The Blackstone Group L.P. (NYSE:BX) [Trend Analysis] moved down reacts as active mover, shares a decrease -0.20% to traded at $30.53 and the percentage gap between open changing to regular change was 0.23%. Blackstone (BX) reported that funds managed by its real estate business have agreed to acquire the Windsor Atlantica Hotel on Copacabana Beach in Rio de Janeiro, Brazil.
As part of the transaction, Blackstone has signed a management contract with Hilton for this asset and following a period of transition plans to convert the hotel to the “Hilton Rio de Janeiro Copacabana”. The irreplaceable 39-floor, 545-key beachfront hotel was comprehensively renovated in 2011 by its current owner and operator, Windsor Hotels, and is a main destination for both business and leisure travelers on one of the most famous beaches in the world. Financial terms of the transaction were not disclosed.
The firm past twelve months price to sales ratio was 7.13 and price to cash ratio remained 12.85. As far as the returns are concern, the return on equity was recorded as 16.60% and return on investment was 13.40% while its return on asset stayed at 4.30%. The firm has total debt to equity ratio measured as 1.38.
QUALCOMM Incorporated (NASDAQ:QCOM) [Trend Analysis] attempts to attain leading position in street, Shares price changes as it 0.45% to close at $57.81 with the total traded volume of 7.41 Million shares. Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against QUALCOMM Incorporated. (QCOM) concerning possible violations of federal securities laws. Investors, who purchased or otherwise acquired QUALCOMM shares between February 1, 2012 and January 17, 2017 inclusive, are encouraged to contact the firm prior to March 24, 2017, also known as the lead plaintiff motion deadline.
No class has been certified in the above action yet. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member. On January 17, 2017, Bloomberg revealed that U.S. antitrust officials were organizing a lawsuit against QUALCOMM for allegedly engaging in unfair practices and gaining a monopoly over the processing chips used in cellphones. The firm has institutional ownership of 80.40%, while insider ownership included 0.17%. Its price to sales ratio ended at 3.59. QCOM attains analyst recommendation of 2.40 with week’s performance of -1.11%.