Global Brass and Copper Holdings, Inc. (NYSE:BRSS) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. decreased its holdings in shares of Global Brass and Copper Holdings, Inc. (NYSE:BRSS) by 20.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,350 shares of the industrial products company’s stock after selling 29,030 shares during the quarter. Alliancebernstein L.P. owned approximately 0.52% of Global Brass and Copper Holdings worth $3,463,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Global Brass and Copper Holdings by 1.6% during the first quarter. Vanguard Group Inc. now owns 1,981,214 shares of the industrial products company’s stock worth $68,154,000 after purchasing an additional 31,610 shares during the last quarter. LSV Asset Management increased its position in Global Brass and Copper Holdings by 12.6% during the second quarter. LSV Asset Management now owns 1,024,836 shares of the industrial products company’s stock worth $31,308,000 after buying an additional 114,791 shares during the period. American Century Companies Inc. increased its position in Global Brass and Copper Holdings by 21.9% during the second quarter. American Century Companies Inc. now owns 1,002,943 shares of the industrial products company’s stock worth $30,640,000 after buying an additional 180,484 shares during the period. JPMorgan Chase & Co. increased its position in Global Brass and Copper Holdings by 5.2% during the second quarter. JPMorgan Chase & Co. now owns 951,048 shares of the industrial products company’s stock worth $29,055,000 after buying an additional 46,827 shares during the period. Finally, Renaissance Technologies LLC increased its position in Global Brass and Copper Holdings by 8.2% during the first quarter. Renaissance Technologies LLC now owns 818,800 shares of the industrial products company’s stock worth $28,167,000 after buying an additional 61,900 shares during the period. Hedge funds and other institutional investors own 95.64% of the company’s stock.

In other Global Brass and Copper Holdings news, Director Martin E. Welch sold 3,708 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $29.08, for a total transaction of $107,828.64. Following the completion of the sale, the director now owns 21,686 shares in the company, valued at approximately $630,628.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.20% of the company’s stock.

A number of brokerages recently weighed in on BRSS. BidaskClub raised Global Brass and Copper Holdings from a “strong sell” rating to a “sell” rating in a report on Thursday, September 28th. Zacks Investment Research lowered Global Brass and Copper Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th.

Shares of Global Brass and Copper Holdings, Inc. (NYSE BRSS) opened at 34.60 on Tuesday. The stock has a market capitalization of $757.88 million, a P/E ratio of 16.95 and a beta of 0.48. Global Brass and Copper Holdings, Inc. has a 52-week low of $22.75 and a 52-week high of $39.85. The firm’s 50-day moving average price is $31.87 and its 200-day moving average price is $31.62.

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

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About Global Brass and Copper Holdings

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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