JPMorgan Chase & Co. boosted its stake in shares of Global Brass and Copper Holdings Inc. (NYSE:BRSS) by 10.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 922,342 shares of the company’s stock after buying an additional 89,700 shares during the period. JPMorgan Chase & Co. owned about 4.27% of Global Brass and Copper Holdings worth $25,171,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of BRSS. Envestnet Asset Management Inc. increased its stake in Global Brass and Copper Holdings by 30.4% in the first quarter. Envestnet Asset Management Inc. now owns 4,371 shares of the company’s stock valued at $109,000 after buying an additional 1,020 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Global Brass and Copper Holdings by 4.1% in the second quarter. PNC Financial Services Group Inc. now owns 65,575 shares of the company’s stock valued at $1,789,000 after buying an additional 2,563 shares during the last quarter. GSA Capital Partners LLP increased its stake in Global Brass and Copper Holdings by 2.9% in the second quarter. GSA Capital Partners LLP now owns 134,307 shares of the company’s stock valued at $3,665,000 after buying an additional 3,751 shares during the last quarter. Acrospire Investment Management LLC purchased a new stake in Global Brass and Copper Holdings during the first quarter valued at $106,000. Finally, Panagora Asset Management Inc. increased its stake in Global Brass and Copper Holdings by 170.2% in the first quarter. Panagora Asset Management Inc. now owns 11,883 shares of the company’s stock valued at $296,000 after buying an additional 7,485 shares during the last quarter. Institutional investors and hedge funds own 95.47% of the company’s stock.

Shares of Global Brass and Copper Holdings Inc. (NYSE:BRSS) traded up 0.25% during trading on Friday, hitting $28.37. The stock had a trading volume of 45,602 shares. The stock has a market cap of $612.57 million, a price-to-earnings ratio of 19.66 and a beta of 0.46. The stock’s 50-day moving average is $28.29 and its 200-day moving average is $27.08. Global Brass and Copper Holdings Inc. has a 12-month low of $18.65 and a 12-month high of $30.78.

Global Brass and Copper Holdings (NYSE:BRSS) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.19. Global Brass and Copper Holdings had a return on equity of 54.06% and a net margin of 2.28%. The company had revenue of $337.90 million for the quarter, compared to analyst estimates of $343.40 million. During the same quarter in the prior year, the firm earned $0.89 earnings per share. The company’s revenue for the quarter was down 18.6% on a year-over-year basis. On average, equities research analysts expect that Global Brass and Copper Holdings Inc. will post $2.32 EPS for the current year.

The business also recently disclosed a dividend, which was paid on Wednesday, August 24th. Investors of record on Friday, August 12th were given a dividend of $0.0375 per share. The ex-dividend date of this dividend was Wednesday, August 10th. Global Brass and Copper Holdings’s dividend payout ratio is currently 10.42%.

Separately, Zacks Investment Research downgraded Global Brass and Copper Holdings from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 11th.

In other Global Brass and Copper Holdings news, Director Martin E. Welch sold 3,000 shares of Global Brass and Copper Holdings stock in a transaction that occurred on Wednesday, August 24th. The shares were sold at an average price of $28.90, for a total value of $86,700.00. Following the completion of the sale, the director now directly owns 21,984 shares of the company’s stock, valued at approximately $635,337.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Robert T. Micchelli sold 10,900 shares of Global Brass and Copper Holdings stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $28.96, for a total transaction of $315,664.00. Following the completion of the sale, the insider now directly owns 67,379 shares of the company’s stock, valued at $1,951,295.84. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.

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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