Blackstone Group LP (BX) Holding Has Increased by Toscafund Asset Management Llp; Bislett Management Maintains Holding in Discovery Communications New Com Ser A (DISCA)

October 20, 2017 - By Clifton Ray

Martin Hughes increased its stake in Blackstone Group Lp (BX) by 160% based on its latest 2017Q2 regulatory filing with the SEC. Toscafund Asset Management Llp bought 400,000 shares as the company’s stock declined 1.16% while stock markets rallied. The hedge fund run by Martin Hughes held 650,000 shares of the investment managers company at the end of 2017Q2, valued at $21.68 million, up from 250,000 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 $41.29B market cap company. The stock declined 0.03% or $0.01 reaching $34.45 on the news. About 4.66M shares traded or 70.70% up from the average. Blackstone Group LP (NYSE:BX) has risen 20.49% since October 20, 2016 and is uptrending. It has outperformed by 3.79% the S&P500.

Bislett Management Llc increased its stake in Discovery Communications Inc New Com Ser A (DISCA) by 13.95% based on its latest 2017Q2 regulatory filing with the SEC. Bislett Management Llc bought 60,000 shares as the company’s stock declined 9.80% while stock markets rallied. The institutional investor held 490,000 shares of the consumer services company at the end of 2017Q2, valued at $12.66M, up from 430,000 at the end of the previous reported quarter. Bislett Management Llc who had been investing in Discovery Communications Inc New Com Ser A for a number of months, seems to be bullish on the $7.46 billion market cap company. The stock increased 1.00% or $0.2 during the last trading session, reaching $20.29. About 3.35M shares traded. Discovery Communications Inc. (NASDAQ:DISCA) has declined 0.88% since October 20, 2016 and is downtrending. It has underperformed by 17.58% the S&P500.

Investors sentiment decreased to 0.82 in 2017 Q2. Its down 0.14, from 0.96 in 2017Q1. It dropped, as 52 investors sold DISCA shares while 186 reduced holdings. 47 funds opened positions while 147 raised stakes. 195.01 million shares or 4.58% less from 204.36 million shares in 2017Q1 were reported. California Pub Employees Retirement Systems holds 0.03% of its portfolio in Discovery Communications Inc. (NASDAQ:DISCA) for 682,000 shares. Old Mutual Customised Solutions (Proprietary) Limited stated it has 0.05% of its portfolio in Discovery Communications Inc. (NASDAQ:DISCA). Brandywine Glob Investment Management Ltd Limited Liability Company stated it has 182 shares. Teacher Retirement Of Texas reported 21,929 shares. Td Asset has invested 0.04% in Discovery Communications Inc. (NASDAQ:DISCA). Cibc Asset holds 0.01% or 29,966 shares. Paloma Prns Mngmt accumulated 125,236 shares. Kbc Group Nv owns 22,976 shares or 0.01% of their US portfolio. 13,836 were accumulated by Liberty Mutual Gp Asset Management Inc. Cornercap Counsel has 0.73% invested in Discovery Communications Inc. (NASDAQ:DISCA). Stoneridge Inv Partners stated it has 53,856 shares or 0.21% of all its holdings. 18,139 are held by Dnb Asset As. 7,800 were reported by Oak Limited Oh. Mutual Of America Capital Mgmt Limited Liability Corporation owns 25,954 shares or 0.01% of their US portfolio. State Street owns 9.27M shares.

Since May 10, 2017, it had 0 insider buys, and 3 insider sales for $598,549 activity. On Wednesday, May 10 GOULD PAUL A sold $229,426 worth of Discovery Communications Inc. (NASDAQ:DISCA) or 8,832 shares. Wehner Kurt sold $123,773 worth of Discovery Communications Inc. (NASDAQ:DISCA) on Tuesday, June 13.

Another recent and important Discovery Communications Inc. (NASDAQ:DISCA) news was published by Nasdaq.com which published an article titled: “Caesars Entertainment Corp Larger Than S&P 500 Component Discovery Communications” on October 13, 2017.

Among 28 analysts covering Discovery Communications (NASDAQ:DISCA), 5 have Buy rating, 5 Sell and 18 Hold. Therefore 18% are positive. Discovery Communications had 77 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Hold” rating by Piper Jaffray given on Friday, August 11. RBC Capital Markets maintained the shares of DISCA in report on Thursday, July 13 with “Buy” rating. The firm earned “Buy” rating on Wednesday, September 30 by Topeka Capital Markets. As per Thursday, January 12, the company rating was downgraded by Pivotal Research. The stock of Discovery Communications Inc. (NASDAQ:DISCA) earned “Buy” rating by Topeka Capital Markets on Tuesday, October 27. The firm earned “Sell” rating on Friday, July 15 by UBS. Citigroup upgraded Discovery Communications Inc. (NASDAQ:DISCA) rating on Tuesday, August 1. Citigroup has “Buy” rating and $2900 target. The firm earned “Buy” rating on Monday, June 12 by RBC Capital Markets. Barrington Research downgraded the stock to “Market Perform” rating in Thursday, September 29 report. The firm has “Neutral” rating by UBS given on Wednesday, November 4.

