to 5, and it changes brokerage firm Moderate Sell recommendations into an average broker rating. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.95. Therefore 84% are positive. The Blackstone Group L.P. had 55 analyst reports since August 9, 2015 according to SRatingsIntel. The firm has "Buy" rating by Deutsche Bank given on Monday, August 17. When it comes to research, investors have several tools available to them to make it easy. Vetr cut Blackstone Group from a "buy" rating to a "hold" rating and set a $32.95 target price on the a report on Wednesday.

Here's what's interesting to note about The Blackstone Group L.P. (NYSE:BX) right now: Its price-to-sales ratio of 6.03, is cheap relative to the Asset Management universe at large. Deutsche Bank maintained The Blackstone Group L.P. (NYSE:BX) rating on Friday, September 18. The stock has "Outperform" rating by RBC Capital Markets on Thursday, October 22. The firm has "Outperform" rating given on Friday, October 16 by Oppenheimer.

Among 4 analysts covering TMX Group Ltd. Oracle Investment Management Inc sold 494,002 shares as the company's stock rose 0.26% with the market. Therefore 80% are positive. Morgan Stanley increased their price objective on Blackstone Group from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, October 23rd. Stifel Nicolaus maintained Energy Transfer Equity, L.P. (NYSE:ETE) on Tuesday, August 15 with "Buy" rating. Mizuho initiated the shares of ETE in report on Friday, September 30 with "Buy" rating. As per Wednesday, June 28, the company rating was maintained by Jefferies. V3 Capital Management Lp who had been investing in Spirit Rlty Cap Inc New for a number of months, seems to be less bullish one the $3.68 billion market cap company. California Employees Retirement reported 24,300 shares. The firm earned "Mkt Perform" rating on Monday, January 9 by Bernstein.

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