In today’s session Blackstone Group LP (BX) registered an unusually high (226) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious BX increase. With 226 contracts traded and 21784 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: BX161216C00027000 closed last at: $0.52 or 20.9% up. The stock decreased 0.36% or $0.09 during the last trading session, hitting $25.09. About 3.67 million shares traded hands or 18.39% up from the average. Blackstone Group LP (NYSE:BX) has declined 10.65% since March 2, 2016 and is downtrending. It has underperformed by 19.89% the S&P500.
Analysts await Blackstone Group LP (NYSE:BX) to report earnings on October, 27 before the open. They expect $0.60 EPS, up 271.43% or $0.95 from last year’s $-0.35 per share. BX’s profit will be $705.94M for 10.45 P/E if the $0.60 EPS becomes a reality. After $0.44 actual EPS reported by Blackstone Group LP for the previous quarter, Wall Street now forecasts 36.36% EPS growth.
Blackstone Group LP (NYSE:BX) Ratings Coverage
Out of 14 analysts covering The Blackstone Group L.P. (NYSE:BX), 9 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 64% are positive. The Blackstone Group L.P. has been the topic of 39 analyst reports since August 9, 2015 according to StockzIntelligence Inc. Susquehanna maintained Blackstone Group LP (NYSE:BX) on Thursday, September 3 with “Positive” rating. The stock of Blackstone Group LP (NYSE:BX) has “Buy” rating given on Tuesday, August 11 by Goldman Sachs. As per Tuesday, February 9, the company rating was maintained by Deutsche Bank. The company was maintained on Thursday, June 16 by Deutsche Bank. Jefferies maintained Blackstone Group LP (NYSE:BX) on Wednesday, October 7 with “Buy” rating. Oppenheimer upgraded the stock to “Outperform” rating in Friday, October 16 report. The firm earned “Overweight” rating on Tuesday, August 11 by Barclays Capital. The firm has “Neutral” rating by Bank of America given on Tuesday, December 8. The stock of Blackstone Group LP (NYSE:BX) has “Hold” rating given on Sunday, August 9 by Standpoint Research. The company was maintained on Monday, August 17 by Deutsche Bank.
Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 0.17, from 1.14 in 2016Q1. The ratio is negative, as 55 funds sold all Blackstone Group LP shares owned while 135 reduced positions. 31 funds bought stakes while 153 increased positions. They now own 266.64 million shares or 0.80% more from 264.53 million shares in 2016Q1.
Moreover, Citadel Advisors Lc has 0% invested in Blackstone Group LP (NYSE:BX) for 70,051 shares. Moors & Cabot has 0.41% invested in the company for 94,756 shares. Chatham Cap has 13,700 shares for 0.1% of their US portfolio. First Manhattan has 113,755 shares for 0.02% of their US portfolio. Dt Prns Limited Liability Com holds 35,444 shares or 0.24% of its portfolio. Asset has 26,388 shares for 0.13% of their US portfolio. Southport Management Limited Liability Co has 2.46% invested in the company for 50,000 shares. Westchester Capital Mgmt Ltd Company last reported 0.21% of its portfolio in the stock. Advisers Lc holds 0.05% or 201,497 shares in its portfolio. Rothschild Investment Il accumulated 123,698 shares or 0.39% of the stock. Hanson & Doremus Mngmt has 0% invested in the company for 200 shares. Cibc Asset Inc reported 202,763 shares or 0.04% of all its holdings. Burns J W And Ny last reported 0.07% of its portfolio in the stock. Barclays Public Ltd Company last reported 0.02% of its portfolio in the stock. Tiger Ltd Company holds 648,700 shares or 5.14% of its portfolio.
Insider Transactions: Since August 15, 2016, the stock had 0 insider buys, and 2 sales for $611,435 net activity. On Monday, August 15 SKERO KATHLEEN sold $306,570 worth of the stock or 11,000 shares.
The Blackstone Group L.P. is a global alternative asset manager. The company has a market cap of $29.52 billion. 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 other multi-asset class strategies. It has a 63.35 P/E ratio. The Company’s divisions include Private Equity, Real Estate, Hedge Fund Solutions and Credit.
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