Rating Action: Is KeyBanc Very Negative For Global Brass and Copper Holdings (NYSE:BRSS) After Its Downgrade?

November 29, 2016 - By Marguerite Chambers

Rating Action: Is KeyBanc Very Negative For Global Brass and Copper Holdings (NYSE:BRSS) After Its Downgrade?

Global Brass and Copper Holdings (NYSE:BRSS) Downgrade

Global Brass and Copper Holdings (NYSE:BRSS)‘s rating was lowered by stock research analysts at KeyBanc from a Overweight rating to a Sector Weight rating in an analyst note revealed to investors and clients on Tuesday morning.

About 124,878 shares traded hands. Global Brass and Copper Holdings Inc (NYSE:BRSS) has risen 11.15% since April 26, 2016 and is uptrending. It has outperformed by 5.89% the S&P500.

Analysts await Global Brass and Copper Holdings Inc (NYSE:BRSS) to report earnings on March, 14. They expect $0.41 earnings per share, up 70.83% or $0.17 from last year’s $0.24 per share. BRSS’s profit will be $8.62 million for 17.80 P/E if the $0.41 EPS becomes a reality. After $0.71 actual earnings per share reported by Global Brass and Copper Holdings Inc for the previous quarter, Wall Street now forecasts -42.25% negative EPS growth.

Insitutional Activity: The institutional sentiment decreased to 1.08 in Q2 2016. Its down 0.19, from 1.27 in 2016Q1. The ratio is negative, 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.

Deutsche Commercial Bank Ag last reported 39,269 shares in the company. Invesco Ltd has invested 0% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS). Cornerstone Cap Mgmt Hldg Limited Liability Com has 0.03% invested in the company for 114,790 shares. The Pennsylvania-based Pnc Financial Service has invested 0% in Global Brass and Copper Holdings Inc (NYSE:BRSS). California Pub Employees Retirement System owns 71,100 shares or 0% of their US portfolio. Rbf Limited Liability has invested 0.04% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 626 shares in its portfolio. Chicago Equity Ltd holds 0.04% or 48,198 shares in its portfolio. Smith Asset Limited Partnership holds 0.05% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS) for 63,940 shares. Secor Cap Advsrs Limited Partnership has 0.35% invested in the company for 101,450 shares. First Tru Advsr Limited Partnership reported 46,385 shares or 0% of all its holdings. The New York-based Renaissance Techs Limited has invested 0.03% in Global Brass and Copper Holdings Inc (NYSE:BRSS). Kennedy Inc, a Missouri-based fund reported 251,682 shares. Tower Capital Ltd Liability Corp (Trc) has invested 0% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS). Allianz Asset Management Ag last reported 0.02% of its portfolio in the stock.

Insider Transactions: Since August 24, 2016, the stock had 0 buys, and 8 selling transactions for $1.76 million net activity. The insider Hamilton Scott B sold $51,878. Micchelli Robert T sold $310,007 worth of stock or 10,652 shares. $287,500 worth of shares were sold by Denner Devin K on Friday, November 18. Another trade for 3,000 shares valued at $86,700 was made by Welch Martin E on Wednesday, August 24.

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 has a market cap of $613.77 million. The Firm operates through three divisions: Olin Brass, Chase Brass and A.J. It has a 22.42 P/E ratio. Oster.

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.”

More important recent Global Brass and Copper Holdings Inc (NYSE:BRSS) news were published by: Marketwatch.com which released: “Global Brass & Copper downgraded to sector weight from overweight at KeyBanc …” on May 25, 2013, also Businesswire.com published article titled: “Global Brass and Copper Holdings, Inc. Reports Third Quarter 2016 Financial …”, Nasdaq.com published: “Global Brass and Copper Holdings, Inc. (BRSS) Ex-Dividend Date Scheduled for …” on November 08, 2016. More interesting news about Global Brass and Copper Holdings Inc (NYSE:BRSS) was released by: Quotes.Wsj.com and their article: “News Global Brass & Copper Holdings Inc.BRSS” with publication date: May 18, 2013.

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.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>