Ares Management, L.P. (ARES) Forms $20.90 Double Top; Atlantic Trust Group Raised By $11.34 Million Its Semgroup (SEMG) Holding

June 29, 2018 - By Jerrie Dane

Ares Management, L.P. (NYSE:ARES) Logo

Atlantic Trust Group Llc increased Semgroup Corp (SEMG) stake by 17.27% reported in 2018Q1 SEC filing. Atlantic Trust Group Llc acquired 540,016 shares as Semgroup Corp (SEMG)’s stock rose 3.44%. The Atlantic Trust Group Llc holds 3.67 million shares with $78.48 million value, up from 3.13 million last quarter. Semgroup Corp now has $2.02 billion valuation. The stock increased 0.79% or $0.2 during the last trading session, reaching $25.5. About 271,038 shares traded. SemGroup Corporation (NYSE:SEMG) has declined 27.45% since June 29, 2017 and is downtrending. It has underperformed by 40.02% the S&P500. Some Historical SEMG News: 15/05/2018 – Brookfield Asset Management Buys New 4.1% Position in SemGroup; 01/05/2018 – SemGroup Declares Quarterly Dividend; 24/05/2018 – SEMGROUP, DCP CITE DJ BASIN TO MONT BELVIEU NGL PIPELINE; 08/05/2018 – SEMGROUP 1Q REV. $661.6M, EST. $571.5M; 15/03/2018 – SemGroup Corporation Does Not Expect Any Impact from FERC Revised Policy Statement; 24/05/2018 – SEMGROUP CORP – OPEN SEASON WILL BEGIN MAY 24, 2018, AND WILL CONCLUDE JUNE 25, 2018; 08/05/2018 – SEMGROUP CORP QTRLY REVENUES $661.6 MLN VS $456.1 MLN; 15/05/2018 – Tortoise Capital Advisors Exits Position in SemGroup; 07/05/2018 – Semgroup: Project Is Estimated to Cost Between $60M and $66M; 15/05/2018 – SemGroup to Participate in 2018 MLPA Investor Conference

Ares Management, L.P. (ARES) formed double top with $22.36 target or 7.00% above today’s $20.90 share price. Ares Management, L.P. (ARES) has $4.55 billion valuation. The stock decreased 0.24% or $0.05 during the last trading session, reaching $20.9. About 87,200 shares traded. Ares Management, L.P. (NYSE:ARES) has risen 16.94% since June 29, 2017 and is uptrending. It has outperformed by 4.37% the S&P500. Some Historical ARES News: 28/05/2018 – ARES ASIA EXPECTS FY NET LOSS VS PROFIT YEAR EARLIER; 10/05/2018 – Moody’s Assigns Provisional Ratings To Two Classes Of Notes To Be Issued By Ares Xxxir Clo Ltd; 13/03/2018 – Moody’s Assigns Ratings To Seven Classes Of Clo Refinancing Notes Issued By Ares Xxxviii Clo Ltd; 07/05/2018 – Ares Management’s Credit Group Highlights First Quarter Financing Commitments; 17/04/2018 – ARES EIF TO BUY MAJORITY STAKE IN CONTI SOLAR; 25/05/2018 – Ares Management Presenting at Conference May 31; 04/05/2018 – REG-Oaktree Oaktree Releases an Open Letter to Ranger Shareholders following Proposal from RDL Board to Appoint Ares as Investment Manager; 10/05/2018 – EPIC MIDSTREAM HOLDINGS – APACHE CORP & NOBLE ENERGY TO ANCHOR EPIC CRUDE OIL PIPELINE, ANTICIPATED TO BE ONLINE IN SECOND HALF OF 2019; 04/05/2018 – Oaktree Releases an Open Letter to Ranger Shareholders following Proposal from RDL Board to Appoint Ares as Investment Manager; 23/04/2018 – DJ Ares Management LP, Inst Holders, 1Q 2018 (ARES)

Since February 27, 2018, it had 1 insider purchase, and 0 selling transactions for $227,250 activity. Shares for $227,250 were bought by MCADAM WILLIAM J.

Among 11 analysts covering Semgroup (NYSE:SEMG), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. Semgroup had 11 analyst reports since January 4, 2018 according to SRatingsIntel. The company was initiated on Tuesday, June 12 by BMO Capital Markets. Wells Fargo downgraded SemGroup Corporation (NYSE:SEMG) on Monday, June 11 to “Market Perform” rating. Morgan Stanley maintained the shares of SEMG in report on Friday, April 6 with “Equal-Weight” rating. Barclays Capital maintained SemGroup Corporation (NYSE:SEMG) on Tuesday, April 17 with “Equal-Weight” rating. The firm has “Neutral” rating given on Wednesday, February 28 by Citigroup. The rating was maintained by RBC Capital Markets on Tuesday, January 16 with “Buy”. Goldman Sachs downgraded SemGroup Corporation (NYSE:SEMG) on Friday, January 5 to “Hold” rating. The company was downgraded on Friday, June 22 by Capital One. The stock has “Buy” rating by SunTrust on Tuesday, February 27. UBS maintained the stock with “Buy” rating in Friday, March 2 report.

