As Ares Commercial Real Estate (Acre) (ACRE) Share Price Declined, Camelot Portfolios Decreased Its Holding by $307,872; As Liberty Global Plc (LBTYK) Share Value Declined, Shareholder Macquarie Group LTD Has Raised Stake

May 27, 2018 - By Adrian Mccoy

Liberty Global plc (NASDAQ:LBTYK) Logo

Camelot Portfolios Llc decreased its stake in Ares Commercial Real Estate Corp (Acre) (ACRE) by 30.77% based on its latest 2017Q4 regulatory filing with the SEC. Camelot Portfolios Llc sold 25,656 shares as the company’s stock declined 6.44% with the market. The institutional investor held 57,717 shares of the real estate investment trusts company at the end of 2017Q4, valued at $745,000, down from 83,373 at the end of the previous reported quarter. Camelot Portfolios Llc who had been investing in Ares Commercial Real Estate Corp (Acre) for a number of months, seems to be less bullish one the $389.70M market cap company. The stock decreased 0.15% or $0.02 during the last trading session, reaching $13.68. About 62,914 shares traded. Ares Commercial Real Estate Corporation (NYSE:ACRE) has declined 5.74% since May 27, 2017 and is downtrending. It has underperformed by 17.29% the S&P500.

Macquarie Group Ltd increased its stake in Liberty Global Plc (LBTYK) by 11.95% based on its latest 2017Q4 regulatory filing with the SEC. Macquarie Group Ltd bought 470,942 shares as the company’s stock declined 7.44% with the market. The institutional investor held 4.41 million shares of the television services company at the end of 2017Q4, valued at $149.16M, up from 3.94 million at the end of the previous reported quarter. Macquarie Group Ltd who had been investing in Liberty Global Plc for a number of months, seems to be bullish on the $22.35 billion market cap company. The stock decreased 0.43% or $0.12 during the last trading session, reaching $27.8. About 3.11M shares traded. Liberty Global plc (NASDAQ:LBTYK) has declined 10.09% since May 27, 2017 and is downtrending. It has underperformed by 21.64% the S&P500.

Camelot Portfolios Llc, which manages about $349.26M and $211.58 million US Long portfolio, upped its stake in Guggenheim Bulletshrs 2020 Hy Corpbd Etf (Bsjk) (BSJK) by 23,735 shares to 63,542 shares, valued at $1.56M in 2017Q4, according to the filing. It also increased its holding in Guggenheim Bulletshrs 2022 Hy Corpbd Etf (Bsjm) (BSJM) by 16,457 shares in the quarter, for a total of 45,030 shares, and has risen its stake in Guggenheim Bulletshrs 2018 Hy Corpbd Etf (Bsji) (BSJI).

Among 7 analysts covering Ares Commercial Real Estate (NYSE:ACRE), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Ares Commercial Real Estate had 17 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Buy” rating by FBR Capital on Tuesday, January 9. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, October 6 report. Keefe Bruyette & Woods maintained Ares Commercial Real Estate Corporation (NYSE:ACRE) rating on Friday, August 5. Keefe Bruyette & Woods has “Market Perform” rating and $13 target. The company was maintained on Tuesday, November 22 by FBR Capital. The stock has “Buy” rating by Citigroup on Thursday, August 11. The firm earned “Market Outperform” rating on Monday, August 7 by JMP Securities. Keefe Bruyette & Woods maintained Ares Commercial Real Estate Corporation (NYSE:ACRE) rating on Friday, March 2. Keefe Bruyette & Woods has “Hold” rating and $13.0 target. The firm earned “Hold” rating on Wednesday, June 7 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained it with “Hold” rating and $13.75 target in Thursday, August 17 report. The firm has “Hold” rating by Bank of America given on Wednesday, May 23.

More news for Ares Commercial Real Estate Corporation (NYSE:ACRE) were recently published by: Stockhouse.com, which released: “Ares Commercial Real Estate Corporation to Present on a Panel at the Keefe, Bruyette & Woods 2018 Mortgage …” on May 23, 2018. Globenewswire.com‘s article titled: “Market Trends Toward New Normal in Cohen & Steers, Achaogen, Ares Commercial Real Estate, CONMED, Marcus …” and published on May 02, 2018 is yet another important article.

Investors sentiment decreased to 1.25 in 2017 Q4. Its down 0.12, from 1.37 in 2017Q3. It turned negative, as 10 investors sold ACRE shares while 34 reduced holdings. 21 funds opened positions while 34 raised stakes. 17.98 million shares or 2.15% more from 17.60 million shares in 2017Q3 were reported. 123,295 were accumulated by D E Shaw. Deutsche Comml Bank Ag, Germany-based fund reported 72,422 shares. Rhumbline Advisers holds 0% or 25,271 shares. Invesco Ltd stated it has 84,103 shares or 0% of all its holdings. 8,110 are held by Citigroup Incorporated. Blackrock accumulated 2.65M shares. Strs Ohio has invested 0% in Ares Commercial Real Estate Corporation (NYSE:ACRE). Joel Isaacson & Limited Com stated it has 85,955 shares. Arete Wealth Advsr Limited Liability stated it has 0.15% in Ares Commercial Real Estate Corporation (NYSE:ACRE). Geode Ltd Liability Corp holds 234,883 shares or 0% of its portfolio. Clear Harbor Asset Management Lc owns 174,072 shares. Suntrust Banks owns 12,286 shares. Advisors Capital Mngmt Limited Liability Corporation invested 0.27% in Ares Commercial Real Estate Corporation (NYSE:ACRE). Bank & Trust Of America Corporation De accumulated 349,519 shares. 1.25M are owned by Vanguard Inc.

Analysts await Ares Commercial Real Estate Corporation (NYSE:ACRE) to report earnings on August, 2. They expect $0.33 EPS, up 37.50% or $0.09 from last year’s $0.24 per share. ACRE’s profit will be $9.40M for 10.36 P/E if the $0.33 EPS becomes a reality. After $0.33 actual EPS reported by Ares Commercial Real Estate Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since March 7, 2018, it had 1 buying transaction, and 0 selling transactions for $156,701 activity.

Macquarie Group Ltd, which manages about $56.56B US Long portfolio, decreased its stake in Mgm Resorts International (NYSE:MGM) by 20,502 shares to 196,407 shares, valued at $8.24M in 2017Q4, according to the filing. It also reduced its holding in Dollar Gen Corp New (NYSE:DG) by 30,454 shares in the quarter, leaving it with 1.25 million shares, and cut its stake in Capital One Finl Corp (NYSE:COF).

Ares Commercial Real Estate Corporation (NYSE:ACRE) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: