Citadel Advisors LLC grew its holdings in shares of Global Brass and Copper Holdings, Inc. (NYSE:BRSS) by 139.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,688 shares of the industrial products company’s stock after buying an additional 10,314 shares during the quarter. Citadel Advisors LLC owned approximately 0.08% of Global Brass and Copper Holdings worth $541,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. American Century Companies Inc. raised its holdings in shares of Global Brass and Copper Holdings by 21.9% in the 2nd quarter. American Century Companies Inc. now owns 1,002,943 shares of the industrial products company’s stock valued at $30,640,000 after purchasing an additional 180,484 shares during the period. Vanguard Group Inc. raised its holdings in shares of Global Brass and Copper Holdings by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 2,122,515 shares of the industrial products company’s stock valued at $64,843,000 after purchasing an additional 141,301 shares during the period. LSV Asset Management raised its holdings in shares of Global Brass and Copper Holdings by 12.6% in the 2nd quarter. LSV Asset Management now owns 1,024,836 shares of the industrial products company’s stock valued at $31,308,000 after purchasing an additional 114,791 shares during the period. AJO LP raised its holdings in shares of Global Brass and Copper Holdings by 107.0% in the 2nd quarter. AJO LP now owns 168,982 shares of the industrial products company’s stock valued at $5,162,000 after purchasing an additional 87,337 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Global Brass and Copper Holdings by 10.4% in the 2nd quarter. Renaissance Technologies LLC now owns 903,729 shares of the industrial products company’s stock valued at $27,609,000 after purchasing an additional 84,929 shares during the period. 95.61% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Global Brass and Copper Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BidaskClub raised shares of Global Brass and Copper Holdings from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th.

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Shares of Global Brass and Copper Holdings, Inc. (NYSE BRSS) opened at 34.30 on Monday. The stock has a 50 day moving average of $30.99 and a 200-day moving average of $31.70. Global Brass and Copper Holdings, Inc. has a one year low of $22.75 and a one year high of $39.85. The company has a market capitalization of $751.31 million, a PE ratio of 16.81 and a beta of 0.48.

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

In related news, Director Martin E. Welch sold 3,708 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $29.08, for a total transaction of $107,828.64. Following the transaction, the director now directly owns 21,686 shares in the company, valued at $630,628.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.20% of the stock is currently owned by insiders.

Global Brass and Copper Holdings 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 Holdings (NYSE:BRSS)

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