Stock of The Day: Could Global Brass and Copper Holdings Inc Decline After Today’s Significant Increase?

Stock of The Day: Could Global Brass and Copper Holdings Inc Decline After Today's Significant Increase?

The stock of Global Brass and Copper Holdings Inc (NYSE:BRSS) is a huge mover today! About 128,907 shares traded hands or 3.84% up from the average. Global Brass and Copper Holdings Inc (NYSE:BRSS) has declined 3.17% since April 5, 2016 and is downtrending. It has underperformed by 5.12% the S&P500.
The move comes after 7 months positive chart setup for the $544.13M company. It was reported on Nov, 7 by Barchart.com. We have $36.79 PT which if reached, will make NYSE:BRSS worth $250.30 million more.

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 Q2 2016. Its up 0.30, from 0.97 in 2016Q1. The ratio increased, 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.
Parametric Port Associates Limited Liability Corporation has 205,498 shares for 0.01% of their US portfolio. Moreover, Mckinley Management Limited Liability Delaware has 0.35% invested in Global Brass and Copper Holdings Inc (NYSE:BRSS) for 261,575 shares. New York State Teachers Retirement Sys has 1,900 shares for 0% of their US portfolio. Gamco Invsts Et Al has 18,750 shares for 0% of their US portfolio. Hillsdale Invest Mgmt has invested 0.13% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS). Gotham Asset Mngmt Lc has 78,355 shares for 0.03% of their US portfolio. First Tru Lp has invested 0% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS). Qs Invsts Ltd Liability last reported 0.04% of its portfolio in the stock. Bridgeway Capital Mngmt last reported 0.06% of its portfolio in the stock. Rhumbline Advisers has 21,495 shares for 0% of their US portfolio. Secor Advisors L P owns 101,450 shares or 0.35% of their US portfolio. Moreover, Strs Ohio has 0% invested in Global Brass and Copper Holdings Inc (NYSE:BRSS) for 26,400 shares. The Pennsylvania-based Nationwide Fund has invested 0.02% in Global Brass and Copper Holdings Inc (NYSE:BRSS). Peak6 Invests Lp has 0% invested in the company for 1,000 shares. Diam has invested 0.01% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS).

Insider Transactions: Since August 24, 2016, the stock had 0 insider buys, and 4 selling transactions for $972,453 net activity. The insider Welch Martin E sold $86,700. 10,900 shares with value of $315,685 were sold by Micchelli Robert T on Wednesday, September 7. Hamilton Scott B sold $260,061 worth of stock or 8,808 shares.

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 Holdings Inc.” published on May 25, 2013, Quotes.Wsj.com published: “News Global Brass & Copper Holdings Inc.BRSS” on May 18, 2013. More interesting news about Global Brass and Copper Holdings Inc (NYSE:BRSS) were released by: Businesswire.com and their article: “Global Brass and Copper Holdings, Inc. Reports Temporary Disruption to a …” published on May 18, 2016 as well as Seekingalpha.com‘s news article titled: “Global Brass And Copper Holdings Provides A Means To Clean Water” with publication date: October 26, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment