Arrow Investment Advisors Raised Holding in Teekay Offshore Partners LP (TOO) by $397,456 as Market Value Declined; Blackstone Group LP (BX) Position Raised by Toscafund Asset Management Llp

January 14, 2018 - By Marguerite Chambers

Martin Hughes increased its stake in Blackstone Group Lp (BX) by 14.62% based on its latest 2017Q3 regulatory filing with the SEC. Toscafund Asset Management Llp bought 95,000 shares as the company’s stock declined 1.16% while stock markets rallied. The hedge fund run by Martin Hughes held 745,000 shares of the investment managers company at the end of 2017Q3, valued at $24.86M, up from 650,000 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 $42.01 billion market cap company. The stock increased 2.49% or $0.86 during the last trading session, reaching $35.39. About 10.43M shares traded or 151.77% up from the average. The Blackstone Group L.P. (NYSE:BX) has risen 20.49% since January 14, 2017 and is uptrending. It has outperformed by 3.79% the S&P500.

Arrow Investment Advisors Llc increased its stake in Teekay Offshore Partners LP (TOO) by 141.49% based on its latest 2017Q3 regulatory filing with the SEC. Arrow Investment Advisors Llc bought 198,728 shares as the company’s stock declined 38.73% while stock markets rallied. The institutional investor held 339,180 shares of the marine transportation company at the end of 2017Q3, valued at $807,000, up from 140,452 at the end of the previous reported quarter. Arrow Investment Advisors Llc who had been investing in Teekay Offshore Partners LP for a number of months, seems to be bullish on the $1.19 billion market cap company. The stock decreased 1.05% or $0.03 during the last trading session, reaching $2.82. About 1.52M shares traded or 32.31% up from the average. Teekay Offshore Partners L.P. (NYSE:TOO) has declined 43.83% since January 14, 2017 and is downtrending. It has underperformed by 60.53% the S&P500.

Among 19 analysts covering The Blackstone Group L.P. (NYSE:BX), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 84% are positive. The Blackstone Group L.P. had 57 analyst reports since August 9, 2015 according to SRatingsIntel. The company was maintained on Tuesday, October 27 by Argus Research. The firm has “Outperform” rating by RBC Capital Markets given on Tuesday, January 26. The firm has “Buy” rating given on Monday, August 17 by Deutsche Bank. As per Thursday, July 20, the company rating was maintained by JMP Securities. The stock has “Neutral” rating by Bank of America on Tuesday, December 8. Jefferies maintained The Blackstone Group L.P. (NYSE:BX) rating on Tuesday, August 2. Jefferies has “Buy” rating and $31 target. The firm has “Hold” rating by Deutsche Bank given on Friday, July 21. The rating was maintained by Keefe Bruyette & Woods on Monday, August 14 with “Buy”. The firm earned “Buy” rating on Thursday, July 20 by Oppenheimer. Deutsche Bank downgraded it to “Hold” rating and $28 target in Friday, March 11 report.

Investors sentiment decreased to 1.24 in Q3 2017. Its down 0.40, from 1.64 in 2017Q2. It is negative, as 29 investors sold BX shares while 155 reduced holdings. 52 funds opened positions while 177 raised stakes. 272.94 million shares or 3.67% less from 283.35 million shares in 2017Q2 were reported. Neville Rodie And Shaw invested 0.11% in The Blackstone Group L.P. (NYSE:BX). Utd Asset Strategies reported 0.12% in The Blackstone Group L.P. (NYSE:BX). Supplemental Annuity Collective Trust Of Nj invested in 30,000 shares or 0.44% of the stock. Brown Brothers Harriman And invested in 2,421 shares or 0% of the stock. Fcg Advisors Limited Company owns 9,597 shares or 0.12% of their US portfolio. Walter And Keenan Consulting Mi Adv stated it has 23,500 shares. Natl Planning Corp stated it has 0.3% in The Blackstone Group L.P. (NYSE:BX). Sol Capital owns 83,525 shares. Telemus Ltd Liability Com, Michigan-based fund reported 17,120 shares. Janney Montgomery Scott Ltd Llc reported 0.16% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Private Advisors, a New York-based fund reported 270,536 shares. Hap Trading Llc stated it has 89,555 shares. 850,000 were reported by Markel. Spirit Of America Ny has invested 0.13% in The Blackstone Group L.P. (NYSE:BX). 22,410 are owned by Beach Inv Mgmt Limited Liability Co.

Since December 13, 2017, it had 0 insider purchases, and 1 insider sale for $632,896 activity.

Investors sentiment increased to 0.9 in 2017 Q3. Its up 0.21, from 0.69 in 2017Q2. It is positive, as 9 investors sold TOO shares while 21 reduced holdings. 14 funds opened positions while 13 raised stakes. 71.14 million shares or 4.21% less from 74.27 million shares in 2017Q2 were reported. Ballentine Prtnrs Ltd Company invested in 98,000 shares or 0.01% of the stock. Hite Hedge Asset Management Limited Liability Company invested in 1.27 million shares. Benchmark Cap Advsrs owns 81,500 shares for 0.15% of their portfolio. Jpmorgan Chase reported 1,000 shares. Goldman Sachs Gp reported 0% in Teekay Offshore Partners L.P. (NYSE:TOO). Moreover, Royal Financial Bank Of Canada has 0% invested in Teekay Offshore Partners L.P. (NYSE:TOO) for 18,758 shares. Avenir Corp owns 126,608 shares for 0.03% of their portfolio. Creative Planning stated it has 24,795 shares. 1,200 are owned by Enterprise Financial Services Corporation. Homrich And Berg has 16,300 shares. Citadel Advisors Limited Liability Corp holds 0% or 55,945 shares in its portfolio. Eagle Glob Advsrs Limited Liability accumulated 9.25 million shares. Barnett Communications Inc owns 1,600 shares for 0% of their portfolio. Integral Derivatives Limited Liability Com holds 0% or 13,000 shares in its portfolio. 13,499 were accumulated by Alliancebernstein Lp.

Arrow Investment Advisors Llc, which manages about $637.49 million and $332.56M US Long portfolio, decreased its stake in Ishares Tr (EMB) by 4,001 shares to 37,632 shares, valued at $4.38M in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (HYG) by 66,204 shares in the quarter, leaving it with 107,848 shares, and cut its stake in Ishares Inc (EWN).

Among 9 analysts covering Teekay Offshore (NYSE:TOO), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Teekay Offshore had 16 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, June 20 by UBS. The rating was upgraded by Wells Fargo on Thursday, September 14 to “Outperform”. The stock of Teekay Offshore Partners L.P. (NYSE:TOO) has “Sector Perform” rating given on Thursday, August 13 by RBC Capital Markets. The rating was downgraded by Raymond James on Friday, July 28 to “Market Perform”. The firm has “Accumulate” rating given on Tuesday, August 4 by Global Hunter Securities. The firm has “Underperform” rating given on Thursday, December 17 by Bank of America. On Tuesday, April 19 the stock rating was initiated by Morgan Stanley with “Equal-Weight”. The firm has “Buy” rating by UBS given on Wednesday, November 15. The stock of Teekay Offshore Partners L.P. (NYSE:TOO) earned “Outperform” rating by RBC Capital Markets on Thursday, August 18. Seaport Global Securities downgraded the stock to “Neutral” rating in Thursday, December 17 report.

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