Ameriresource Technologies Inc (NYSE:ARES) Institutional Investors Sentiment Increased in Q1 2018

July 14, 2018 - By Jeanette Kaplan

Ares Management, L.P. (NYSE:ARES) Logo

Sentiment for Ameriresource Technologies Inc (NYSE:ARES)

Ameriresource Technologies Inc (NYSE:ARES) institutional sentiment increased to 4.18 in Q1 2018. Its up 2.47, from 1.71 in 2017Q4. The ratio is positive, as 46 funds increased and opened new holdings, while 11 decreased and sold their positions in Ameriresource Technologies Inc. The funds in our partner’s database reported: 68.32 million shares, up from 12.54 million shares in 2017Q4. Also, the number of funds holding Ameriresource Technologies Inc in their top 10 holdings increased from 0 to 2 for an increase of 2. Sold All: 2 Reduced: 9 Increased: 14 New Position: 32.

Ares Management, L.P. operates as an alternative asset manager in the United States, Europe, and Asia. The company has market cap of $4.67 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 15.61 P/E ratio. The Company’s Direct Lending Group segment provides financing solutions to small-to-medium sized companies.

The stock increased 2.14% or $0.45 during the last trading session, reaching $21.45. About 657,803 shares traded or 95.46% up from the average. Ares Management, L.P. (NYSE:ARES) has risen 16.94% since July 14, 2017 and is uptrending. It has outperformed by 4.37% the S&P500.

Analysts await Ares Management, L.P. (NYSE:ARES) to report earnings on August, 3. They expect $0.41 EPS, down 40.58 % or $0.28 from last year’s $0.69 per share. ARES’s profit will be $89.32M for 13.08 P/E if the $0.41 EPS becomes a reality. After $0.37 actual EPS reported by Ares Management, L.P. for the previous quarter, Wall Street now forecasts 10.81 % EPS growth.

Alleghany Corp De holds 5.57% of its portfolio in Ares Management, L.P. for 9.75 million shares. Fsi Group Llc owns 235,000 shares or 4.71% of their US portfolio. Moreover, Greenwich Investment Management Inc. has 3.33% invested in the company for 130,946 shares. The New York-based Mendon Capital Advisors Corp has invested 2.17% in the stock. Gator Capital Management Llc, a Florida-based fund reported 101,237 shares.

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

Ratings analysis reveals 71% of Ares Management’s analysts are positive. Out of 7 Wall Street analysts rating Ares Management, 5 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $24 while the high is $33. The stock’s average target of $28.33 is 32.07% above today’s ($21.45) share price. ARES was included in 8 notes of analysts from February 16, 2018. The firm has “Buy” rating given on Thursday, February 15 by RBC Capital Markets. The firm has “Outperform” rating given on Friday, March 9 by Credit Suisse. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Wednesday, April 11 report. SunTrust maintained Ares Management, L.P. (NYSE:ARES) rating on Friday, February 16. SunTrust has “Buy” rating and $30.0 target. The rating was downgraded by Wells Fargo to “Market Perform” on Friday, February 16. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, February 15. The stock of Ares Management, L.P. (NYSE:ARES) earned “Equal-Weight” rating by Morgan Stanley on Thursday, March 1.

More news for Ares Management, L.P. (NYSE:ARES) were recently published by: Globenewswire.com, which released: “Report: Developing Opportunities within Willdan Group, City Office REIT, Marcus, C&J Energy Services, Graham, and …” on June 22, 2018. Businesswire.com‘s article titled: “Ares Capital Corporation Schedules Earnings Release for the Second Quarter Ended June 30, 2018” and published on July 03, 2018 is yet another important article.

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

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