Global Brass and Copper Holdings Director Sells $104,000,000 in Stock (BRSS)
Global Brass and Copper Holdings (NASDAQ:BRSS) Director David Shapiro sold 6,400,000 shares of the stock in a transaction dated Tuesday, January 28th. The shares were sold at an average price of $16.25, for a total transaction of $104,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Global Brass and Copper Holdings (NASDAQ:BRSS) traded up 2.94% during mid-day trading on Thursday, hitting $17.48. The stock had a trading volume of 485,054 shares. Global Brass and Copper Holdings has a 52 week low of $11.75 and a 52 week high of $21.45. The stock’s 50-day moving average is $16.94 and its 200-day moving average is $18.14. The company has a market cap of $369.0 million and a price-to-earnings ratio of 30.87.
Separately, analysts at Zacks downgraded shares of Global Brass and Copper Holdings from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, December 12th. They now have a $15.60 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $15.60.
Global Brass and Copper Holdings, Inc is a converter, fabricator, distributor and processor of specialized copper and brass products in North America.
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