Ameriresource Technologies Inc (NYSE:ARES): Institutional Investors Are Worried

October 19, 2018 - By Winifred Garcia

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 2018 Q2. Its down -2.28, from 4.18 in 2018Q1. The ratio worsened, as 40 institutional investors opened new or increased stock positions, while 21 decreased and sold their positions in Ameriresource Technologies Inc. The institutional investors in our partner’s database now hold: 35.96 million shares, down from 68.32 million shares in 2018Q1. Also, the number of institutional investors 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 $4.58 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 26.55 P/E ratio. The Company’s Direct Lending Group segment provides financing solutions to small-to-medium sized companies.

The stock increased 0.82% or $0.17 during the last trading session, reaching $20.95. About 25,121 shares traded. Ares Management, L.P. (NYSE:ARES) has risen 15.41% since October 19, 2017 and is uptrending. It has underperformed by 0.21% the S&P500.

Analysts await Ares Management, L.P. (NYSE:ARES) to report earnings on November, 2. They expect $0.42 EPS, up 5.00 % or $0.02 from last year’s $0.4 per share. ARES’s profit will be $91.78M for 12.47 P/E if the $0.42 EPS becomes a reality. After $0.34 actual EPS reported by Ares Management, L.P. for the previous quarter, Wall Street now forecasts 23.53 % EPS growth.

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 60% of Ares Management’s analysts are positive. Out of 5 Wall Street analysts rating Ares Management, 3 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $25 while the high is $30. The stock’s average target of $26.25 is 25.30% above today’s ($20.95) share price. ARES was included in 5 notes of analysts from May 1, 2018. The firm earned “Equal-Weight” rating on Tuesday, October 9 by Morgan Stanley. Wells Fargo upgraded Ares Management, L.P. (NYSE:ARES) on Tuesday, August 21 to “Outperform” rating. The stock of Ares Management, L.P. (NYSE:ARES) has “Buy” rating given on Monday, September 17 by Bank of America. The rating was downgraded by JP Morgan to “Neutral” on Monday, July 23.

More news for Ares Management, L.P. (NYSE:ARES) were recently published by: Bizjournals.com, which released: “220 rental units, part of Foster City master plan, hit the market” on October 18, 2018. Globenewswire.com‘s article titled: “Report: Developing Opportunities within Sunoco LP, Mylan NV, Ares Management, Las Vegas Sands, PPL, and Nokia …” and published on September 28, 2018 is yet another important article.

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

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