Russell Investments Group Ltd. lifted its position in Global Brass and Copper Holdings Inc (NYSE:BRSS) by 63.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,116 shares of the industrial products company’s stock after buying an additional 14,047 shares during the period. Russell Investments Group Ltd. owned about 0.16% of Global Brass and Copper worth $1,220,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BRSS. Schwab Charles Investment Management Inc. increased its position in shares of Global Brass and Copper by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 224,510 shares of the industrial products company’s stock valued at $6,859,000 after buying an additional 1,060 shares in the last quarter. Rhumbline Advisers increased its position in shares of Global Brass and Copper by 3.3% in the 2nd quarter. Rhumbline Advisers now owns 23,813 shares of the industrial products company’s stock valued at $727,000 after buying an additional 765 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Global Brass and Copper by 388.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 4,493 shares of the industrial products company’s stock valued at $137,000 after buying an additional 3,574 shares in the last quarter. Victory Capital Management Inc. increased its holdings in Global Brass and Copper by 23.5% during the 2nd quarter. Victory Capital Management Inc. now owns 34,686 shares of the industrial products company’s stock worth $1,059,000 after purchasing an additional 6,611 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Global Brass and Copper by 21.9% during the 2nd quarter. American Century Companies Inc. now owns 1,002,943 shares of the industrial products company’s stock worth $30,640,000 after purchasing an additional 180,484 shares in the last quarter. Institutional investors and hedge funds own 94.92% of the company’s stock.

BRSS has been the subject of a number of research reports. Zacks Investment Research upgraded Global Brass and Copper from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Tuesday, November 7th. ValuEngine cut Global Brass and Copper from a “buy” rating to a “hold” rating in a report on Saturday, November 4th. Finally, BidaskClub upgraded Global Brass and Copper from a “sell” rating to a “hold” rating in a report on Friday, October 13th.

Global Brass and Copper Holdings Inc (NYSE:BRSS) opened at $34.00 on Thursday. The stock has a market capitalization of $744.73, a PE ratio of 14.11 and a beta of 0.47. The company has a debt-to-equity ratio of 2.19, a quick ratio of 2.00 and a current ratio of 3.26. Global Brass and Copper Holdings Inc has a 1-year low of $28.10 and a 1-year high of $39.85.

Global Brass and Copper (NYSE:BRSS) last released its earnings results on Thursday, November 2nd. The industrial products company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. The firm had revenue of $378.60 million during the quarter, compared to analysts’ expectations of $376.00 million. Global Brass and Copper had a return on equity of 47.75% and a net margin of 3.61%. The company’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 EPS. equities analysts forecast that Global Brass and Copper Holdings Inc will post 2.47 earnings per share for the current year.

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About Global Brass and Copper

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 (NYSE:BRSS)

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