P2 Capital Partners buys $46,171,504 stake in Mueller Water Products (MWA)

Mueller Water Products (MWA) : P2 Capital Partners scooped up 1,048,000 additional shares in Mueller Water Products during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 3,747,687 shares of Mueller Water Products which is valued at $46,171,504.Mueller Water Products makes up approximately 7.30% of P2 Capital Partners’s portfolio.

Other Hedge Funds, Including , Paloma Partners Management Co sold out all of its stake in MWA during the most recent quarter. The investment firm sold 31,689 shares of MWA which is valued $390,408.Norges Bank reduced its stake in MWA by selling 2,765,564 shares or 32.28% in the most recent quarter. The Hedge Fund company now holds 5,800,557 shares of MWA which is valued at $71,462,862. Mueller Water Products makes up approx 0.03% of Norges Bank’s portfolio.Credit Suisse Ag reduced its stake in MWA by selling 546,426 shares or 76.34% in the most recent quarter. The Hedge Fund company now holds 169,344 shares of MWA which is valued at $2,086,318. Tower Research Capital (trc) added MWA to its portfolio by purchasing 2,093 company shares during the most recent quarter which is valued at $25,786. Insight Capital Research Management Inc added MWA to its portfolio by purchasing 259,048 company shares during the most recent quarter which is valued at $3,017,909. Mueller Water Products makes up approx 1.00% of Insight Capital Research Management Inc’s portfolio.

Mueller Water Products closed down -0.01 points or -0.08% at $12.08 with 10,73,441 shares getting traded on Thursday. Post opening the session at $12.08, the shares hit an intraday low of $11.875 and an intraday high of $12.099 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Mueller Water Products reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.09. The company had revenue of $283.60 million for the quarter, compared to analysts expectations of $291.91 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Mueller Water Products. Company shares were Reiterated by DA Davidson on Aug 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 12 from a previous price target of $11 .Mueller Water Products was Downgraded by Boenning & Scattergood to ” Neutral” on Jul 13, 2016.

Mueller Water Products Inc. is a manufacturer and marketer of products and services used in the transmission distribution and measurement of water. The Company’s product portfolio includes engineered valves fire hydrants metering products and systems leak detection and pipe condition assessment which are used by municipalities and residential and non-residential construction industries. The Company operates through two segments: Mueller Co. and Anvil. The Company helps municipalities increase operational efficiencies improve customer service and prioritize capital spending. Mueller Co. manufactures valves for water and gas systems including iron gate butterfly tapping check plug and ball valves dry-barrel and wet-barrel fire hydrants and metering systems. The Company also manufactures fittings and couplings including cast iron fittings malleable iron fittings and unions grooved fittings threaded steel pipe coupling and nipples.

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