November 16, 2016 - By Marie Mckinney · 0 Comments
Ameriresource Technologies Inc (NYSE:ARES) institutional sentiment decreased to 0.9 in Q2 2016. Its down -0.03, from 0.93 in 2016Q1. The ratio is negative, as 9 funds increased and started new positions, while 10 decreased and sold stock positions in Ameriresource Technologies Inc. The funds in our partner’s database now possess: 3.45 million shares, down from 8.32 million shares in 2016Q1. Also, the number of funds holding Ameriresource Technologies Inc in their top 10 positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 6 Increased: 6 New Position: 3.
Ares Management, L.P. is an alternative asset manager. The company has a market cap of $3.50 billion. The Firm operates through four divisions: Tradable Credit Group, Direct Lending Group, Private Equity Group and Real Estate Group. It has a 19.77 P/E ratio. The Company’s Tradable Credit Group is a participant in the tradable, non-investment grade corporate credit markets and manages various types of investment funds, ranging from commingled and separately managed accounts for institutional investors to publicly traded vehicles and sub-advised funds for retail investors.
Ares Management LP (NYSE:ARES) has risen 13.25% since April 14, 2016 and is uptrending. It has outperformed by 8.57% the S&P500.
According to Zacks Investment Research, “Ares Management, L.P. is a global alternative asset manager. It manages four investment groups that invest in the tradable credit, direct lending, and private equity and real estate markets. The company’s Tradable Credit Group segment manages various types of investment funds, such as commingled and separately managed accounts. Its Direct Lending Group segment provides financing solutions to small-to-medium sized companies. The company’s Private Equity Group segment focuses on majority or shared-control investments primarily in under-capitalized companies. Its Real Estate Group segment invests in new developments and the repositioning of assets; and originates and invests in a range of self-originated financing opportunities for middle-market owners and operators of commercial real estate. Ares Management, L.P. is headquartered in Los Angeles.”
American Century Companies Inc holds 0.02% of its portfolio in Ares Management LP for 1.00 million shares. Joel Isaacson & Co. Llc owns 3,036 shares or 0.01% of their US portfolio. Moreover, Bank Of America Corp De has 0% invested in the company for 5,149 shares. The New York-based Bank Of New York Mellon Corp has invested 0% in the stock. Blackrock Advisors Llc, a Delaware-based fund reported 205,184 shares.#img1#
Ratings analysis reveals 50% of Ares Management’s analysts are positive. Out of 8 Wall Street analysts rating Ares Management, 4 give it “Buy”, 0 “Sell” rating, while 4 recommend “Hold”. The lowest target is $14 while the high is $23. The stock’s average target of $18.69 is 11.92% above today’s ($16.7) share price. ARES was included in 13 notes of analysts from August 11, 2015. The company was maintained on Wednesday, November 11 by RBC Capital Markets. Bank of America downgraded Ares Management LP (NYSE:ARES) on Wednesday, August 10 to “Neutral” rating. Keefe Bruyette & Woods maintained Ares Management LP (NYSE:ARES) rating on Friday, May 13. Keefe Bruyette & Woods has “Outperform” rating and $17.50 price target. As per Monday, March 14, the company rating was maintained by Credit Suisse. The firm has “Buy” rating given on Tuesday, December 8 by Bank of America. The rating was initiated by Goldman Sachs on Tuesday, August 11 with “Neutral”. Wood maintained the stock with “Outperform” rating in Friday, October 14 report.
Ares Management, L.P., incorporated on September 3, 1997, is an alternative asset manager. The Firm operates through four divisions: Tradable Credit Group, Direct Lending Group, Private Equity Group and Real Estate Group. The Company’s Tradable Credit Group is a participant in the tradable, non-investment grade corporate credit markets. The Company’s Direct Lending Group is a self-originating direct lender to the United States and European markets. The Company’s Private Equity Group manages approximately five corporate private equity commingled funds focused on North America and Europe, a China growth fund, over five commingled funds and approximately six related co-investment vehicles focused on the United States power and energy assets. The Company’s Real Estate Group manages public and private equity and debt strategies.
More notable recent Ares Management LP (NYSE:ARES) news were published by: Businesswire.com which released: “Ares Management, L.P. to Present at Bank of America Merrill Lynch Future of …” on August 19, 2016, also Nasdaq.com with their article: “Ares Management L.P. (ARES) Ex-Dividend Date Scheduled for November 17, 2016” published on November 16, 2016, Businesswire.com published: “Ares Management, L.P. Reports Third Quarter Results” on November 07, 2016. More interesting news about Ares Management LP (NYSE:ARES) were released by: Businesswire.com and their article: “Ares Management, L.P. Announces Pricing of $275 Million in Preferred Units” published on June 02, 2016 as well as Businesswire.com‘s news article titled: “Ares Management Funds and TruAmerica Multifamily Acquire $236 Million …” with publication date: November 14, 2016.
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By Marie Mckinney