Bailard Inc. acquired a new position in Miller Industries, Inc. (NYSE:MLR) during the fourth quarter, Holdings Channel reports. The firm acquired 16,400 shares of the auto parts company’s stock, valued at approximately $423,000.
Other hedge funds have also recently modified their holdings of the company. Nationwide Fund Advisors lifted its holdings in Miller Industries by 245.5% in the 3rd quarter. Nationwide Fund Advisors now owns 34,588 shares of the auto parts company’s stock worth $967,000 after buying an additional 24,576 shares in the last quarter. Rothschild Investment Corp IL increased its position in shares of Miller Industries by 11.8% in the 3rd quarter. Rothschild Investment Corp IL now owns 81,515 shares of the auto parts company’s stock worth $2,278,000 after purchasing an additional 8,600 shares during the last quarter. Algert Global LLC increased its position in shares of Miller Industries by 689.3% in the 3rd quarter. Algert Global LLC now owns 92,273 shares of the auto parts company’s stock worth $2,579,000 after purchasing an additional 80,582 shares during the last quarter. OxFORD Asset Management LLP bought a new stake in shares of Miller Industries in the 3rd quarter worth about $515,000. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Miller Industries in the 3rd quarter worth about $307,000. Hedge funds and other institutional investors own 85.71% of the company’s stock.
Shares of Miller Industries, Inc. (MLR) opened at $25.05 on Monday. The firm has a market cap of $285.02, a PE ratio of 15.75 and a beta of 0.57. Miller Industries, Inc. has a 1 year low of $22.80 and a 1 year high of $29.00. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.25 and a quick ratio of 1.64.
Miller Industries, Inc is a manufacturer of towing and recovery equipment. The Company manufactures the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. It has domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France and the United Kingdom.
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