$0.41 EPS Expected for Ares Management, L.P. (ARES); Magnachip Semiconductor (MX) Shorts Lowered By 6.56%

February 18, 2018 - By Marguerite Chambers

Analysts expect Ares Management, L.P. (NYSE:ARES) to report $0.41 EPS on February, 23.They anticipate $0.03 EPS change or 6.82% from last quarter’s $0.44 EPS. ARES’s profit would be $87.18M giving it 14.66 P/E if the $0.41 EPS is correct. After having $0.40 EPS previously, Ares Management, L.P.’s analysts see 2.50% EPS growth. The stock decreased 1.64% or $0.4 during the last trading session, reaching $24.05. About 184,792 shares traded or 34.48% up from the average. Ares Management, L.P. (NYSE:ARES) has risen 31.82% since February 18, 2017 and is uptrending. It has outperformed by 15.12% the S&P500.

Magnachip Semiconductor Corporation (NYSE:MX) had a decrease of 6.56% in short interest. MX’s SI was 2.94 million shares in February as released by FINRA. Its down 6.56% from 3.15 million shares previously. With 360,800 avg volume, 8 days are for Magnachip Semiconductor Corporation (NYSE:MX)’s short sellers to cover MX’s short positions. The SI to Magnachip Semiconductor Corporation’s float is 15.54%. The stock decreased 2.07% or $0.2 during the last trading session, reaching $9.45. About 490,755 shares traded. MagnaChip Semiconductor Corporation (NYSE:MX) has risen 76.77% since February 18, 2017 and is uptrending. It has outperformed by 60.07% the S&P500.

Since January 24, 2018, it had 0 insider purchases, and 3 insider sales for $4.17 million activity. Brigade Leveraged Capital Structures Offshore Ltd sold $1.93 million worth of stock or 149,000 shares. The insider Brigade Leveraged Capital Structures Fund Ltd. sold $322,499.

MagnaChip Semiconductor Corporation designs, makes, and sells analog and mixed-signal semiconductor products for consumer, computing, communication, industrial, automotive, and Internet of Things applications worldwide. The company has market cap of $323.09 million. The firm operates through two divisions, Foundry Services Group, and Standard Products Group. It currently has negative earnings. It provides display solutions, including source and gate drivers and timing controllers that cover a wide range of flat panel displays used in ultra-high definition , high definition (HD), light emitting diode (LED), 3D and OLED televisions and displays, notebooks, and mobile communications and entertainment devices.

Among 5 analysts covering MagnaChip Semi (NYSE:MX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. MagnaChip Semi has $1500 highest and $5 lowest target. $11.25’s average target is 19.05% above currents $9.45 stock price. MagnaChip Semi had 15 analyst reports since August 7, 2015 according to SRatingsIntel. Needham maintained the stock with “Buy” rating in Friday, August 4 report. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) earned “Buy” rating by Needham on Thursday, July 13. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) earned “Buy” rating by Roth Capital on Wednesday, June 14. On Thursday, February 18 the stock rating was maintained by Topeka Capital Markets with “Buy”. The firm earned “Buy” rating on Friday, January 13 by Needham. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) earned “Buy” rating by Roth Capital on Wednesday, August 9. The rating was initiated by Roth Capital with “Buy” on Thursday, September 29. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) earned “Neutral” rating by Citigroup on Wednesday, May 10. TH Capital initiated MagnaChip Semiconductor Corporation (NYSE:MX) on Thursday, September 29 with “Buy” rating. Citigroup maintained it with “Neutral” rating and $11 target in Monday, August 7 report.