Since May 24, 2017, it had 0 buys, and 2 selling transactions for $1.67 million activity. Solotar Joan sold $1.02 million worth of stock.

More notable recent Blackstone Group LP (NYSE:BX) news were published by: Seekingalpha.com which released: “Blackstone: Own Real Assets In A Growing Economy” on October 10, 2017, also Seekingalpha.com with their article: “Blackstone opens to retail money” published on October 15, 2017, Seekingalpha.com published: “Blackstone: Poorly Managed, Yields Will Soon Fall Short” on October 02, 2017. More interesting news about Blackstone Group LP (NYSE:BX) were released by: Seekingalpha.com and their article: “Strong markets benefit Blackstone; shares up 1.4% premarket” published on October 19, 2017 as well as Bloomberg.com‘s news article titled: “Blackstone Profit Tops Estimates as Real Estate Drives Gains” with publication date: October 19, 2017.

Toscafund Asset Management Llp, which manages about $1.73 billion and $188.77 million US Long portfolio, decreased its stake in Onemain Holdings Inc. by 90,000 shares to 1.15M shares, valued at $28.16M in 2017Q2, according to the filing.

Investors sentiment decreased to 1.64 in Q2 2017. Its down 0.06, from 1.7 in 2017Q1. It turned negative, as 35 investors sold BX shares while 129 reduced holdings. 79 funds opened positions while 190 raised stakes. 283.35 million shares or 0.22% more from 282.74 million shares in 2017Q1 were reported. Blair William And Co Il invested 0.05% in Blackstone Group LP (NYSE:BX). The Colorado-based Consolidated Investment Gru Ltd Liability Co has invested 2.74% in Blackstone Group LP (NYSE:BX). Moreover, Monetary Mgmt Inc has 0.13% invested in Blackstone Group LP (NYSE:BX) for 9,900 shares. Caprock Grp Inc Incorporated stated it has 0.19% of its portfolio in Blackstone Group LP (NYSE:BX). Chemical Bank reported 0.13% of its portfolio in Blackstone Group LP (NYSE:BX). Parametric Portfolio Assocs Lc accumulated 0.01% or 289,424 shares. Stratos Wealth Prtnrs holds 0.32% or 187,108 shares in its portfolio. The California-based Phocas Fin Corp has invested 0% in Blackstone Group LP (NYSE:BX). Johnson Counsel has invested 0.01% in Blackstone Group LP (NYSE:BX). Beck Mack & Oliver Llc holds 3.82% of its portfolio in Blackstone Group LP (NYSE:BX) for 3.40 million shares. Parallax Volatility Advisers Lp invested in 2.93 million shares. Cutler Mngmt Llc reported 0.29% of its portfolio in Blackstone Group LP (NYSE:BX). Chesapeake Asset Ltd Liability Corp invested in 19,530 shares. Jacobson And Schmitt Advsr Ltd Liability Corporation stated it has 148,502 shares. Baystate Wealth Mgmt Ltd Liability Co invested in 500 shares or 0% of the stock.

Among 18 analysts covering The Blackstone Group L.P. (NYSE:BX), 14 have Buy rating, 0 Sell and 4 Hold. Therefore 78% are positive. The Blackstone Group L.P. had 52 analyst reports since August 9, 2015 according to SRatingsIntel. The rating was downgraded by Bank of America to “Neutral” on Tuesday, December 8. Morgan Stanley maintained Blackstone Group LP (NYSE:BX) rating on Tuesday, July 25. Morgan Stanley has “Outperform” rating and $40 target. The firm has “Buy” rating by Citigroup given on Monday, May 22. The rating was initiated by JP Morgan with “Neutral” on Monday, November 23. The company was maintained on Thursday, June 16 by Deutsche Bank. The firm has “Market Perform” rating by Wood given on Monday, July 11. The firm earned “Buy” rating on Wednesday, October 7 by Jefferies. As per Sunday, August 9, the company rating was maintained by Standpoint Research. The firm earned “Buy” rating on Thursday, July 20 by Oppenheimer. RBC Capital Markets maintained Blackstone Group LP (NYSE:BX) rating on Tuesday, January 26. RBC Capital Markets has “Outperform” rating and $38 target.

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