NYSE:ARES', 'Ares Management L.P.', 'http://weeklyregister.com/weekly-register-logo.png');

What’s Ares Management, L.P. (ARES) Downside After Forming Ascending Triangle Chart Pattern?

December 8, 2017 - By Henry Gaston

Investors sentiment decreased to 1.56 in 2017 Q2. 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.
18,827 were accumulated by National Bank Of Ny Mellon Corp. Moreover, Wells Fargo And Mn has 0% invested in Ares Management, L.P. (NYSE:ARES) for 568,780 shares. Greenwich Inv Mgmt reported 1.26% of its portfolio in Ares Management, L.P. (NYSE:ARES). Ejf Capital Ltd Liability Com has 927,260 shares. Moreover, Sei Invests has 0% invested in Ares Management, L.P. (NYSE:ARES). Sterling Capital Mngmt Limited Com reported 17,000 shares. Bancorp Of America De holds 0% or 96,309 shares. Fmr Ltd Liability Corporation invested 0% in Ares Management, L.P. (NYSE:ARES). 16,400 were accumulated by Art Advisors Lc. Citigroup reported 623 shares. Wfg L P holds 0.01% or 1,399 shares in its portfolio. Century Companies reported 1.18M shares. World Invsts reported 536,028 shares stake. Royal Bankshares Of Canada stated it has 9,840 shares or 0% of all its holdings. Manufacturers Life Co The owns 2,484 shares.

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 $87.17 million 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 “Neutral” rating by Credit Suisse given on Wednesday, January 25. Keefe Bruyette & Woods maintained it with “Buy” rating and $22.0 target in Monday, September 4 report. The stock has “Mkt Perform” rating by Keefe Bruyette & Woods on Monday, February 27. Wood upgraded the stock to “Outperform” rating in Friday, March 24 report. As per Friday, June 30, the company rating was initiated by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, October 18 by RBC Capital Markets. The stock of Ares Management, L.P. (NYSE:ARES) has “Outperform” rating given on Friday, October 14 by Wood. The rating was downgraded by Bank of America to “Neutral” on Wednesday, August 10. RBC Capital Markets maintained Ares Management, L.P. (NYSE:ARES) rating on Wednesday, November 11. RBC Capital Markets has “Outperform” rating and $20 target. RBC Capital Markets maintained the shares of ARES in report on Friday, August 4 with “Buy” rating.

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 Seekingalpha.com published the news titled: “Ares Management From The Perspective Of A Preferred Investor: Money In The Bank” on November 29, 2017. Businesswire.com‘s news article titled: “Ares Management, LP to Present at Bank of America Merrill Lynch Future of …” with publication date: November 07, 2017 was also an interesting one.

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