Investors sentiment increased to 1.17 in Q3 2017. Its up 0.17, from 1 in 2017Q2. It improved, as 9 investors sold MagnaChip Semiconductor Corporation shares while 20 reduced holdings. 19 funds opened positions while 15 raised stakes. 23.94 million shares or 10.33% less from 26.70 million shares in 2017Q2 were reported. Goldman Sachs Gp holds 12,540 shares. Partners Limited Liability Company holds 0.05% or 134,800 shares. State Street invested in 0% or 40,528 shares. Point72 Asset Mngmt L P has invested 0.02% in MagnaChip Semiconductor Corporation (NYSE:MX). 494,455 were reported by Dimensional Fund L P. Moreover, Springowl Assocs Lc has 1.03% invested in MagnaChip Semiconductor Corporation (NYSE:MX) for 136,382 shares. Columbus Circle Invsts reported 0.02% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX). California Employees Retirement Systems accumulated 104,403 shares. Granite Point Cap Mgmt Lp accumulated 60,781 shares. Morgan Stanley holds 0% or 1.39M shares in its portfolio. The Pennsylvania-based Federated Investors Pa has invested 0% in MagnaChip Semiconductor Corporation (NYSE:MX). North Run Cap L P accumulated 6.6% or 1.24M shares. Boothbay Fund Mgmt Lc has 0.11% invested in MagnaChip Semiconductor Corporation (NYSE:MX). Fmr Ltd Company has invested 0% in MagnaChip Semiconductor Corporation (NYSE:MX). Moreover, Menta Cap Limited Liability Co has 0.06% invested in MagnaChip Semiconductor Corporation (NYSE:MX).

Ares Management, L.P. operates as an alternative asset manager in the United States, Europe, and Asia. The company has market cap of $5.11 billion. 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. It has a 42.49 P/E ratio. The Company’s Direct Lending Group segment provides financing solutions to small-to-medium sized companies.

Among 11 analysts covering Ares Management (NYSE:ARES), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. Ares Management has $33.0 highest and $14 lowest target. $23.30’s average target is -3.12% below currents $24.05 stock price. Ares Management had 35 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, March 14 by Credit Suisse. The rating was upgraded by Credit Suisse on Thursday, May 11 to “Outperform”. Wood maintained Ares Management, L.P. (NYSE:ARES) on Friday, April 7 with “Outperform” rating. Keefe Bruyette & Woods maintained the stock with “Outperform” rating in Friday, May 13 report. Wells Fargo reinitiated Ares Management, L.P. (NYSE:ARES) on Wednesday, December 21 with “Outperform” rating. The rating was initiated by RBC Capital Markets with “Outperform” on Friday, June 30. The firm has “Market Perform” rating given on Friday, February 16 by Wells Fargo. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, February 15 report. The rating was maintained by Keefe Bruyette & Woods on Wednesday, June 14 with “Buy”. The company was maintained on Monday, September 4 by Keefe Bruyette & Woods.

Investors sentiment decreased to 1.27 in Q3 2017. Its down 0.29, from 1.56 in 2017Q2. It turned negative, as 5 investors sold Ares Management, L.P. shares while 10 reduced holdings. 5 funds opened positions while 14 raised stakes. 11.98 million shares or 4.64% more from 11.45 million shares in 2017Q2 were reported. Barclays Public Limited Co reported 0% of its portfolio in Ares Management, L.P. (NYSE:ARES). New York-based Citigroup has invested 0% in Ares Management, L.P. (NYSE:ARES). Susquehanna Grp Limited Liability Partnership reported 39,973 shares or 0% of all its holdings. Fmr Limited Liability Company accumulated 0% or 506,713 shares. Clinton Gp holds 0.03% of its portfolio in Ares Management, L.P. (NYSE:ARES) for 14,155 shares. Manufacturers Life Insur Company The accumulated 2,484 shares or 0% of the stock. Stifel Fincl Corp holds 0% in Ares Management, L.P. (NYSE:ARES) or 14,850 shares. Amer Century Inc holds 1.21 million shares. Capital World has 1.28M shares. Moreover, Financial Bank Of America Corp De has 0% invested in Ares Management, L.P. (NYSE:ARES) for 42,009 shares. Dreman Value Mgmt L L C has 14,897 shares for 0.15% of their portfolio. Macquarie Gp Ltd, a Australia-based fund reported 21,800 shares. Gsa Cap Prtn Llp holds 46,000 shares or 0.06% of its portfolio. Wells Fargo & Mn accumulated 626,996 shares. Illinois-based One Trading Ltd Partnership has invested 0% in Ares Management, L.P. (NYSE:ARES).

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