Notable Runner: A Reversal for Global Brass and Copper Holdings Inc Is Not Near. The Stock Declines Again

Notable Runner: A Reversal for Global Brass and Copper Holdings Inc Is Not Near. The Stock Declines Again

The stock of Global Brass and Copper Holdings Inc (NYSE:BRSS) is a huge mover today! About 314,074 shares traded hands or 187.83% up from the average. Global Brass and Copper Holdings Inc (NYSE:BRSS) has risen 19.59% since April 4, 2016 and is uptrending. It has outperformed by 18.50% the S&P500.
The move comes after 5 months negative chart setup for the $508.50M company. It was reported on Nov, 4 by Barchart.com. We have $21.90 PT which if reached, will make NYSE:BRSS worth $35.60 million less.

Analysts await Global Brass and Copper Holdings Inc (NYSE:BRSS) to report earnings on November, 7. They expect $0.82 EPS, up 64.00% or $0.32 from last year’s $0.5 per share. BRSS’s profit will be $17.71M for 7.18 P/E if the $0.82 EPS becomes a reality. After $0.35 actual EPS reported by Global Brass and Copper Holdings Inc for the previous quarter, Wall Street now forecasts 134.29% EPS growth.

According to Zacks Investment Research, “Global Brass & Copper Holdings, Inc. is a converter, fabricator, distributor and processor of copper and brass products primarily in North America. The Company’s product include sheet, strip, foil, rod, tube and fabricated metal component that it sells under the Olin Brass, Chase Brass and A.J. Oster brand names. It also engages in metal melting and casting, rolling, drawing, extruding and stamping to fabricate finished and semi-finished alloy products. The company serves building and housing, munitions, automotive, transportation, coinage, electronics/electrical components, industrial machinery and equipment and general consumer end markets. Global Brass & Copper Holdings, Inc. is headquartered in Schaumburg, United States.”

Insitutional Activity: The institutional sentiment increased to 1.27 in 2016 Q2. Its up 0.30, from 0.97 in 2016Q1. The ratio is positive, as 10 funds sold all Global Brass and Copper Holdings Inc shares owned while 46 reduced positions. 17 funds bought stakes while 54 increased positions. They now own 20.16 million shares or 2.36% less from 20.64 million shares in 2016Q1.
Peak6 Investments L P reported 1,000 shares or 0% of all its holdings. Northern Tru Corp reported 327,339 shares or 0% of all its holdings. State Street Corp holds 0% or 425,658 shares in its portfolio. Cornercap Investment Counsel holds 0.1% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS) for 19,170 shares. Eam Investors Limited accumulated 46,504 shares or 0.19% of the stock. Secor Advisors L P, a New York-based fund reported 101,450 shares. Fmr Ltd Liability Com has 959,648 shares for 0% of their US portfolio. Trexquant Invest L P holds 0.05% or 13,751 shares in its portfolio. Dimensional Fund Advisors Lp, a Texas-based fund reported 658,501 shares. Herndon Cap Management Ltd Liability Co reported 256 shares or 0% of all its holdings. Sg Americas Secs Limited Liability Corporation accumulated 8,289 shares or 0% of the stock. Bnp Paribas Arbitrage has invested 0% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS). Invesco Limited, a Georgia-based fund reported 215,099 shares. Gsa Capital Prns Limited Liability Partnership last reported 0.2% of its portfolio in the stock. Wellington Mngmt Group Inc Llp holds 0% or 225,301 shares in its portfolio.

Insider Transactions: Since August 24, 2016, the stock had 0 insider buys, and 4 insider sales for $972,453 net activity. Hamilton Scott B sold $260,061 worth of Global Brass and Copper Holdings Inc (NYSE:BRSS) on Thursday, September 8. $86,700 worth of Global Brass and Copper Holdings Inc (NYSE:BRSS) was sold by Welch Martin E on Wednesday, August 24. Micchelli Robert T had sold 10,652 shares worth $310,007 on Monday, August 29.

More notable recent Global Brass and Copper Holdings Inc (NYSE:BRSS) news were published by: Businesswire.com which released: “Global Brass and Copper Holdings, Inc. Reports Third Quarter 2016 Financial …” on November 03, 2016, also Marketwatch.com with their article: “Global Brass & Copper upgraded to overweight from sector weight at KeyBanc Capital” published on May 25, 2013, Seekingalpha.com published: “Global Brass And Copper Holdings Provides A Means To Clean Water” on October 26, 2016. More interesting news about Global Brass and Copper Holdings Inc (NYSE:BRSS) were released by: Quotes.Wsj.com and their article: “News Global Brass & Copper Holdings Inc.BRSS” published on May 18, 2013 as well as Businesswire.com‘s news article titled: “Global Brass and Copper Holdings, Inc. Reports Temporary Disruption to a …” with publication date: May 18, 2016.

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