After Today’s Bearish Options Activity, Is Blackstone Group LP’s Near-Term Analysis Positive?

 After Today's Bearish Options Activity, Is Blackstone Group LP's Near Term Analysis Positive?

In today’s session Blackstone Group LP (BX) recorded an unusually high (611) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious BX decrease. With 611 contracts traded and 38834 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: BX161216P00024000 closed last at: $0.98 or 27.3% up. About 1.18 million shares traded hands. Blackstone Group LP (NYSE:BX) has declined 13.90% since April 5, 2016 and is downtrending. It has underperformed by 15.86% the S&P500.

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. $49 is the highest target while $26 is the lowest. The $36.22 average target is 50.35% above today’s ($24.09) stock price. The Blackstone Group L.P. has been the topic of 40 analyst reports since August 9, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, August 2 by Jefferies. Deutsche Bank maintained the shares of BX in a report on Friday, January 8 with “Buy” rating. The firm has “Neutral” rating given on Tuesday, December 8 by Bank of America. The stock of Blackstone Group LP (NYSE:BX) has “Overweight” rating given on Tuesday, August 9 by Barclays Capital. Standpoint Research maintained Blackstone Group LP (NYSE:BX) on Sunday, August 9 with “Hold” rating. The firm has “Buy” rating by Jefferies given on Wednesday, October 7. The firm has “Market Perform” rating by Wood given on Monday, July 11. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, October 22. JP Morgan initiated the shares of BX in a report on Monday, November 23 with “Neutral” rating. Goldman Sachs initiated Blackstone Group LP (NYSE:BX) on Tuesday, August 11 with “Buy” rating.

According to Zacks Investment Research, “Blackstone is one of the world’s leading investment and advisory firms. Their alternative asset management businesses include the management of corporate private equity funds, real estate funds, funds of hedge funds, credit-oriented funds, collateralized loan obligation vehicles (CLOs) and closed-end mutual funds. The Blackstone Group also provides various financial advisory services, including mergers and acquisitions advisory, restructuring and reorganization advisory and fund placement services.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 0.17, from 1.14 in 2016Q1. The ratio fall, 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.
Northern Tru reported 130,792 shares or 0% of all its holdings. Deutsche Fincl Bank Ag has 0.06% invested in the company for 3.45M shares. The United Kingdom-based Rathbone Brothers Public Limited Com has invested 0.09% in Blackstone Group LP (NYSE:BX). Dorsey & Whitney Tru Co Limited Liability Com holds 0.08% of its portfolio in Blackstone Group LP (NYSE:BX) for 13,576 shares. The Georgia-based Chatham has invested 0.1% in Blackstone Group LP (NYSE:BX). Peak6 Investments Limited Partnership has 0.04% invested in the company for 235,842 shares. Concert Wealth Mgmt holds 47,061 shares or 0.16% of its portfolio. Becker Capital Inc holds 0.73% or 730,050 shares in its portfolio. Pioneer Invest Inc holds 0% or 46,100 shares in its portfolio. Fincl Bank Of America De has 0.04% invested in the company for 6.20 million shares. The North Carolina-based Endowment Management Limited Partnership has invested 1.66% in Blackstone Group LP (NYSE:BX). Vantage Advisors Ltd Com last reported 0% of its portfolio in the stock. Advisory Ser Ntwk Ltd Co, a Georgia-based fund reported 24,806 shares. Algebris Invests (Uk) Llp has 243,600 shares for 1.02% of their US portfolio. Da Davidson & Co holds 0.03% of its portfolio in Blackstone Group LP (NYSE:BX) for 38,617 shares.

Insider Transactions: Since August 15, 2016, the stock had 0 buys, and 2 insider 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 $27.96 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 60.82 P/E ratio. The Company’s divisions include Private Equity, Real Estate, Hedge Fund Solutions and Credit.

BX Company Profile

The Blackstone Group L.P. (Blackstone), incorporated on March 12, 2007, is a global alternative asset manager. 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. The Company’s divisions include Private Equity, Real Estate, Hedge Fund Solutions and Credit.

More recent Blackstone Group LP (NYSE:BX) news were published by: Bloomberg.com which released: “Blackstone Tops Third-Quarter Estimates on Real Estate Sales” on October 27, 2016. Also Wsj.com published the news titled: “Blackstone to Acquire Team Health for About $3.2 Billion” on October 31, 2016. Bloomberg.com‘s news article titled: “Blackstone’s Search for Real Estate Buyers Keeps Ending in China” with publication date: October 24, 2016 was also an interesting one.

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