Are Analysts Bearish Ares Management, L.P. (NYSE:ARES) After Last Week?

September 16, 2018 - By Kyle Williams

Ares Management, L.P. (NYSE:ARES) LogoInvestors sentiment decreased to 1.9 in 2018 Q2. Its down 2.28, from 4.18 in 2018Q1. It is negative, as 11 investors sold Ares Management, L.P. shares while 10 reduced holdings. 13 funds opened positions while 27 raised stakes. 35.96 million shares or 47.37% less from 68.32 million shares in 2018Q1 were reported.
Royal State Bank Of Canada owns 40,142 shares. Point72 Asset Mngmt Ltd Partnership holds 13,800 shares. National Bank & Trust Of America De has invested 0% in Ares Management, L.P. (NYSE:ARES). California Pub Employees Retirement holds 0% in Ares Management, L.P. (NYSE:ARES) or 22,964 shares. Brown Advisory Securities Lc invested in 19,700 shares or 0.07% of the stock. Moreover, Alpine Woods Invsts Limited Liability Corp has 0.05% invested in Ares Management, L.P. (NYSE:ARES). Boston Advsrs Limited Liability Co reported 0.04% stake. 2,700 were accumulated by One Trading Ltd Partnership. Janney Montgomery Scott Ltd Liability has 26,400 shares. United Kingdom-based Barclays Public Limited has invested 0% in Ares Management, L.P. (NYSE:ARES). Wells Fargo And Mn reported 0% in Ares Management, L.P. (NYSE:ARES). Millennium Llc holds 798,403 shares or 0.02% of its portfolio. Citigroup invested in 0% or 178,231 shares. 10,471 are held by Bank Of Mellon. Hightower Advisors Ltd Company stated it has 16,010 shares.

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

Among 4 analysts covering Ares Management (NYSE:ARES), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Ares Management had 4 analyst reports since April 11, 2018 according to SRatingsIntel. JP Morgan downgraded the shares of ARES in report on Monday, July 23 to “Neutral” rating. On Tuesday, August 21 the stock rating was upgraded by Wells Fargo to “Outperform”. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, April 11. Below is a list of Ares Management, L.P. (NYSE:ARES) latest ratings and price target changes.

21/08/2018 Broker: Wells Fargo Old Rating: Market Perform New Rating: Outperform Upgrade
23/07/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Neutral Old Target: $23 Downgrade
01/05/2018 Broker: Oppenheimer Rating: Outperform New Target: $30 Initiates Coverage On
11/04/2018 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $27.0000 Maintain

The stock increased 1.89% or $0.4 during the last trading session, reaching $21.55. About 486,151 shares traded. Ares Management, L.P. (NYSE:ARES) has risen 15.41% since September 16, 2017 and is uptrending. It has underperformed by 0.21% the S&P500.

Ares Management, L.P. operates as an alternative asset manager in the United States, Europe, and Asia. The company has market cap of $4.71 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 27.31 P/E ratio. The Company’s Direct Lending Group segment provides financing solutions to small-to-medium sized companies.

More important recent Ares Management, L.P. (NYSE:ARES) news were published by: Bizjournals.com which released: “EPIC Crude Oil Pipeline extends second open season” on September 14, 2018, also Seekingalpha.com published article titled: “Ares Management acquires Paradigm Energy Partners”, Businesswire.com published: “Ares Real Estate Group Announces Sale of Stake in Gaylord Rockies Resort & Convention Center” on September 14, 2018. More interesting news about Ares Management, L.P. (NYSE:ARES) was released by: Themiddlemarket.com and their article: “M&A wrap: KKR, Henry Kravis, Serena Williams, Daily Harvest, Ares Management” with publication date: September 07, 2018.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.