Ares Management LP Unit Sees Unusually Large Options Volume (ARES)

Ares Management LP Unit (NYSE:ARES) was the recipient of unusually large options trading activity on Tuesday. Stock traders purchased 2,384 call options on the stock. This represents an increase of approximately 3,258% compared to the typical volume of 71 call options.

A number of hedge funds have recently bought and sold shares of the stock. Brown Advisory Securities LLC increased its stake in Ares Management LP Unit by 12.2% in the 3rd quarter. Brown Advisory Securities LLC now owns 22,100 shares of the asset manager’s stock worth $513,000 after buying an additional 2,400 shares during the period. Segall Bryant & Hamill LLC increased its stake in Ares Management LP Unit by 0.9% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 504,125 shares of the asset manager’s stock worth $10,435,000 after buying an additional 4,575 shares during the period. Cubist Systematic Strategies LLC increased its stake in Ares Management LP Unit by 785.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 5,313 shares of the asset manager’s stock worth $110,000 after buying an additional 4,713 shares during the period. Russell Investments Group Ltd. purchased a new position in Ares Management LP Unit in the 3rd quarter worth about $112,000. Finally, Stelac Advisory Services LLC purchased a new position in Ares Management LP Unit in the 3rd quarter worth about $126,000. 39.77% of the stock is currently owned by institutional investors.

Several research firms have recently issued reports on ARES. Zacks Investment Research upgraded shares of Ares Management LP Unit from a “sell” rating to a “hold” rating in a report on Monday, November 5th. ValuEngine upgraded shares of Ares Management LP Unit from a “hold” rating to a “buy” rating in a report on Saturday, November 10th. Morgan Stanley set a $22.00 target price on shares of Ares Management LP Unit and gave the stock a “hold” rating in a report on Wednesday. Oppenheimer set a $28.00 target price on shares of Ares Management LP Unit and gave the stock a “buy” rating in a report on Friday, November 2nd. Finally, JPMorgan Chase & Co. restated a “$21.50” rating and issued a $23.00 target price on shares of Ares Management LP Unit in a report on Monday, July 23rd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $26.38.

ARES stock opened at $22.14 on Thursday. The stock has a market capitalization of $2.21 billion, a P/E ratio of 11.47, a P/E/G ratio of 1.46 and a beta of 1.37. Ares Management LP Unit has a 12 month low of $18.00 and a 12 month high of $25.95. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.41.

Ares Management LP Unit (NYSE:ARES) last posted its quarterly earnings results on Thursday, November 1st. The asset manager reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.08). The company had revenue of $240.78 million during the quarter, compared to analysts’ expectations of $240.75 million. Ares Management LP Unit had a return on equity of 29.05% and a net margin of 7.93%. The company’s quarterly revenue was down 16.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.40 EPS. On average, equities research analysts expect that Ares Management LP Unit will post 1.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Monday, December 17th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend is Friday, December 14th. Ares Management LP Unit’s dividend payout ratio is presently 58.03%.

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Ares Management LP Unit Company Profile

Ares Management, L.P. operates as an alternative asset manager in the United States, Europe, and Asia. The company'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.

See Also: Cash Flow

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