6,183 Shares in Global Brass and Copper Holdings Inc (NYSE:BRSS) Bought by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System purchased a new stake in shares of Global Brass and Copper Holdings Inc (NYSE:BRSS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,183 shares of the industrial products company’s stock, valued at approximately $213,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its holdings in shares of Global Brass and Copper by 28.0% in the 4th quarter. American Century Companies Inc. now owns 1,105,193 shares of the industrial products company’s stock worth $27,796,000 after purchasing an additional 241,881 shares during the period. FMR LLC boosted its holdings in shares of Global Brass and Copper by 51.8% in the 4th quarter. FMR LLC now owns 587,556 shares of the industrial products company’s stock worth $14,777,000 after purchasing an additional 200,508 shares during the period. Thrivent Financial for Lutherans purchased a new position in shares of Global Brass and Copper in the 4th quarter worth approximately $3,213,000. Assenagon Asset Management S.A. purchased a new position in shares of Global Brass and Copper in the 1st quarter worth approximately $2,954,000. Finally, Municipal Employees Retirement System of Michigan purchased a new position in shares of Global Brass and Copper in the 4th quarter worth approximately $805,000. Institutional investors and hedge funds own 94.65% of the company’s stock.

Shares of Global Brass and Copper stock traded up $0.03 on Friday, reaching $43.73. The company had a trading volume of 255,979 shares, compared to its average volume of 222,083. Global Brass and Copper Holdings Inc has a 1 year low of $24.06 and a 1 year high of $44.08. The company has a current ratio of 3.27, a quick ratio of 1.97 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $959.87 million, a price-to-earnings ratio of 14.02 and a beta of 1.13. The firm’s 50-day simple moving average is $43.49.

Global Brass and Copper (NYSE:BRSS) last issued its quarterly earnings results on Thursday, May 2nd. The industrial products company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.80 by ($0.14). Global Brass and Copper had a return on equity of 34.25% and a net margin of 3.50%. The business had revenue of $430.30 million for the quarter, compared to the consensus estimate of $428.50 million. Equities analysts expect that Global Brass and Copper Holdings Inc will post 2.58 EPS for the current fiscal year.

Separately, Zacks Investment Research cut Global Brass and Copper from a “strong-buy” rating to a “hold” rating in a report on Monday, May 6th.

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

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