Nuance Investments Amends MWA Stake, Signals Continued Institutional Interest
Ticker: MWA · Form: SC 13G/A · Filed: Feb 5, 2024 · CIK: 1350593
| Field | Detail |
|---|---|
| Company | Mueller Water Products, INC. (MWA) |
| Form Type | SC 13G/A |
| Filed Date | Feb 5, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: MWA
TL;DR
**Nuance Investments still holds MWA, watch for future changes.**
AI Summary
Nuance Investments, LLC, an investment adviser based in Kansas City, MO, filed an amended SC 13G/A on February 5, 2024, disclosing its ownership of common stock in Mueller Water Products, Inc. (MWA). This filing, dated for the event on December 31, 2023, indicates Nuance Investments, LLC is a significant institutional holder, operating under Rule 13d-1(b). This matters to investors because large institutional holdings can signal confidence in the company's long-term prospects, but any future changes in their stake could influence stock price.
Why It Matters
This filing confirms Nuance Investments, LLC's continued significant ownership in Mueller Water Products, Inc., which can be a positive signal for other investors, but also means any future selling could put downward pressure on the stock.
Risk Assessment
Risk Level: low — This filing is a routine update from an institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note Nuance Investments, LLC's continued stake in Mueller Water Products, Inc. as a sign of institutional confidence, but also monitor future filings for any significant changes in their position that could impact the stock.
Key Players & Entities
- Nuance Investments, LLC (company) — the reporting person and investment adviser
- Mueller Water Products, Inc. (company) — the subject company (issuer) whose common stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 5, 2024 (date) — the filing date of the SC 13G/A
- Kansas City, MO (company) — location of Nuance Investments, LLC
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by passive institutional investors who own 5% or more of a company's stock. The 'A' indicates it's an amendment to a previously filed statement, updating their ownership information as of December 31, 2023, for Mueller Water Products, Inc.
Who is the reporting person in this SC 13G/A filing?
The reporting person is NUANCE INVESTMENTS, LLC, identified with IRS Identification No. 26-3649176, located at 4900 Main Street, Suite 220, Kansas City, MO 64112.
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common stock of Mueller Water Products, Inc. is 624758108.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), which typically applies to institutional investors like investment advisers, banks, or insurance companies who acquire beneficial ownership of more than 5% of a class of equity securities in the ordinary course of business and without the purpose or effect of changing or influencing control of the issuer.
What is the subject company (issuer) of the securities in this filing?
The subject company, or issuer, is Mueller Water Products, Inc., with a Central Index Key (CIK) of 0001350593 and a business address at 1200 Abernathy Rd, NE, Suite 1200, Atlanta, GA 30328.
Filing Stats: 923 words · 4 min read · ~3 pages · Grade level 8 · Accepted 2024-02-05 11:33:07
Filing Documents
- mwaa3_20524.htm (SC 13G/A) — 25KB
- 0001085146-24-000703.txt ( ) — 27KB
(a)
ITEM 1(a). NAME OF ISSUER: MUELLER WATER PRODUCTS, INC.
(b)
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 1200 ABERNATHY ROAD N.E. SUITE 1200 ATLANTA, GA 30328
(a)
ITEM 2(a). NAME OF PERSON FILING: NUANCE INVESTMENTS, LLC
(b)
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: 4900 MAIN STREET, SUITE 220 KANSAS CITY, MO 64112
(c)
ITEM 2(c). CITIZENSHIP: 4900 MAIN STREET, SUITE 220 KANSAS CITY, MO 64112
(d)
ITEM 2(d). TITLE OF CLASS OF SECURITIES: COMMON
(e)
ITEM 2(e). CUSIP NUMBER: 624758108 ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A: (a) [ ] Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c); (b) [ ] Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) [ ] Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) [ ] Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8); (e) [X] An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) [ ] A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution: ITEM 4. (a) Amount beneficially owned: 13,161,657 (b) Percent of class: 8.43% (c) Number of shares as to which the person has: (i) sole power to vote or to direct the vote: NUANCE INVESTMENTS, LLC: 13,161,657 (ii) shared power to vote or to direct the vote: (iii) sole power to dispose or direct the disposition of: NUANCE INVESTMENTS, LLC: 13,161,657 (iv) shared power to dispose or to direct the disposition of: ITEM 5. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more