The stock of Ares Management LP (NYSE:ARES) is a huge mover today! The stock decreased 6.65% or $1.24 on September 30, hitting $17.41. About 75,572 shares traded hands or 139.71% up from the average. Ares Management LP (NYSE:ARES) has risen 54.39% since February 26, 2016 and is uptrending. It has outperformed by 43.96% the S&P500.
The move comes after 7 months negative chart setup for the $3.65B company. It was reported on Oct, 1 by Barchart.com. We have $16.19 PT which if reached, will make NYSE:ARES worth $255.50 million less.
Analysts await Ares Management LP (NYSE:ARES) to report earnings on November, 8. ARES’s profit will be $69.18 million for 13.19 P/E if the $0.33 EPS becomes a reality. After $0.44 actual earnings per share reported by Ares Management LP for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.
Ares Management LP (NYSE:ARES) Ratings Coverage
Out of 7 analysts covering Ares Management (NYSE:ARES), 3 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. Ares Management has been the topic of 12 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The stock of Ares Management LP (NYSE:ARES) earned “Neutral” rating by Bank of America on Wednesday, August 10. The rating was maintained by Credit Suisse with “Neutral” on Monday, March 14. Bank of America upgraded Ares Management LP (NYSE:ARES) on Tuesday, December 8 to “Buy” rating. The stock of Ares Management LP (NYSE:ARES) has “Outperform” rating given on Friday, May 13 by Keefe Bruyette & Woods. Goldman Sachs initiated it with “Neutral” rating and $20 target price in Tuesday, August 11 report. RBC Capital Markets maintained Ares Management LP (NYSE:ARES) on Wednesday, November 11 with “Outperform” rating.
According to Zacks Investment Research, “Ares Management, L.P. is a global alternative asset manager. It manages four investment groups that invest in the tradable credit, direct lending, and private equity and real estate markets. The company’s Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company’s Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. Ares Management, L.P. is headquartered in Los Angeles.”
Insitutional Activity: The institutional sentiment decreased to 0.9 in 2016 Q2. Its down 0.03, from 0.93 in 2016Q1. The ratio dropped, as 4 funds sold all Ares Management LP shares owned while 6 reduced positions. 3 funds bought stakes while 6 increased positions. They now own 3.45 million shares or 58.51% less from 8.32 million shares in 2016Q1.
Royal Bank Of Canada accumulated 0% or 47,940 shares. Deutsche Commercial Bank Ag owns 12,242 shares or 0% of their US portfolio. Comml Bank Of America De holds 5,149 shares or 0% of its portfolio. Citigroup Inc owns 841 shares or 0% of their US portfolio. Moreover, Pnc Fin Ser Gru has 0% invested in Ares Management LP (NYSE:ARES) for 103,673 shares. Joel Isaacson And Ltd Limited Liability Company holds 0.01% of its portfolio in Ares Management LP (NYSE:ARES) for 3,036 shares. Fmr Limited Liability has 1.71 million shares for 0% of their US portfolio. Raymond James Associates reported 13,035 shares or 0% of all its holdings. Blackrock Institutional Trust Na holds 4 shares or 0% of its portfolio. Blackrock Invest Mngmt Lc has 0% invested in the company for 41,116 shares. The Texas-based Wfg Advsrs Ltd Partnership has invested 0% in Ares Management LP (NYSE:ARES). Wells Fargo And Co Mn holds 0% or 1,912 shares in its portfolio. Sei Invests owns 6,548 shares or 0% of their US portfolio. Moreover, Manufacturers Life Insur The has 0% invested in Ares Management LP (NYSE:ARES) for 2,295 shares. The New York-based Morgan Stanley has invested 0% in Ares Management LP (NYSE:ARES).
More important recent Ares Management LP (NYSE:ARES) news were published by: Businesswire.com which released: “Ares Management, L.P. Announces Pricing of $275 Million in Preferred Units” on June 02, 2016, also Businesswire.com published article titled: “Ares Management, L.P. to Present at the Morgan Stanley Financials Conference”, Businesswire.com published: “Fitch Expects to Rate Ares Management, L.P.’s Preferred Issuance ‘BBB-‘” on June 01, 2016. More interesting news about Ares Management LP (NYSE:ARES) was released by: Pehub.com and their article: “Ares Management’s fifth flexible capital PE fund closes at $7.85 bln” with publication date: April 25, 2016.
ARES Company Profile
Ares Management, L.P., incorporated on September 3, 1997, is an alternative asset manager. The Firm operates through four divisions: Tradable Credit Group, Direct Lending Group, Private Equity Group and Real Estate Group. The Company’s Tradable Credit Group is a participant in the tradable, non-investment grade corporate credit markets. The Company’s Direct Lending Group is a self-originating direct lender to the United States and European markets. The Company’s Private Equity Group manages approximately five corporate private equity commingled funds focused on North America and Europe, a China growth fund, over five commingled funds and approximately six related co-investment vehicles focused on the United States power and energy assets. The Company’s Real Estate Group manages public and private equity and debt strategies.
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