Renaissance Technologies LLC raised its holdings in Global Brass and Copper Holdings, Inc. (NYSE:BRSS) by 10.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 903,729 shares of the industrial products company’s stock after buying an additional 84,929 shares during the quarter. Renaissance Technologies LLC owned approximately 4.13% of Global Brass and Copper Holdings worth $27,609,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Summit Global Investments grew its holdings in Global Brass and Copper Holdings by 4.6% in the 2nd quarter. Summit Global Investments now owns 15,800 shares of the industrial products company’s stock valued at $483,000 after buying an additional 700 shares during the period. Rhumbline Advisers grew its holdings in shares of Global Brass and Copper Holdings by 3.3% during the 2nd quarter. Rhumbline Advisers now owns 23,813 shares of the industrial products company’s stock worth $727,000 after purchasing an additional 765 shares during the period. American International Group Inc. grew its holdings in shares of Global Brass and Copper Holdings by 7.1% during the 1st quarter. American International Group Inc. now owns 13,011 shares of the industrial products company’s stock worth $448,000 after purchasing an additional 863 shares during the period. Teachers Advisors LLC grew its holdings in shares of Global Brass and Copper Holdings by 0.9% during the 1st quarter. Teachers Advisors LLC now owns 104,404 shares of the industrial products company’s stock worth $3,591,000 after purchasing an additional 904 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Global Brass and Copper Holdings by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 224,510 shares of the industrial products company’s stock worth $6,859,000 after purchasing an additional 1,060 shares during the period. Institutional investors own 95.61% of the company’s stock.

In other news, Director Martin E. Welch sold 3,708 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $29.08, for a total transaction of $107,828.64. Following the transaction, the director now owns 21,686 shares of the company’s stock, valued at approximately $630,628.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.20% of the company’s stock.

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Global Brass and Copper Holdings, Inc. (NYSE:BRSS) opened at 34.30 on Friday. The firm has a 50-day moving average price of $30.99 and a 200-day moving average price of $31.70. Global Brass and Copper Holdings, Inc. has a 12-month low of $22.75 and a 12-month high of $39.85. The stock has a market cap of $751.31 million, a PE ratio of 16.81 and a beta of 0.48.

Global Brass and Copper Holdings (NYSE:BRSS) last posted its quarterly earnings results on Wednesday, August 2nd. The industrial products company reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.03. The company had revenue of $377.40 million during the quarter, compared to the consensus estimate of $398.45 million. Global Brass and Copper Holdings had a return on equity of 55.01% and a net margin of 3.10%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. Analysts forecast that Global Brass and Copper Holdings, Inc. will post $2.66 EPS for the current fiscal year.

A number of analysts have recently issued reports on the company. Zacks Investment Research cut Global Brass and Copper Holdings from a “hold” rating to a “sell” rating in a report on Wednesday. BidaskClub upgraded Global Brass and Copper Holdings from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th.

Global Brass and Copper Holdings 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.

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

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