A company insider recently sold 4,770,000 shares of Ares Management Corporation [ARES]. Should You also Consider to Sale?


Ares Management Corporation’s recently made public that its Director Ares Corporate Opportunities F unloaded Company’s shares for reported $124.31 million on Feb 15. In the deal valued at $26.06 per share,4,770,000 shares were sold. As a result of this transaction, Ares Corporate Opportunities F now holds 14,326,090 shares worth roughly $ 1.15 billion.

From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio

The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.

Get our free report, "Top 5 AI Stocks to Buy for 2023".


Then, RESSLER ANTONY P sold 16,879 shares, generating $1,436,740 in total proceeds. Upon selling the shares at $85.12, the Co-Founder & Exec. Chairman now owns 0 shares.

Before that, RESSLER ANTONY P sold 156,477 shares. Ares Management Corporation shares valued at $13,501,269 were divested by the Co-Founder & Exec. Chairman at a price of $86.28 per share. As a result of the transaction, RESSLER ANTONY P now holds 16,879 shares, worth roughly $1.35 million.

BMO Capital Markets downgraded its Ares Management Corporation [ARES] rating to a Market perform from a an Outperform in a research note published on Friday. PT values the company’s stock at a premium of 13.8 to its Friday closing price. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. JMP Securities began covering ARES with “Mkt perform” recommendation on June 08, 2022. Piper Sandler started covering the stock on January 25, 2022. It rated ARES as “an Overweight”.

Price Performance Review of ARES

On Friday, Ares Management Corporation [NYSE:ARES] saw its stock fall -2.20% to $80.17. On the same session, the stock had its day’s lowest price of $79.885, but rose to a high of $80.87. Over the last five days, the stock has lost -3.99%. Ares Management Corporation shares have risen nearly 17.14% since the year began. Nevertheless, the stocks have risen 9.24% over the past one year. While a 52-week high of $87.50 was reached on 02/09/23, a 52-week low of $53.15 was recorded on 01/05/23. SMA at 50 days reached $76.70, while 200 days put it at $71.48. A total of 0.76 million shares were traded, compared to the trading of 0.63 million shares in the previous session.

Levels Of Support And Resistance For ARES Stock

The 24-hour chart illustrates a support level at 79.75, which if violated will result in even more drops to 79.32. On the upside, there is a resistance level at 80.73. A further resistance level may holdings at 81.29. The Relative Strength Index (RSI) on the 14-day chart is 46.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.19%. Stochastics %K at 15.45% indicates the stock is a buying.

How much short interest is there in Ares Management Corporation?

A steep rise in short interest was recorded in Ares Management Corporation stocks on Jan 12, 2023, dropping by 60000.0 shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 3.63 million shares. There was a decline of -1.68%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.47% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.38.

Ares Management Corporation [ARES] – Who Are The Largest Shareholders?

In filings from Wellington Management Co. LLP, it is revealed that the company now owns 19,437,499 shares, or roughly 11.21% of the outstanding ARES shares. In other words, the investor’s shares have fallen by -1,003,934 from its previous 13-F filing of 20441433.0. Additionally, The Vanguard Group, Inc. increased 7.07% of its stake after which the total value it holdings stand at $1,209,152,266. At present, BlackRock Fund Advisors is holding 6,077,252 shares valued at $504.35 million. HMI Capital Management LP owned 3,818,853 shares of the company at the time of its most recent 13F filing, worth $316.93 million.

According to FactSet, Ares Management Corporation’s share price will average $94.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 13.46 percent from its previous closing price of $81.97. Analysts expect Ares Management Corporation stock to reach the higher price of $104.00, while the lowest price estimate is $83.00. However, 15 analysts have rated ARES stock as an Overweight in their predictions for 2023. The most recent change occurred on December 16, 2021 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $96 price target.


Please enter your comment!
Please enter your name here