Municipal Employees Retirement System of Michigan Takes Position in Global Brass and Copper Holdings Inc (BRSS)

Municipal Employees Retirement System of Michigan bought a new position in shares of Global Brass and Copper Holdings Inc (NYSE:BRSS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 32,020 shares of the industrial products company’s stock, valued at approximately $805,000. Municipal Employees Retirement System of Michigan owned approximately 0.14% of Global Brass and Copper as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its stake in shares of Global Brass and Copper by 1.0% in the 4th quarter. Victory Capital Management Inc. now owns 44,026 shares of the industrial products company’s stock worth $1,107,000 after acquiring an additional 428 shares during the period. Teachers Advisors LLC lifted its stake in shares of Global Brass and Copper by 0.9% in the third quarter. Teachers Advisors LLC now owns 113,984 shares of the industrial products company’s stock valued at $4,206,000 after purchasing an additional 987 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Global Brass and Copper in the fourth quarter valued at about $36,000. Citigroup Inc. lifted its stake in shares of Global Brass and Copper by 22.5% in the fourth quarter. Citigroup Inc. now owns 8,058 shares of the industrial products company’s stock valued at $203,000 after purchasing an additional 1,482 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Global Brass and Copper by 21.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,338 shares of the industrial products company’s stock valued at $335,000 after purchasing an additional 2,347 shares during the period. 93.36% of the stock is currently owned by institutional investors.

Several analysts recently commented on the stock. ValuEngine upgraded shares of Global Brass and Copper from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research upgraded shares of Global Brass and Copper from a “sell” rating to a “hold” rating in a report on Tuesday, January 1st.

NYSE:BRSS traded down $0.01 during mid-day trading on Friday, hitting $43.78. 270,925 shares of the company’s stock traded hands, compared to its average volume of 667,843. The company has a market capitalization of $961.10 million, a P/E ratio of 14.03 and a beta of 1.10. Global Brass and Copper Holdings Inc has a 1 year low of $24.06 and a 1 year high of $44.08. The company has a current ratio of 3.27, a quick ratio of 1.90 and a debt-to-equity ratio of 1.63.

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Global Brass and Copper Company 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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