GSA Capital Partners LLP trimmed its holdings in shares of Global Brass and Copper Holdings, Inc. (NYSE:BRSS) by 4.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,334 shares of the industrial products company’s stock after selling 866 shares during the period. GSA Capital Partners LLP owned about 0.09% of Global Brass and Copper Holdings worth $621,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BRSS. Summit Global Investments lifted its stake 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 purchasing an additional 700 shares during the last quarter. Rhumbline Advisers lifted its stake in Global Brass and Copper Holdings 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 purchasing an additional 765 shares during the last quarter. American International Group Inc. lifted its stake in Global Brass and Copper Holdings by 7.1% in the 1st quarter. American International Group Inc. now owns 13,011 shares of the industrial products company’s stock valued at $448,000 after purchasing an additional 863 shares during the last quarter. Teachers Advisors LLC lifted its stake in Global Brass and Copper Holdings by 0.9% in the 1st quarter. Teachers Advisors LLC now owns 104,404 shares of the industrial products company’s stock valued at $3,591,000 after purchasing an additional 904 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its stake in Global Brass and Copper Holdings 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 purchasing an additional 1,060 shares during the last quarter. Institutional investors own 95.61% of the company’s stock.

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In other Global Brass and Copper Holdings 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 value 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 this hyperlink. 3.20% of the stock is owned by insiders.

Shares of Global Brass and Copper Holdings, Inc. (BRSS) opened at 34.30 on Friday. The firm’s 50-day moving average is $30.99 and its 200 day moving average is $31.70. The firm has a market capitalization of $751.31 million, a P/E ratio of 16.81 and a beta of 0.48. Global Brass and Copper Holdings, Inc. has a 12 month low of $22.75 and a 12 month high of $39.85.

Global Brass and Copper Holdings (NYSE:BRSS) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. The firm had revenue of $377.40 million for 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 company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 earnings per share. On average, equities research analysts anticipate that Global Brass and Copper Holdings, Inc. will post $2.66 EPS for the current year.

Several brokerages recently issued reports on BRSS. Zacks Investment Research downgraded shares of Global Brass and Copper Holdings from a “hold” rating to a “sell” rating in a research note on Wednesday. BidaskClub upgraded shares of Global Brass and Copper Holdings from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 28th.

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.

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

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