Rating Alert: KeyBanc Says Its Time To Downgrade Global Brass and Copper (NYSE:BRSS)

November 29, 2016 - By Clifton Ray

Rating Alert: KeyBanc Says Its Time To Downgrade Global Brass and Copper (NYSE:BRSS)

Global Brass and Copper (NYSE:BRSS) Downgrade

In a an analyst report revealed on 29 November, research professionals at KeyBanc’s equities division downgraded Global Brass and Copper (NYSE:BRSS)‘s stock rating from a”Overweight” to “Sector Weight”.

About 83,295 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 $8.62M for 17.71 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 dived, 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.

Fuller And Thaler Asset Management owns 2,100 shares or 0% of their US portfolio. Blackrock Investment Management Lc owns 85,046 shares or 0% of their US portfolio. Tudor Et Al last reported 0.02% of its portfolio in the stock. Lsv Asset owns 533,216 shares or 0.03% of their US portfolio. Qs Investors Ltd Limited Liability Company holds 0.04% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS) for 185,827 shares. Brandywine Glob Inv Management Lc has invested 0% of its portfolio in Global Brass and Copper Holdings Inc (NYSE:BRSS). Wells Fargo And Mn owns 46,996 shares or 0% of their US portfolio. Comml Bank Of Montreal Can reported 101,056 shares or 0% of all its holdings. Wfg Advsr Limited Partnership holds 18 shares or 0% of its portfolio. Teachers Advisors has 0% invested in the company for 36,194 shares. Federated Investors Pa holds 37,217 shares or 0% of its portfolio. Prudential Financial Inc last reported 474,576 shares in the company. Wellington Llp holds 0% or 225,301 shares in its portfolio. Goldman Sachs Gp accumulated 0% or 202,451 shares. D E Shaw & Co Inc owns 117,848 shares or 0.01% of their US portfolio.

Insider Transactions: Since August 24, 2016, the stock had 0 insider buys, and 8 sales for $1.76 million net activity. Another trade for 10,900 shares valued at $315,685 was sold by Micchelli Robert T. Another trade for 1,700 shares valued at $51,878 was made by Hamilton Scott B on Tuesday, November 22. Welch Martin E sold $86,700 worth of stock. $287,500 worth of Global Brass and Copper Holdings Inc (NYSE:BRSS) shares were sold by Denner Devin K.

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 $610.62 million. The Firm operates through three divisions: Olin Brass, Chase Brass and A.J. It has a 22.31 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 notable 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 with their article: “Global Brass and Copper Holdings, Inc. Reports Third Quarter 2016 Financial …” published on November 03, 2016, 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) were released by: Businesswire.com and their article: “Global Brass and Copper Holdings, Inc. Announces Date and Time for Release of …” published on October 18, 2016 as well as Quotes.Wsj.com‘s news article titled: “News Global Brass & Copper Holdings Inc.BRSS” with publication date: May 18, 2013.

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