In recent investment moves, multiple firms, including
Princeton Global Asset Management,
Stablepoint Partners LLC and
AdvisorNet Financial Inc, have reduced their holdings in
Blackstone Inc. (NYSE:BX). Conversely,
Blue Zone Wealth Advisors LLC,
CGN Advisors LLC, and
Gradient Investments LLC have increased their positions. In property business, Blackstone is reportedly leading a bidding for
$1 billion AGS Health deal, and is in talks to acquire
TXNM Energy's utility business. Meanwhile, its potential acquisition of
Hologic in a $16B deal was declined. Their
first-quarter earnings for 2025 have been reported with
profits surpassing estimates. Despite a current decrease in stock price,
analysts remain bullish on Blackstone's future with its strategic property acquisitions and $5.6 Billion fund for backing other private equity firms.
Blackstone BX News Analytics from Sat, 30 Nov 2024 08:00:00 GMT to Sat, 07 Jun 2025 12:12:01 GMT -
Rating 4
- Innovation 5
- Rumor -1
