Will Ares Management, L.P. (ARES) Short Squeeze Soon? The Stock Formed a Ascending Triangle Chart Pattern

December 8, 2017 - By Vivian Currie

Investors sentiment decreased to 1.56 in 2017 Q2. Its down 1.69, from 3.25 in 2017Q1. It is 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.
Art Advsr Ltd Liability holds 0.02% or 16,400 shares. Bancorp Of America Corporation De reported 0% stake. Ejf Capital Ltd Llc holds 1.41% or 927,260 shares in its portfolio. Barclays Public Limited Co holds 0% of its portfolio in Ares Management, L.P. (NYSE:ARES) for 117 shares. Susquehanna Grp Incorporated Ltd Liability Partnership stated it has 40,495 shares or 0% of all its holdings. 454,255 were accumulated by Jpmorgan Chase And. 536,028 were accumulated by Capital Ww Investors. Royal Bancorp Of Canada stated it has 9,840 shares or 0% of all its holdings. Moreover, Clinton Gp has 0.03% invested in Ares Management, L.P. (NYSE:ARES) for 14,661 shares. Greenwich Investment Mngmt reported 59,941 shares. Manufacturers Life The, Ontario – Canada-based fund reported 2,484 shares. Goldman Sachs Group Inc has 14,483 shares. American Century Cos has invested 0.02% in Ares Management, L.P. (NYSE:ARES). Morgan Stanley holds 556,827 shares. Wells Fargo And Com Mn accumulated 0% or 568,780 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 earnings per share, 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 earnings per share 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. Bank of America downgraded the shares of ARES in report on Wednesday, August 10 to “Neutral” rating. Credit Suisse initiated Ares Management, L.P. (NYSE:ARES) on Wednesday, January 25 with “Neutral” rating. The firm earned “Buy” rating on Friday, August 4 by Keefe Bruyette & Woods. The firm has “Neutral” rating given on Friday, March 10 by Goldman Sachs. The stock of Ares Management, L.P. (NYSE:ARES) earned “Buy” rating by RBC Capital Markets on Wednesday, October 18. The rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform” on Monday, February 27. The firm has “Outperform” rating given on Wednesday, December 21 by Wells Fargo. The stock of Ares Management, L.P. (NYSE:ARES) has “Outperform” rating given on Friday, March 24 by Wood. The company was initiated on Tuesday, August 11 by Goldman Sachs. The company was maintained on Monday, September 4 by Keefe Bruyette & Woods.

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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