Loop Capital covered Liberty All-Star Equity Fund (NYSE:USA), bumping its target to $64.00 today
- Updated: September 27, 2016
Boasting a price of $5.13, Liberty All-Star Equity Fund (NYSE:USA) traded 0.48% higher on the day. With the last stock price close up 1.56% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Liberty All-Star Equity Fund has recorded a 50-day average of $5.16 and a two hundred day average of $5.06. Trade Volume was down over the average, with 195,089 shares of USA changing hands under the typical 475,430
In a statement issued on Tuesday September 27, 2016 Loop Capital raised the target price of Liberty All-Star Equity Fund (NYSE:USA) to $64.00 stating a potential upside of 11.48%.
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Liberty All-Star Equity Fund has a 52 week low of $4.26 and a 52 week high of $5.49 The company’s market cap is currently $0.
General Information About Liberty All-Star Equity Fund (NYSE:USA)
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. The Fund's investment advisor is ALPS Advisors, Inc. (AAI). Its investment managers include Cornerstone Capital Management LLC (Cornerstone), Aristotle Capital Management, LLC., Pzena Investment Management, LLC (Pzena), and TCW Investment Management Company (TCW). Schneider Capital Management Corporation (Schneider) is the Fund's portfolio manager.
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