Investors sentiment decreased to 1.15 in 2018 Q1. Its down 0.29, from 1.44 in 2017Q4. It worsened, as 19 investors sold SEMG shares while 40 reduced holdings. 15 funds opened positions while 53 raised stakes. 81.36 million shares or 0.81% less from 82.02 million shares in 2017Q4 were reported. Fort Washington Invest Advsrs Oh has 0.06% invested in SemGroup Corporation (NYSE:SEMG). Rhumbline Advisers owns 68,708 shares. State Street, a Massachusetts-based fund reported 1.47M shares. Amp Capital Invsts Limited has invested 0% of its portfolio in SemGroup Corporation (NYSE:SEMG). Ballentine Prtnrs Limited Liability Corp reported 0.03% in SemGroup Corporation (NYSE:SEMG). Sei Investments owns 59,113 shares or 0% of their US portfolio. Schwab Charles Inv Mgmt stated it has 489,561 shares or 0.01% of all its holdings. Pinnacle Ltd Company stated it has 0% in SemGroup Corporation (NYSE:SEMG). Clearbridge Investments Ltd Com stated it has 0.05% in SemGroup Corporation (NYSE:SEMG). New York State Common Retirement Fund owns 72,200 shares for 0% of their portfolio. Guggenheim Capital Ltd Company has 184,253 shares. Morgan Stanley, New York-based fund reported 298,234 shares. Canada Pension Plan Inv Board invested 0% of its portfolio in SemGroup Corporation (NYSE:SEMG). Voya Investment Ltd Llc owns 0% invested in SemGroup Corporation (NYSE:SEMG) for 29,832 shares. Regions Financial Corp invested in 0% or 500 shares.

Atlantic Trust Group Llc decreased Packaging Corp Amer (NYSE:PKG) stake by 10,012 shares to 36 valued at $4,000 in 2018Q1. It also reduced Cvs Health Corp (NYSE:CVS) stake by 134,215 shares and now owns 1.22M shares. Vanguard Index Fds (VOO) was reduced too.

More recent SemGroup Corporation (NYSE:SEMG) news were published by: Globenewswire.com which released: “SemGroup Refinances HFOTCO Term Loans, Reducing Interest Rate and Extending Maturity” on June 26, 2018. Also Twst.com published the news titled: “SemGroup Corporation: SemGroup Refinances HFOTCO Term Loans, Reducing Interest Rate and Extending Maturity” on June 26, 2018. Streetinsider.com‘s news article titled: “Wells Fargo Downgrades SemGroup (SEMG) to Market Perform” with publication date: June 11, 2018 was also an interesting one.

Among 7 analysts covering Ares Management (NYSE:ARES), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Ares Management has $33.0 highest and $24 lowest target. $28.33’s average target is 35.55% above currents $20.9 stock price. Ares Management had 10 analyst reports since January 10, 2018 according to SRatingsIntel. As per Friday, February 16, the company rating was maintained by SunTrust. RBC Capital Markets maintained the shares of ARES in report on Thursday, February 15 with “Buy” rating. Morgan Stanley maintained Ares Management, L.P. (NYSE:ARES) on Thursday, March 1 with “Equal-Weight” rating. The firm earned “Buy” rating on Wednesday, April 11 by Keefe Bruyette & Woods. The stock of Ares Management, L.P. (NYSE:ARES) has “Buy” rating given on Wednesday, January 10 by Credit Suisse. Credit Suisse maintained Ares Management, L.P. (NYSE:ARES) on Friday, March 9 with “Outperform” rating. The stock of Ares Management, L.P. (NYSE:ARES) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, January 10. The rating was maintained by Keefe Bruyette & Woods on Thursday, February 15 with “Buy”. The stock of Ares Management, L.P. (NYSE:ARES) has “Market Perform” rating given on Friday, February 16 by Wells Fargo.

Investors sentiment increased to 4.18 in 2018 Q1. Its up 2.47, from 1.71 in 2017Q4. It is positive, as 2 investors sold Ares Management, L.P. shares while 9 reduced holdings. 32 funds opened positions while 14 raised stakes. 68.32 million shares or 444.65% more from 12.54 million shares in 2017Q4 were reported. Royal Bank & Trust Of Canada reported 38,451 shares or 0% of all its holdings. Moreover, Gru One Trading Lp has 0% invested in Ares Management, L.P. (NYSE:ARES). Renaissance Tech stated it has 62,707 shares or 0% of all its holdings. Wasatch Advisors has 0.01% invested in Ares Management, L.P. (NYSE:ARES). Point72 Asset Mgmt Lp has 166,900 shares. Janney Montgomery Scott Limited Liability Co owns 24,600 shares. Raymond James & Associates, a Florida-based fund reported 21,357 shares. Barclays Pcl holds 0% or 6,865 shares. Bank Of America Corporation De stated it has 51,248 shares or 0% of all its holdings. Moreover, Capital Investors has 0.02% invested in Ares Management, L.P. (NYSE:ARES) for 4.41M shares. Alpine Glob Mngmt accumulated 25,000 shares. Amer Century Cos Incorporated reported 1.46M shares or 0.03% of all its holdings. Advisory Net Lc invested 0% of its portfolio in Ares Management, L.P. (NYSE:ARES). Fsi Gru Ltd Liability reported 4.71% stake. Alliancebernstein L P stated it has 0% of its portfolio in Ares Management, L.P. (NYSE:ARES).

SemGroup Corporation (NYSE:SEMG) Institutional Positions Chart