Diehard Bargain Hunter: The Blackstone Group LP (BX), Oclaro, Inc. (OCLR)

Paterniano Del Favero
Luglio 25, 2017

Janus Capital Management LLC raised its position in The Blackstone Group L.P.by 15.8% in the first quarter. The fund owned 131,847 shares of the asset manager's stock after buying an additional 6,312 shares during the period.

The average 1-year price target for The Blackstone Group L.P. (BX) - averaging the work of different analysts - reveals a mean PT of $38.04/share.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Finally, Clearbridge Investments LLC boosted its position in The Blackstone Group L.P.by 2.0% in the first quarter. Seminole Management Inc invested in 72,000 shares or 0.38% of the stock. Koshinski Asset Management Inc. purchased a new stake in The Blackstone Group L.P. during the first quarter valued at about $202,000. The value of the investment in BX increased from $9,325,000 to $10,891,000 a change of $1,566,000 quarter over quarter.

The Blackstone Group L.P. had its "hold" rating reiterated by analysts at Deutsche Bank. Morgan Stanley now owns 32,790,651 shares of the asset manager's stock worth $973,884,000 after buying an additional 1,859,744 shares in the last quarter. Renaissance Investment Group LLC boosted its stake in The Blackstone Group L.P.by 10.4% in the first quarter. Clearbridge Investments LLC now owns 6,422,392 shares of the asset manager's stock valued at $190,745,000 after buying an additional 125,477 shares during the last quarter.

The Blackstone Group L.P. has a one year low of $23.33 and a one year high of $34.03. (NYSE BX) traded up 0.27% during trading on Thursday, hitting $33.96.

Trading was light with 238K shares changing hands in the last trading session. The stock has a market cap of $22.26 billion, a price-to-earnings ratio of 17.83 and a beta of 1.32.

The stock is now moving with a Positive distance from 200-Day Simple Moving Average of about 16.88% and has a pretty decent Year to Date (YTD) Performance of 27.34% which means the stock is constantly adding to its value from previous fiscal year end price. Goldman Sachs initiated Blackstone Group LP (NYSE:BX) on Tuesday, August 11 with "Buy" rating.

The Blackstone Group L.P. About shares traded. Blackstone Group LP (NYSE:BX) has risen 20.49% since July 25, 2016 and is uptrending. In the last earnings report the EPS was $1.93 and is projected to be $2.85 for the current year with 646,742,000 shares now outstanding. The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.49 billion. The dividend will be $0.870 per share for the quarter or $3.48 annualized. On average, equities analysts expect that The Blackstone Group L.P. will post $2.85 EPS for the current year.

Price/Earnings to growth ratio for the company is 0.56 and the stock shows its Price/Sales (ttm) of 6.63 and Price/Book for the most recent quarter of 3.36. Oppenheimer maintained the shares of BX in report on Friday, July 14 with "Outperform" rating. The ex-dividend date will be Thursday April 27th, 2017. Finally, Credit Suisse Group increased their price objective on shares of The Blackstone Group L.P. from $42.00 to $45.00 and gave the company an "outperform" rating in a report on Tuesday, May 23rd.

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BX has been the topic of several recent research reports.

The Blackstone Group L.P. (NYSE:BX) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Tuesday, July 4th. The Blackstone Group L.P. has a consensus rating of "Buy" and an average target price of $37.14. BidaskClub cut shares of The Blackstone Group L.P. from a "buy" rating to a "hold" rating in a report on Thursday, June 15th. Toscafund Asset Management Llp acquired 50,000 shares as Blackstone Group Lp (BX)'s stock declined 1.16%. October 13 investment analysts at Barclays maintained a company rating of "Overweight" and raised the price expectation to $31.00 from $29.00. The average 1-year price target for (OCLR) reveals an average price target of $12.32 per share.

In other news, major shareholder Real Estate Associa Blackstone sold 15,000,000 shares of the business's stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $32.53, for a total transaction of $650,600.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Joan Solotar sold 30,500 shares of the business's stock in a transaction that occurred on Monday, June 5th. It worsened, as 33 investors sold BX shares while 156 reduced holdings. Following the completion of the transaction, the insider now directly owns 121,556 shares of the company's stock, valued at $3,954,216.68. Insiders sold a total of 15,050,500 shares of company stock worth $392,416,555 over the last three months. Finley now owns $3,954,217 of the stock per the Form 4 SEC filing.

The New Jersey-based Brave Asset Management Inc has invested 0.16% in Blackstone Group LP (NYSE:BX). It operates through four segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit.

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