Ares Management, L.P. (ARES)’s Trend Down, Especially After Forming a Ascending Triangle

December 8, 2017 - By Marguerite Chambers

Investors sentiment decreased to 1.56 in Q2 2017. Its down 1.69, from 3.25 in 2017Q1. It worsened, as 8 investors sold Ares Management, L.P. shares while 8 reduced holdings. 13 funds opened positions while 12 raised stakes. 11.45 million shares or 48.63% less from 22.28 million shares in 2017Q1 were reported.
Renaissance Techs reported 0% stake. Sei Investments holds 0% in Ares Management, L.P. (NYSE:ARES) or 60,440 shares. Wells Fargo & Mn invested 0% of its portfolio in Ares Management, L.P. (NYSE:ARES). 12,379 are held by Hsbc Holdings Public Llc. State Bank Of America Corporation De invested in 96,309 shares. Pnc Svcs Grp holds 0% or 141,707 shares. Ejf Llc owns 927,260 shares. Wfg Advsr Limited Partnership owns 1,399 shares. Fmr Limited Company reported 980,993 shares. Century Incorporated owns 1.18 million shares for 0.02% of their portfolio. Susquehanna Group Incorporated Limited Liability Partnership accumulated 0% or 40,495 shares. 9,840 are owned by Royal State Bank Of Canada. Greenwich Mngmt Inc holds 1.26% or 59,941 shares in its portfolio. Art Limited Liability Corp reported 0.02% of its portfolio in Ares Management, L.P. (NYSE:ARES). James Invest Inc has invested 0.04% in Ares Management, L.P. (NYSE:ARES).

The stock of Ares Management, L.P. (ARES) formed an ascending triangle with $17.39 target or 7.00 % below today’s $18.70 share price. The 8 months triangle pattern indicates high risk for the $3.98 billion company. If the $17.39 price target is reached, the company will be worth $278.32M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 1.36% or $0.25 during the last trading session, reaching $18.7. About 121,644 shares traded or 67.99% up from the average. Ares Management, L.P. (NYSE:ARES) has risen 31.82% since December 8, 2016 and is uptrending. It has outperformed by 15.12% the S&P500.

Analysts await Ares Management, L.P. (NYSE:ARES) to report earnings on February, 23. They expect $0.41 earnings per share, down 6.82 % or $0.03 from last year’s $0.44 per share. ARES’s profit will be $87.17M for 11.40 P/E if the $0.41 EPS becomes a reality. After $0.40 actual earnings per share reported by Ares Management, L.P. for the previous quarter, Wall Street now forecasts 2.50 % EPS growth.

Ares Management, L.P. (NYSE:ARES) Ratings Coverage

Among 10 analysts covering Ares Management (NYSE:ARES), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Ares Management had 29 analyst reports since August 11, 2015 according to SRatingsIntel. The company was maintained on Friday, October 14 by Wood. The stock has “Outperform” rating by Wood on Friday, March 24. The firm has “Outperform” rating by Credit Suisse given on Thursday, May 11. Keefe Bruyette & Woods maintained it with “Buy” rating and $2200 target in Wednesday, June 14 report. The firm earned “Outperform” rating on Friday, March 24 by Keefe Bruyette & Woods. The rating was maintained by Keefe Bruyette & Woods on Friday, August 4 with “Buy”. Keefe Bruyette & Woods maintained it with “Buy” rating and $22.0 target in Monday, September 4 report. The rating was initiated by RBC Capital Markets on Friday, June 30 with “Outperform”. The firm has “Mkt Perform” rating given on Monday, February 27 by Keefe Bruyette & Woods. The rating was maintained by Wood with “Outperform” on Friday, April 7.

More recent Ares Management, L.P. (NYSE:ARES) news were published by: Businesswire.com which released: “Ares Management’s Energy Infrastructure Funds Divest Operating Coal Portfolio” on November 28, 2017. Also Seekingalpha.com published the news titled: “Ares Management From The Perspective Of A Preferred Investor: Money In The Bank” on November 29, 2017. Businesswire.com‘s news article titled: “Ares Management, LP to Present at Bank of America Merrill Lynch Future of …” with publication date: November 07, 2017 was also an interesting one.

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