Alambic Investment Management L.P. Buys Shares of 16,441 Miller Industries, Inc. (MLR)

Alambic Investment Management L.P. bought a new stake in shares of Miller Industries, Inc. (NYSE:MLR) during the 4th quarter, HoldingsChannel reports. The firm bought 16,441 shares of the auto parts company’s stock, valued at approximately $444,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its stake in Miller Industries by 6.3% during the 4th quarter. Meeder Asset Management Inc. now owns 6,548 shares of the auto parts company’s stock valued at $176,000 after acquiring an additional 390 shares during the period. MetLife Investment Advisors LLC lifted its stake in shares of Miller Industries by 59.3% in the 3rd quarter. MetLife Investment Advisors LLC now owns 9,049 shares of the auto parts company’s stock worth $243,000 after purchasing an additional 3,369 shares during the period. New York State Common Retirement Fund lifted its stake in shares of Miller Industries by 7.5% in the 4th quarter. New York State Common Retirement Fund now owns 12,258 shares of the auto parts company’s stock worth $331,000 after purchasing an additional 858 shares during the period. HPM Partners LLC lifted its stake in shares of Miller Industries by 21.1% in the 3rd quarter. HPM Partners LLC now owns 13,229 shares of the auto parts company’s stock worth $356,000 after purchasing an additional 2,309 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of Miller Industries by 3.3% in the 4th quarter. Cerity Partners LLC now owns 13,660 shares of the auto parts company’s stock worth $369,000 after purchasing an additional 431 shares during the period. Institutional investors and hedge funds own 85.00% of the company’s stock.

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Shares of NYSE:MLR opened at $33.06 on Friday. Miller Industries, Inc. has a twelve month low of $22.80 and a twelve month high of $35.26. The company has a current ratio of 2.05, a quick ratio of 1.39 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $381.73 million, a PE ratio of 11.86 and a beta of 0.69.

Separately, ValuEngine upgraded shares of Miller Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

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Miller Industries Profile

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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Institutional Ownership by Quarter for Miller Industries (NYSE:MLR)

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