Miller Industries, Inc. (NYSE:MLR) shares reached a new 52-week high on Thursday . The company traded as high as $30.24 and last traded at $30.05, with a volume of 20503 shares changing hands. The stock had previously closed at $29.45.
Separately, ValuEngine raised shares of Miller Industries from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.
The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.39 and a current ratio of 2.05. The firm has a market cap of $333.72 million, a price-to-earnings ratio of 10.42 and a beta of 0.63.
Several hedge funds have recently bought and sold shares of MLR. Meeder Asset Management Inc. grew its holdings in shares of Miller Industries by 6.3% in the fourth quarter. Meeder Asset Management Inc. now owns 6,548 shares of the auto parts company’s stock valued at $176,000 after purchasing an additional 390 shares in the last quarter. MetLife Investment Advisors LLC grew its holdings in shares of Miller Industries by 59.3% in the third quarter. MetLife Investment Advisors LLC now owns 9,049 shares of the auto parts company’s stock valued at $243,000 after purchasing an additional 3,369 shares in the last quarter. HPM Partners LLC grew its holdings in shares of Miller Industries by 21.1% in the third quarter. HPM Partners LLC now owns 13,229 shares of the auto parts company’s stock valued at $356,000 after purchasing an additional 2,309 shares in the last quarter. North Star Investment Management Corp. purchased a new position in shares of Miller Industries in the third quarter valued at $384,000. Finally, Rhumbline Advisers grew its holdings in shares of Miller Industries by 44.9% in the fourth quarter. Rhumbline Advisers now owns 15,663 shares of the auto parts company’s stock valued at $423,000 after purchasing an additional 4,855 shares in the last quarter. 84.18% of the stock is owned by hedge funds and other institutional investors.
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Miller Industries Company Profile (NYSE:MLR)
Miller Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. It offers wreckers, such as conventional tow trucks and recovery vehicles 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 that are used to transport new or disabled vehicles and other equipment.
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