Seaport Global May Have Just Lost Faith in Mueller Water Products (NYSE:MWA)

August 9, 2018 - By Mary Kidd

Mueller Water Products, Inc. (NYSE:MWA) Logo

Investors sentiment decreased to 0.96 in Q1 2018. Its down 0.02, from 0.98 in 2017Q4. It fall, as 33 investors sold Mueller Water Products, Inc. shares while 58 reduced holdings. 30 funds opened positions while 57 raised stakes. 129.93 million shares or 2.59% less from 133.39 million shares in 2017Q4 were reported.

Wellington Mgmt Gp Ltd Liability Partnership owns 0% invested in Mueller Water Products, Inc. (NYSE:MWA) for 481,291 shares. Bnp Paribas Arbitrage, a New York-based fund reported 37,708 shares. Oppenheimer Asset Mgmt invested in 186,507 shares. Ubs Asset Management Americas, a Illinois-based fund reported 116,071 shares. Northern Trust has 2.02M shares for 0.01% of their portfolio. 156,997 were accumulated by Jpmorgan Chase &. Impax Asset Ltd reported 6.91 million shares. First City Cap, Georgia-based fund reported 20,400 shares. Kbc Gp Nv invested 0.11% in Mueller Water Products, Inc. (NYSE:MWA). 9,701 are owned by Envestnet Asset Inc. Secor Capital Advsrs Lp owns 0.4% invested in Mueller Water Products, Inc. (NYSE:MWA) for 446,968 shares. Principal Fincl Group reported 0% of its portfolio in Mueller Water Products, Inc. (NYSE:MWA). Corsair Mngmt Limited Partnership reported 163,494 shares. Whittier Trust Company holds 0.01% or 22,749 shares in its portfolio. Rodgers Brothers reported 0.11% of its portfolio in Mueller Water Products, Inc. (NYSE:MWA).

Mueller Water Products (NYSE:MWA) Receives a Downgrade

Seaport Global has cut the rating for shares of Mueller Water Products (NYSE:MWA) to a solid Neutral in a research report issued on Wednesday morning. MWA’s previous rating by the firm was a Buy.

Mueller Water Products, Inc. (NYSE:MWA) Ratings Coverage

Among 2 analysts covering Mueller Water Products (NYSE:MWA), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Mueller Water Products had 2 analyst reports since April 2, 2018 according to SRatingsIntel. The firm has “Sell” rating by Cowen & Co given on Monday, April 2. The firm has “Neutral” rating given on Wednesday, August 8 by Seaport Global.

The stock increased 1.45% or $0.17 during the last trading session, reaching $11.91. About 1.59M shares traded or 103.46% up from the average. Mueller Water Products, Inc. (NYSE:MWA) has risen 5.40% since August 9, 2017 and is uptrending. It has underperformed by 7.17% the S&P500.

Mueller Water Products, Inc. manufactures and markets services and products for the use in transmission, distribution, and measurement of water in the United States, Canada, and internationally. The company has market cap of $1.88 billion. The firm operates in three divisions: Mueller Co., Anvil, and Mueller Technologies. It has a 18.87 P/E ratio. The Mueller Co. segment offers valves for water and gas systems, including iron gate, butterfly, tapping, check, knife, plug, and ball valves; dry-barrel and wet-barrel fire hydrants; pipe repair products, such as clamps and couplings used to repair leaks under the Mueller and Jones brand names; small valves, meter bars, and line stopper fittings for use in gas systems; and machines and tools for tapping, drilling, extracting, installing, and stopping-off.

Another recent and important Mueller Water Products, Inc. (NYSE:MWA) news was published by Nasdaq.com which published an article titled: “Mueller Water Products Names Steven S. Heinrichs Executive Vice President, General Counsel, Chief Compliance …” on July 18, 2018.

Mueller Water Products, Inc. (NYSE:MWA) Institutional Positions Chart

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