Blackstone's Top Value Stocks

When The Blackstone GroupBX went public this summer, the initial public offering dominated headlines, but since then, IPO shares of the hedge fund/private equity fund have dropped about 40%.

Many of the stocks owned by Blackstone Kailix Advisors LLC, the hedge fund arm of The Blackstone Group, however, are up for the year, and several are up substantially. It may be that investing in the best stocks that the hedge fund owns may offer a better investment play than investing in the stock of the hedge fund itself.

With that in mind, Stockpickr has reviewed all the stock holdings of Blackstone Kailix Advisors and extracted the stocks with the lowest price-over-earnings-to-growth ratios, compiling them in the Top Blackstone Group Stocks. Not all of these stocks are up for the year, but their low PEG ratios may make them nice values.

One of the Blackstone stocks with the lowest PEG ratios is NobleNE, a Texas-based oil and gas drilling services company with a low PEG of 0.6. The stock has a price-to-earnings ratio of 14 and a yield of 0.3%.

Noble is also owned by Clough Capital, a Boston-based hedge fund with $2.1 billion under management. Clough also owns SchlumbergerSLB, which has a PEG of 1.3, and TransoceanRIG, with a PEG of 0.8.