SG Americas Securities LLC Takes $160,000 Position in Global Brass and Copper Holdings Inc (BRSS)

SG Americas Securities LLC purchased a new position in Global Brass and Copper Holdings Inc (NYSE:BRSS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,728 shares of the industrial products company’s stock, valued at approximately $160,000.

A number of other hedge funds have also recently modified their holdings of the stock. Tudor Investment Corp ET AL grew its stake in shares of Global Brass and Copper by 2.5% in the second quarter. Tudor Investment Corp ET AL now owns 12,742 shares of the industrial products company’s stock worth $389,000 after acquiring an additional 316 shares during the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Global Brass and Copper by 0.3% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 161,974 shares of the industrial products company’s stock worth $4,947,000 after acquiring an additional 500 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Global Brass and Copper by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 16,894 shares of the industrial products company’s stock worth $516,000 after acquiring an additional 645 shares during the last quarter. Summit Global Investments grew its stake in shares of Global Brass and Copper by 4.6% in the second quarter. Summit Global Investments now owns 15,800 shares of the industrial products company’s stock worth $483,000 after acquiring an additional 700 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Global Brass and Copper by 3.3% in the second quarter. Rhumbline Advisers now owns 23,813 shares of the industrial products company’s stock worth $727,000 after acquiring an additional 765 shares during the last quarter. 94.92% of the stock is currently owned by institutional investors.

Shares of Global Brass and Copper Holdings Inc (NYSE BRSS) opened at $32.55 on Wednesday. The company has a current ratio of 3.26, a quick ratio of 2.00 and a debt-to-equity ratio of 2.19. Global Brass and Copper Holdings Inc has a 12-month low of $28.10 and a 12-month high of $39.85. The company has a market capitalization of $728.30, a price-to-earnings ratio of 13.51 and a beta of 0.47.

Global Brass and Copper (NYSE:BRSS) last released its quarterly earnings data on Thursday, November 2nd. The industrial products company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.63 by $0.01. Global Brass and Copper had a return on equity of 47.75% and a net margin of 3.61%. The company had revenue of $378.60 million for the quarter, compared to analysts’ expectations of $376.00 million. During the same period last year, the firm posted $0.81 earnings per share. Global Brass and Copper’s revenue was up 8.5% compared to the same quarter last year. research analysts predict that Global Brass and Copper Holdings Inc will post 2.47 EPS for the current fiscal year.

BRSS has been the topic of a number of recent research reports. BidaskClub raised Global Brass and Copper from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 28th. Zacks Investment Research cut Global Brass and Copper from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, ValuEngine cut Global Brass and Copper from a “buy” rating to a “hold” rating in a research note on Saturday, November 4th.

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Global Brass and Copper Company Profile

Global Brass and Copper Holdings, Inc is a converter, fabricator, processor and distributor of specialized non-ferrous products, including a range of sheet, strip, foil, rod, tube and fabricated metal component products. The Company operates through three segments: Olin Brass, Chase Brass and A.J. Oster.

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Institutional Ownership by Quarter for Global Brass and Copper (NYSE:BRSS)

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