Geode Capital Management LLC Raises Holdings in Global Brass and Copper Holdings Inc (BRSS)

Geode Capital Management LLC grew its stake in Global Brass and Copper Holdings Inc (NYSE:BRSS) by 5.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 309,278 shares of the industrial products company’s stock after purchasing an additional 16,915 shares during the quarter. Geode Capital Management LLC’s holdings in Global Brass and Copper were worth $7,778,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Murphy Pohlad Asset Management LLC purchased a new stake in shares of Global Brass and Copper during the 4th quarter valued at about $108,000. Dimensional Fund Advisors LP boosted its holdings in shares of Global Brass and Copper by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 960,820 shares of the industrial products company’s stock valued at $24,165,000 after acquiring an additional 11,844 shares during the last quarter. Convergence Investment Partners LLC purchased a new stake in shares of Global Brass and Copper during the 4th quarter valued at about $258,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Global Brass and Copper by 63.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 22,550 shares of the industrial products company’s stock valued at $567,000 after acquiring an additional 8,725 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Global Brass and Copper by 60.3% during the 4th quarter. Bessemer Group Inc. now owns 47,600 shares of the industrial products company’s stock valued at $1,197,000 after acquiring an additional 17,900 shares during the last quarter. Institutional investors and hedge funds own 93.36% of the company’s stock.

Shares of NYSE BRSS opened at $43.63 on Wednesday. The company has a current ratio of 3.27, a quick ratio of 1.90 and a debt-to-equity ratio of 1.63. The stock has a market cap of $957.58 million, a PE ratio of 13.98 and a beta of 1.10. Global Brass and Copper Holdings Inc has a 52-week low of $24.06 and a 52-week high of $44.08.

BRSS has been the topic of a number of recent analyst reports. ValuEngine raised shares of Global Brass and Copper from a “sell” rating to a “hold” rating in a report on Monday, February 4th. Zacks Investment Research raised shares of Global Brass and Copper from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st.

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Global Brass and Copper Profile

Global Brass and Copper Holdings, Inc converts, fabricates, processes, and distributes specialized non-ferrous products in the United States, the Asia Pacific, and Mexico. The company operates in three segments: Olin Brass, Chase Brass, and A.J. Oster. The Olin Brass segment manufactures, fabricates, and converts specialized copper and brass sheets, strips, foils, tubes, and fabricated products; and rerolls and forms other alloys, such as stainless steel, carbon steel, and aluminum.

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

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