Todays Report: Today, Credit Suisse Group AG Upgrades Liberty All-Star Equity Fund (USA) to “Outperform”

Today, Credit Suisse Group AG Upgrades Liberty All-Star Equity Fund (USA) to “Outperform”

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

A number of other equities research analysts also recently weighed in on USA. Raymond James Financial Inc. raised Liberty All-Star Equity Fund from an “underperform” rating to a “market perform” rating and set a $4.51 price objective on the stock in a report on Tuesday, June 28th. Jefferies Group raised Liberty All-Star Equity Fund from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Thursday, July 14th. Goldman Sachs Group Inc. initiated coverage on Liberty All-Star Equity Fund in a report on Wednesday, July 20th. They set a “buy” rating and a $70.00 price objective on the stock. Morgan Stanley initiated coverage on Liberty All-Star Equity Fund in a report on Tuesday, August 9th. They set an “overweight” rating on the stock. Finally, Canaccord Genuity initiated coverage on Liberty All-Star Equity Fund in a report on Wednesday, August 17th. They set a “neutral” rating on the stock. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $33.28.

Liberty All-Star Equity Fund (NYSE:USA) opened at 5.06 on Friday. The stock’s 50 day moving average price is $5.15 and its 200 day moving average price is $5.08. Liberty All-Star Equity Fund has a 12 month low of $4.26 and a 12 month high of $5.49.

In other Liberty All-Star Equity Fund news, insider John A. Benning sold 5,000 shares of the company’s stock in a transaction 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 can be accessed through this link. Also, insider John A. Benning sold 10,000 shares of the company’s stock in a transaction 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 bought and sold shares of USA. Commonwealth Equity Services Inc increased its position in 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 in the last quarter. Stratos Wealth Partners LTD. increased its position in 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 in the last quarter. IFP Advisors Inc increased its position in 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 in the last quarter. Bank of New York Mellon Corp increased its position in 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 in the last quarter. Finally, Boothbay Fund Management LLC purchased a new position in Liberty All-Star Equity Fund during the first quarter valued at about $158,000.

Liberty All-Star Equity Fund Company Profile

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