Miller Industries, Inc. (NYSE:MLR) Shares Sold by Bailard Inc.

Bailard Inc. trimmed its holdings in Miller Industries, Inc. (NYSE:MLR) by 15.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,800 shares of the auto parts company’s stock after selling 700 shares during the period. Bailard Inc.’s holdings in Miller Industries were worth $248,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Verition Fund Management LLC raised its stake in Miller Industries by 3.5% during the 3rd quarter. Verition Fund Management LLC now owns 5,773 shares of the auto parts company’s stock valued at $352,000 after acquiring an additional 194 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Miller Industries by 5.2% in the fourth quarter. SG Americas Securities LLC now owns 5,423 shares of the auto parts company’s stock valued at $354,000 after purchasing an additional 270 shares during the period. Redmont Wealth Advisors LLC raised its stake in shares of Miller Industries by 2.3% during the fourth quarter. Redmont Wealth Advisors LLC now owns 12,392 shares of the auto parts company’s stock worth $810,000 after purchasing an additional 282 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Miller Industries by 1.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 21,775 shares of the auto parts company’s stock worth $1,423,000 after purchasing an additional 295 shares during the period. Finally, Ellsworth Advisors LLC grew its position in Miller Industries by 4.2% in the 4th quarter. Ellsworth Advisors LLC now owns 12,334 shares of the auto parts company’s stock valued at $806,000 after buying an additional 492 shares during the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

Miller Industries Stock Performance

Shares of MLR stock opened at $54.72 on Thursday. The company has a current ratio of 2.12, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Miller Industries, Inc. has a 12-month low of $44.55 and a 12-month high of $78.25. The company has a market cap of $625.96 million, a price-to-earnings ratio of 9.07 and a beta of 0.97. The stock has a 50 day simple moving average of $64.21 and a 200-day simple moving average of $65.04.

Analyst Upgrades and Downgrades

MLR has been the subject of a number of analyst reports. DA Davidson restated a “buy” rating and set a $82.00 price objective on shares of Miller Industries in a research report on Friday, November 15th. StockNews.com lowered shares of Miller Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th.

Miller Industries Company Profile

Miller Industries, Inc, together with its subsidiaries, manufactures and sells towing and recovery equipment. The company offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms, which are used to transport new or disabled vehicles and other equipment.