BlackRock LT Municipal Advantage Trust (BTA) Given Neutral Rating at Goldman Sachs Group, Inc. (The)

BlackRock LT Municipal Advantage Trust (NYSE:BTA)‘s stock had its “neutral” rating restated by equities researchers at Goldman Sachs Group, Inc. (The) in a report released on Wednesday.

BTA has been the subject of a number of other research reports. BNP Paribas downgraded shares of BlackRock LT Municipal Advantage Trust to an “underperform” rating and set a GBX 260 ($3.36) price objective for the company. in a report on Thursday, May 25th. Jefferies Group LLC reduced their target price on shares of BlackRock LT Municipal Advantage Trust from GBX 325 ($4.20) to GBX 280 ($3.62) and set a “hold” rating for the company in a research note on Wednesday, May 31st. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 265 ($3.42) target price on shares of BlackRock LT Municipal Advantage Trust in a research note on Monday, July 24th. Berenberg Bank reduced their target price on shares of BlackRock LT Municipal Advantage Trust from GBX 343 ($4.43) to GBX 325 ($4.20) and set a “hold” rating for the company in a research note on Monday, June 12th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 390 ($5.04) target price on shares of BlackRock LT Municipal Advantage Trust in a research note on Monday, August 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $360.71.

BlackRock LT Municipal Advantage Trust (BTA) opened at 12.43 on Wednesday. The company has a 50-day moving average of $12.10 and a 200-day moving average of $11.79. BlackRock LT Municipal Advantage Trust has a 52 week low of $10.73 and a 52 week high of $12.87.

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A number of large investors have recently modified their holdings of the stock. Raymond James Financial Services Advisors Inc. grew its stake in BlackRock LT Municipal Advantage Trust by 7.6% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 42,323 shares of the financial services provider’s stock valued at $499,000 after acquiring an additional 2,976 shares in the last quarter. First Allied Advisory Services Inc. purchased a new position in BlackRock LT Municipal Advantage Trust during the second quarter valued at approximately $156,000. Van ECK Associates Corp grew its stake in BlackRock LT Municipal Advantage Trust by 14.6% during the second quarter. Van ECK Associates Corp now owns 33,037 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 4,214 shares in the last quarter. Laurion Capital Management LP purchased a new position in BlackRock LT Municipal Advantage Trust during the second quarter valued at approximately $366,000. Finally, Ameriprise Financial Inc. grew its stake in BlackRock LT Municipal Advantage Trust by 19.1% during the second quarter. Ameriprise Financial Inc. now owns 13,801 shares of the financial services provider’s stock valued at $163,000 after acquiring an additional 2,209 shares in the last quarter.

About BlackRock LT Municipal Advantage Trust

BlackRock Long-Term Municipal Advantage Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust’s investment objective is to provide current income exempt from regular federal income tax. The Trust seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its assets in municipal obligations and derivative instruments with exposure to such municipal obligations, in each case that are exempt from federal income tax (except that the interest may be subject to the federal alternative minimum tax).

Analyst Recommendations for BlackRock LT Municipal Advantage Trust (NYSE:BTA)

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