Summit Global Investments bought a new position in shares of Miller Industries, Inc. (NYSE:MLR - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,020 shares of the auto parts company's stock, valued at approximately $611,000. Summit Global Investments owned approximately 0.09% of Miller Industries as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in Miller Industries in the second quarter valued at $39,000. Point72 DIFC Ltd grew 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 buying an additional 595 shares during the last quarter. EntryPoint Capital LLC increased its holdings in Miller Industries by 101.3% during the 1st quarter. EntryPoint Capital LLC now owns 1,814 shares of the auto parts company's stock valued at $91,000 after purchasing an additional 913 shares in the last quarter. Quest Partners LLC bought a new position in shares of Miller Industries in the second quarter worth about $200,000. Finally, Lakewood Asset Management LLC bought a new stake in shares of Miller Industries during the third quarter worth $250,000. Institutional investors and hedge funds own 79.24% of the company's stock.
Miller Industries Stock Performance
Shares of NYSE:MLR traded up $0.68 during trading on Monday, reaching $75.82. 48,910 shares of the stock were exchanged, compared to its average volume of 74,413. The firm has a market cap of $868.44 million, a PE ratio of 12.21 and a beta of 0.94. The company has a current ratio of 2.08, a quick ratio of 1.44 and a debt-to-equity ratio of 0.18. Miller Industries, Inc. has a 12 month low of $38.33 and a 12 month high of $76.92. The stock has a 50-day moving average price of $62.74 and a 200-day moving average price of $60.00.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. DA Davidson started coverage on shares of Miller Industries in a research report on Wednesday, October 2nd. They issued 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, November 5th.
View Our Latest Stock Report on MLR
Miller Industries Profile
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Free Report)
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.
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