Global Brass and Copper Holdings Inc (BRSS) : Dalton Greiner Hartman Maher Co reduced its stake in Global Brass and Copper Holdings Inc by 7.34% during the most recent quarter end. The investment management company now holds a total of 579,174 shares of Global Brass and Copper Holdings Inc which is valued at $17,404,179 after selling 45,846 shares in Global Brass and Copper Holdings Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Global Brass and Copper Holdings Inc makes up approximately 1.15% of Dalton Greiner Hartman Maher Co’s portfolio.
Other Hedge Funds, Including , Cutler Group Lp sold out all of its stake in BRSS during the most recent quarter. The investment firm sold 151 shares of BRSS which is valued $4,583. Simplex Trading sold out all of its stake in BRSS during the most recent quarter. The investment firm sold 200 shares of BRSS which is valued $5,956.Bnp Paribas Arbitrage Sa boosted its stake in BRSS in the latest quarter, The investment management firm added 714 additional shares and now holds a total of 1,530 shares of Global Brass and Copper Holdings Inc which is valued at $44,753.
Global Brass and Copper Holdings Inc closed down -0.55 points or -1.81% at $29.8 with 1,10,794 shares getting traded on Tuesday. Post opening the session at $30.35, the shares hit an intraday low of $29.55 and an intraday high of $30.35 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Global Brass and Copper Holdings Inc reported $0.43 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.62. The company had revenue of $337.90 million for the quarter, compared to analysts expectations of $344.10 million. The company’s revenue was down -18.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.89 EPS.
Global Brass and Copper Holdings Inc. is a converter fabricator processor and distributor of specialized copper and brass products including a range of sheet strip foil rod tube and fabricated metal component products. The Company operates in three segments: Olin Brass Chase Brass and A.J. Oster. Olin Brass manufactures and converts specialized copper and brass sheet strip and fabricated products. Chase Brass primarily manufactures brass rod including round hexagonal and other shapes ranging from 1/4 inch to 4.5 inches in diameter. A.J. Oster is a processor and distributor of primarily copper and copper-alloy sheet strip and foil operating six strategically-located service centers in the United States Puerto Rico and Mexico. The Company is engaged in metal melting and casting rolling drawing extruding welding and stamping to fabricate finished and semi-finished alloy products from processed scrap copper cathode and other refined metals.