Liberty All-Star Equity Fund (NYSE:USA) was upgraded by analysts at Credit Suisse Group AG from a “neutral” rating to an “outperform” rating in a research report issued on Friday.

Other equities research analysts have also issued research reports about the company. Raymond James Financial Inc. upgraded Liberty All-Star Equity Fund from an “underperform” rating to a “market perform” rating and set a $4.51 target price for the company in a research note on Tuesday, June 28th. Canaccord Genuity began coverage on Liberty All-Star Equity Fund in a research note on Wednesday, August 17th. They issued a “neutral” rating for the company. Jefferies Group upgraded Liberty All-Star Equity Fund from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Thursday, July 14th. Loop Capital assumed coverage on Liberty All-Star Equity Fund in a research note on Tuesday, September 27th. They set a “hold” rating and a $64.00 price objective for the company. Finally, Goldman Sachs Group Inc. assumed coverage on Liberty All-Star Equity Fund in a research note on Wednesday, July 20th. They set a “buy” rating and a $70.00 price objective for the company. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $33.28.

Analyst Recommendations for Liberty All-Star Equity Fund (NYSE:USA)

Shares of Liberty All-Star Equity Fund (NYSE:USA) opened at 5.06 on Friday. The firm has a 50-day moving average price of $5.15 and a 200-day moving average price of $5.08. Liberty All-Star Equity Fund has a 52 week low of $4.26 and a 52 week high of $5.49.

In other Liberty All-Star Equity Fund news, insider John A. Benning sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $5.16, for a total transaction of $25,800.00. Following the transaction, the insider now owns 30,035 shares of the company’s stock, valued at approximately $154,980.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider John A. Benning sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $5.18, for a total value of $51,800.00. Following the transaction, the insider now directly owns 20,035 shares in the company, valued at approximately $103,781.30. The disclosure for this sale can be found here.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USA. Commonwealth Equity Services Inc increased its stake in shares of Liberty All-Star Equity Fund by 11.6% in the second quarter. Commonwealth Equity Services Inc now owns 19,845 shares of the closed-end fund’s stock valued at $100,000 after buying an additional 2,069 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of Liberty All-Star Equity Fund by 2.4% in the second quarter. Stratos Wealth Partners LTD. now owns 20,079 shares of the closed-end fund’s stock valued at $101,000 after buying an additional 465 shares during the period. IFP Advisors Inc increased its stake in shares of Liberty All-Star Equity Fund by 1.9% in the first quarter. IFP Advisors Inc now owns 20,974 shares of the closed-end fund’s stock valued at $104,000 after buying an additional 384 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Liberty All-Star Equity Fund by 2.8% in the second quarter. Bank of New York Mellon Corp now owns 28,432 shares of the closed-end fund’s stock valued at $143,000 after buying an additional 763 shares during the period. Finally, Boothbay Fund Management LLC bought a new stake in shares of Liberty All-Star Equity Fund during the first quarter valued at about $158,000.

Liberty All-Star Equity Fund Company Profile

Liberty All-Star Equity Fund (the Fund) is a diversified, closed-end management investment company. The Fund seeks total investment return comprising long-term capital appreciation and current income through investing primarily in a diversified portfolio of equity securities. The Fund invests in various sectors, including financials, information technology, healthcare, consumer discretionary, consumer staples, industrials, energy, materials, utilities and telecommunication services.

5 Day Chart for NYSE:USA

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