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Ares Management, L.P. (ARES) Stock Formed Ascending Triangle. What To Expect?

December 8, 2017 - By Adrian Erickson

Investors sentiment decreased to 1.56 in Q2 2017. Its down 1.69, from 3.25 in 2017Q1. It turned negative, as 8 investors sold Ares Management, L.P. shares while 8 reduced holdings. 13 funds opened positions while 12 raised stakes. 11.45 million shares or 48.63% less from 22.28 million shares in 2017Q1 were reported.
North Carolina-based Bank & Trust Of America Corporation De has invested 0% in Ares Management, L.P. (NYSE:ARES). Ejf Lc has invested 1.41% in Ares Management, L.P. (NYSE:ARES). Barclays Pcl holds 0% in Ares Management, L.P. (NYSE:ARES) or 117 shares. Deutsche Bankshares Ag invested in 27,300 shares. Cap World reported 536,028 shares. Pnc Gp Inc invested in 0% or 141,707 shares. 9,840 were accumulated by Royal Bank & Trust Of Canada. Segall Bryant Hamill Limited holds 0.21% or 483,450 shares. Gp One Trading Lp reported 1,500 shares or 0% of all its holdings. 18,827 were reported by Retail Bank Of Mellon. Jpmorgan Chase & owns 454,255 shares or 0% of their US portfolio. Sterling Capital Mgmt Limited Co accumulated 17,000 shares. Sei Invests Company invested 0% in Ares Management, L.P. (NYSE:ARES). Renaissance Technology Limited Liability Company holds 0% or 23,816 shares in its portfolio. Hsbc Public Ltd Com accumulated 12,379 shares or 0% of the stock.

The stock of Ares Management, L.P. (ARES) formed an ascending triangle with $17.39 target or 7.00 % below today’s $18.70 share price. The 8 months triangle pattern indicates high risk for the $3.98 billion company. If the $17.39 price target is reached, the company will be worth $278.32M less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 1.36% or $0.25 during the last trading session, reaching $18.7. About 121,644 shares traded or 67.99% up from the average. Ares Management, L.P. (NYSE:ARES) has risen 31.82% since December 8, 2016 and is uptrending. It has outperformed by 15.12% the S&P500.

Analysts await Ares Management, L.P. (NYSE:ARES) to report earnings on February, 23. They expect $0.41 EPS, down 6.82 % or $0.03 from last year’s $0.44 per share. ARES’s profit will be $87.17M for 11.40 P/E if the $0.41 EPS becomes a reality. After $0.40 actual EPS reported by Ares Management, L.P. for the previous quarter, Wall Street now forecasts 2.50 % EPS growth.

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

Among 10 analysts covering Ares Management (NYSE:ARES), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Ares Management had 29 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, November 3 by RBC Capital Markets. The firm has “Buy” rating by Keefe Bruyette & Woods given on Monday, September 4. The firm has “Buy” rating by Keefe Bruyette & Woods given on Friday, August 4. RBC Capital Markets maintained the shares of ARES in report on Friday, August 4 with “Buy” rating. Keefe Bruyette & Woods maintained the stock with “Outperform” rating in Friday, May 13 report. Wells Fargo reinitiated the shares of ARES in report on Wednesday, December 21 with “Outperform” rating. The company was initiated on Friday, June 30 by RBC Capital Markets. The stock of Ares Management, L.P. (NYSE:ARES) has “Outperform” rating given on Thursday, May 11 by Credit Suisse. The stock has “Neutral” rating by Credit Suisse on Wednesday, January 25. On Tuesday, August 11 the stock rating was initiated by Goldman Sachs with “Neutral”.

More recent Ares Management, L.P. (NYSE:ARES) news were published by: Businesswire.com which released: “Ares Management’s Energy Infrastructure Funds Divest Operating Coal Portfolio” on November 28, 2017. Also Businesswire.com published the news titled: “Ares Management, LP to Present at Bank of America Merrill Lynch Future of …” on November 07, 2017. Seekingalpha.com‘s news article titled: “Ares Management From The Perspective Of A Preferred Investor: Money In The Bank” with publication date: November 29, 2017 was also an interesting one.

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