Institutional Investors Lead Shift in Ameriresource Technologies Inc (NYSE:ARES) Sentiment

January 30, 2018 - By Vivian Park

 Institutional Investors Lead Shift in Ameriresource Technologies Inc (NYSE:ARES) Sentiment

Sentiment for Ameriresource Technologies Inc (NYSE:ARES)

Ameriresource Technologies Inc (NYSE:ARES) institutional sentiment decreased to 1.27 in 2017 Q3. Its down -0.29, from 1.56 in 2017Q2. The ratio worsened, as 19 active investment managers increased or started new holdings, while 15 sold and reduced their holdings in Ameriresource Technologies Inc. The active investment managers in our partner’s database now possess: 11.98 million shares, up from 11.45 million shares in 2017Q2. Also, the number of active investment managers holding Ameriresource Technologies Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 5 Reduced: 10 Increased: 14 New Position: 5.

Ares Management, L.P. operates as an alternative asset manager in the United States, Europe, and Asia. The company has market cap of $5.21 billion. The companyÂ’s Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts for institutional investors, and publicly traded vehicles and sub-advised funds for retail investors in the tradable and non-investment grade corporate credit markets. It has a 43.29 P/E ratio. The Company’s Direct Lending Group segment provides financing solutions to small-to-medium sized companies.

The stock decreased 0.81% or $0.2 during the last trading session, reaching $24.5. About 55,338 shares traded. Ares Management, L.P. (NYSE:ARES) has risen 31.82% since January 30, 2017 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 EPS, down 6.82 % or $0.03 from last year’s $0.44 per share. ARES’s profit will be $87.19M for 14.94 P/E if the $0.41 EPS becomes a reality. After $0.40 actual EPS reported by Ares Management, L.P. for the previous quarter, Wall Street now forecasts 2.50 % EPS growth.

Ejf Capital Llc holds 2.11% of its portfolio in Ares Management, L.P. for 1.09 million shares. Greenwich Investment Management Inc. owns 63,466 shares or 1.52% of their US portfolio. Moreover, Segall Bryant & Hamill Llc has 0.21% invested in the company for 484,750 shares. The Florida-based Dreman Value Management L L C has invested 0.15% in the stock. Gsa Capital Partners Llp, a United Kingdom-based fund reported 46,000 shares.#img1#

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

Ratings analysis reveals 70% of Ares Management’s analysts are positive. Out of 10 Wall Street analysts rating Ares Management, 7 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $14 while the high is $33.0. The stock’s average target of $21.56 is -12.00% below today’s ($24.5) share price. ARES was included in 31 notes of analysts from August 11, 2015. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, June 14. Credit Suisse maintained Ares Management, L.P. (NYSE:ARES) on Monday, March 14 with “Neutral” rating. Keefe Bruyette & Woods maintained Ares Management, L.P. (NYSE:ARES) on Monday, September 4 with “Buy” rating. The rating was upgraded by Bank of America to “Buy” on Tuesday, December 8. The stock has “Neutral” rating by Goldman Sachs on Friday, March 10. Bank of America downgraded Ares Management, L.P. (NYSE:ARES) on Wednesday, August 10 to “Neutral” rating. The stock of Ares Management, L.P. (NYSE:ARES) has “Outperform” rating given on Wednesday, November 11 by RBC Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Friday, June 30. As per Friday, May 13, the company rating was maintained by Keefe Bruyette & Woods. The stock of Ares Management, L.P. (NYSE:ARES) has “Outperform” rating given on Friday, March 24 by Keefe Bruyette & Woods.

More news for Ares Management, L.P. (NYSE:ARES) were recently published by: Pehub.com, which released: “Ares Management sells Florida gated community” on January 04, 2018. Businesswire.com‘s article titled: “Ares Management, LP Schedules Earnings Release and Conference Call for the …” and published on January 22, 2018 is yet another important article.

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