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

Bard Associates Inc. trimmed its holdings in shares of Miller Industries, Inc. (NYSE:MLR) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,440 shares of the auto parts company’s stock after selling 200 shares during the quarter. Bard Associates Inc.’s holdings in Miller Industries were worth $1,075,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in MLR. R Squared Ltd acquired a new position in shares of Miller Industries during the 4th quarter worth approximately $36,000. Sanctuary Advisors LLC acquired a new position in shares of Miller Industries during the 3rd quarter worth approximately $195,000. Yorktown Management & Research Co Inc acquired a new position in shares of Miller Industries during the 4th quarter worth approximately $307,000. Verition Fund Management LLC raised its stake in shares of 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 worth $352,000 after buying an additional 194 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of Miller Industries by 5.2% during the 4th quarter. SG Americas Securities LLC now owns 5,423 shares of the auto parts company’s stock worth $354,000 after buying an additional 270 shares during the period. 79.24% of the stock is owned by institutional investors and hedge funds.

Miller Industries Stock Down 4.4 %

Shares of MLR opened at $55.40 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.46 and a current ratio of 2.12. Miller Industries, Inc. has a one year low of $44.54 and a one year high of $78.25. The stock has a market capitalization of $633.72 million, a price-to-earnings ratio of 9.19 and a beta of 0.97. The stock has a 50 day moving average price of $64.72 and a 200 day moving average price of $65.14.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. StockNews.com downgraded Miller Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. DA Davidson reiterated a “buy” rating and set a $82.00 price target on shares of Miller Industries in a research report on Friday, November 15th.

About Miller Industries

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.