Foundry Partners LLC raised its position in shares of Global Brass and Copper Holdings Inc (NYSE:BRSS) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 283,926 shares of the industrial products company’s stock after buying an additional 6,857 shares during the period. Foundry Partners LLC owned about 1.28% of Global Brass and Copper worth $10,477,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Principal Financial Group Inc. bought a new position in Global Brass and Copper in the 1st quarter worth $207,000. A.R.T. Advisors LLC bought a new position in Global Brass and Copper in the 1st quarter worth $211,000. Meeder Asset Management Inc. raised its holdings in Global Brass and Copper by 787.3% in the 2nd quarter. Meeder Asset Management Inc. now owns 7,178 shares of the industrial products company’s stock worth $225,000 after purchasing an additional 6,369 shares in the last quarter. Eqis Capital Management Inc. bought a new position in Global Brass and Copper in the 2nd quarter worth $303,000. Finally, Global X Management Co LLC raised its holdings in Global Brass and Copper by 17.2% in the 2nd quarter. Global X Management Co LLC now owns 10,351 shares of the industrial products company’s stock worth $325,000 after purchasing an additional 1,520 shares in the last quarter. 92.79% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE BRSS opened at $33.55 on Thursday. The company has a debt-to-equity ratio of 1.69, a current ratio of 3.03 and a quick ratio of 1.69. Global Brass and Copper Holdings Inc has a 12 month low of $27.50 and a 12 month high of $39.05. The firm has a market capitalization of $818.22 million, a price-to-earnings ratio of 12.40 and a beta of 0.28.
Several research analysts have commented on BRSS shares. ValuEngine upgraded shares of Global Brass and Copper from a “sell” rating to a “hold” rating in a report on Friday, August 3rd. Zacks Investment Research upgraded shares of Global Brass and Copper from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective for the company in a report on Wednesday, August 22nd.
In related news, insider Kevin W. Bense sold 37,126 shares of the stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $37.72, for a total value of $1,400,392.72. Following the completion of the transaction, the insider now directly owns 53,648 shares in the company, valued at approximately $2,023,602.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.40% of the stock is owned by company insiders.
Global Brass and Copper Profile
Global Brass and Copper Holdings, Inc converts, fabricates, processes, and distributes specialized non-ferrous products in the United States, the Asia Pacific, and Mexico. The company operates in three segments: Olin Brass, Chase Brass, and A.J. Oster. The Olin Brass segment manufactures, fabricates, and converts specialized copper and brass sheets, strips, foils, tubes, and fabricated products; and rerolls and forms other alloys, such as stainless steel, carbon steel, and aluminum.
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