Miller Industries, Inc. (NYSE:MLR) Shares Purchased by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. lifted its stake in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) by 125.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 21,480 shares of the auto parts company's stock after acquiring an additional 11,945 shares during the period. Harbor Capital Advisors Inc. owned 0.19% of Miller Industries worth $1,310,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of MLR. Cubist Systematic Strategies LLC raised its holdings in Miller Industries by 2.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 8,220 shares of the auto parts company's stock valued at $452,000 after buying an additional 201 shares during the period. Ellsworth Advisors LLC increased its stake in Miller Industries by 3.6% during the third quarter. Ellsworth Advisors LLC now owns 11,842 shares of the auto parts company's stock worth $722,000 after purchasing an additional 411 shares during the period. Point72 DIFC Ltd increased its stake in Miller Industries by 146.9% during the second quarter. Point72 DIFC Ltd now owns 1,000 shares of the auto parts company's stock worth $55,000 after purchasing an additional 595 shares during the period. Innealta Capital LLC purchased a new stake in Miller Industries during the second quarter worth about $39,000. Finally, Kennedy Capital Management LLC increased its stake in Miller Industries by 2.4% during the first quarter. Kennedy Capital Management LLC now owns 36,707 shares of the auto parts company's stock worth $1,839,000 after purchasing an additional 853 shares during the period. Hedge funds and other institutional investors own 79.24% of the company's stock.

Miller Industries Stock Up 8.6 %

Shares of Miller Industries stock traded up $5.94 on Wednesday, reaching $75.12. 134,582 shares of the company were exchanged, compared to its average volume of 66,219. Miller Industries, Inc. has a 1-year low of $36.57 and a 1-year high of $76.26. The company has a market cap of $860.12 million, a P/E ratio of 12.08 and a beta of 0.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.08 and a quick ratio of 1.44. The stock's 50 day moving average price is $62.18 and its 200-day moving average price is $59.58.

Miller Industries (NYSE:MLR - Get Free Report) last announced its quarterly earnings data on Wednesday, August 7th. The auto parts company reported $1.78 EPS for the quarter. The business had revenue of $371.45 million during the quarter. Miller Industries had a return on equity of 20.16% and a net margin of 5.55%. As a group, equities analysts forecast that Miller Industries, Inc. will post 5.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. DA Davidson assumed coverage on shares of Miller Industries in a research note on Wednesday, October 2nd. They set a "buy" rating and a $82.00 price target on the stock. StockNews.com lowered shares of Miller Industries from a "buy" rating to a "hold" rating in a research note on Tuesday.

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.