Ameriresource Technologies Inc (NYSE:ARES) Institutional Investors 2018 Q2 Sentiment

November 10, 2018 - By olga

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

Sentiment for Ameriresource Technologies Inc (NYSE:ARES)

Ameriresource Technologies Inc (NYSE:ARES) institutional sentiment decreased to 1.9 in Q2 2018. Its down -2.28, from 4.18 in 2018Q1. The ratio worsened, as 40 investment managers started new and increased stock positions, while 21 sold and reduced positions in Ameriresource Technologies Inc. The investment managers in our partner’s database reported: 35.96 million shares, down from 68.32 million shares in 2018Q1. Also, the number of investment managers holding Ameriresource Technologies Inc in their top 10 stock positions was flat from 2 to 2 for the same number . Sold All: 11 Reduced: 10 Increased: 27 New Position: 13.

Ares Management, L.P. operates as an alternative asset manager in the United States, Europe, and Asia. The company has market cap of $4.84 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 28.05 P/E ratio. The Company’s Direct Lending Group segment provides financing solutions to small-to-medium sized companies.

The stock increased 1.28% or $0.28 during the last trading session, reaching $22.13. About 439,181 shares traded. Ares Management, L.P. (NYSE:ARES) has risen 15.41% since November 10, 2017 and is uptrending. It has underperformed by 0.21% the S&P500.

Alleghany Corp De holds 5.18% of its portfolio in Ares Management, L.P. for 9.75 million shares. Fsi Group Llc owns 235,000 shares or 3.86% of their US portfolio. Moreover, Greenwich Investment Management Inc. has 2.81% invested in the company for 131,678 shares. The Florida-based Gator Capital Management Llc has invested 2.73% in the stock. Jacobs Asset Management Llc, a New York-based fund reported 461,444 shares.

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

Ratings analysis reveals 50% of Ares Management’s analysts are positive. Out of 4 Wall Street analysts rating Ares Management, 2 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $25 while the high is $27. The stock’s average target of $25 is 12.97% above today’s ($22.13) share price. ARES was included in 4 notes of analysts from July 23, 2018. On Monday, September 17 the stock rating was maintained by Bank of America with “Buy”. The stock of Ares Management, L.P. (NYSE:ARES) earned “Outperform” rating by Wells Fargo on Tuesday, August 21. The stock of Ares Management, L.P. (NYSE:ARES) earned “Neutral” rating by JP Morgan on Monday, July 23. Morgan Stanley maintained it with “Equal-Weight” rating and $25 target in Tuesday, October 9 report.

More notable recent Ares Management, L.P. (NYSE:ARES) news were published by: Seekingalpha.com which released: “Ares Management LP 7 % Non Cum Pfd Registered Series A declares $0.4375 dividend” on November 01, 2018, also Seekingalpha.com with their article: “Ares Management gains 4.5% as record financing boosts AUM” published on November 01, 2018, Businesswire.com published: “Ares Management’s Credit Group Highlights New Third Quarter Financing Commitments” on November 05, 2018. More interesting news about Ares Management, L.P. (NYSE:ARES) were released by: Streetinsider.com and their article: “Ares Management (ARES), Specht Development Report Acquisition of 1M sqft. Industrial Facility for $48.5M” published on November 07, 2018 as well as Globenewswire.com‘s news article titled: “Analysis: Positioning to Benefit within Noble Energy, Myomo, Realty Income, Cross Country Healthcare, Ares …” with publication date: November 07, 2018.

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

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