Ares Management, L.P. (ARES) Formed a Double Top, Could Be One of The Best Performers Soon

March 17, 2018 - By Nellie Frank

Investors sentiment decreased to 1.27 in Q3 2017. Its down 0.29, from 1.56 in 2017Q2. It turned negative, as 5 investors sold Ares Management, L.P. shares while 10 reduced holdings. 5 funds opened positions while 14 raised stakes. 11.98 million shares or 4.64% more from 11.45 million shares in 2017Q2 were reported.
Pnc Fincl Services Incorporated holds 0% or 155,424 shares. Jpmorgan Chase & Com owns 0% invested in Ares Management, L.P. (NYSE:ARES) for 207,818 shares. Fmr Limited Liability Corp has 0% invested in Ares Management, L.P. (NYSE:ARES). Grp Inc One Trading Limited Partnership stated it has 0% of its portfolio in Ares Management, L.P. (NYSE:ARES). Barclays Public Ltd holds 249 shares or 0% of its portfolio. Moreover, Macquarie Group Incorporated Limited has 0% invested in Ares Management, L.P. (NYSE:ARES) for 21,800 shares. Dreman Value Management L L C owns 14,897 shares or 0.15% of their US portfolio. Greenwich Investment Mgmt Incorporated invested in 63,466 shares or 1.52% of the stock. The North Carolina-based National Bank & Trust Of America De has invested 0% in Ares Management, L.P. (NYSE:ARES). 126,000 are held by Deutsche National Bank Ag. Hsbc Public Ltd Co accumulated 12,379 shares or 0% of the stock. Raymond James And reported 12,802 shares or 0% of all its holdings. Bank & Trust Of Ny Mellon stated it has 18,828 shares. Susquehanna Ltd Liability Partnership accumulated 0% or 39,973 shares. Clinton Gp has 14,155 shares.

The chart of Ares Management, L.P. (ARES) shows a double top with $21.99 target or 3.00 % above today’s $21.35 share price. The 9 months chart pattern indicates low risk for the $4.54B company. It was reported on Mar, 17 by If the $21.99 price target is reached, the company will be worth $136.32M more. Double tops are rare but powerful chart patterns.

It closed at $21.35 lastly. It is up 31.82% since March 17, 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 May, 14. They expect $0.42 earnings per share, up 40.00 % or $0.12 from last year’s $0.3 per share. ARES’s profit will be $89.39 million for 12.71 P/E if the $0.42 EPS becomes a reality. After $0.54 actual earnings per share reported by Ares Management, L.P. for the previous quarter, Wall Street now forecasts -22.22 % negative EPS growth.

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

Among 11 analysts covering Ares Management (NYSE:ARES), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Ares Management had 37 analyst reports since August 11, 2015 according to SRatingsIntel. Credit Suisse maintained Ares Management, L.P. (NYSE:ARES) on Wednesday, January 10 with “Buy” rating. The firm has “Buy” rating given on Monday, September 4 by Keefe Bruyette & Woods. The rating was upgraded by Wood to “Outperform” on Friday, March 24. The rating was maintained by Credit Suisse on Monday, March 14 with “Neutral”. The company was initiated on Wednesday, January 25 by Credit Suisse. Wood maintained Ares Management, L.P. (NYSE:ARES) rating on Friday, October 14. Wood has “Outperform” rating and $21 target. The firm earned “Outperform” rating on Friday, May 13 by Keefe Bruyette & Woods. As per Friday, March 24, the company rating was upgraded by Keefe Bruyette & Woods. Goldman Sachs maintained it with “Neutral” rating and $21 target in Friday, March 10 report. On Wednesday, November 11 the stock rating was maintained by RBC Capital Markets with “Outperform”.

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