Rhumbline Advisers Sells 421 Shares of Miller Industries, Inc. (NYSE:MLR)

Rhumbline Advisers lessened its holdings in Miller Industries, Inc. (NYSE:MLR) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,075 shares of the auto parts company’s stock after selling 421 shares during the period. Rhumbline Advisers owned approximately 0.15% of Miller Industries worth $1,116,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Harbor Capital Advisors Inc. increased its position in Miller Industries by 125.3% during the third quarter. Harbor Capital Advisors Inc. now owns 21,480 shares of the auto parts company’s stock valued at $1,310,000 after acquiring an additional 11,945 shares during the last quarter. Principal Financial Group Inc. bought a new position in Miller Industries during the third quarter valued at $496,000. Summit Global Investments bought a new position in Miller Industries during the third quarter valued at $611,000. Royce & Associates LP increased its position in Miller Industries by 12.9% during the third quarter. Royce & Associates LP now owns 496,528 shares of the auto parts company’s stock valued at $30,288,000 after acquiring an additional 56,578 shares during the last quarter. Finally, Quest Partners LLC increased its position in Miller Industries by 127.0% during the third quarter. Quest Partners LLC now owns 8,250 shares of the auto parts company’s stock valued at $503,000 after acquiring an additional 4,616 shares during the last quarter. Institutional investors own 79.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on MLR shares. DA Davidson reiterated 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 cut shares of Miller Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th.

Miller Industries Stock Up 0.2 %

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

Miller Industries 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.