Isthmus Partners LLC Has $2.52 Million Stake in Miller Industries, Inc. $MLR

Isthmus Partners LLC lifted its holdings in shares of Miller Industries, Inc. (NYSE:MLR) by 44.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,221 shares of the auto parts company’s stock after purchasing an additional 19,163 shares during the quarter. Isthmus Partners LLC owned 0.54% of Miller Industries worth $2,515,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of MLR. AQR Capital Management LLC grew its position in shares of Miller Industries by 41.9% in the 1st quarter. AQR Capital Management LLC now owns 13,019 shares of the auto parts company’s stock valued at $552,000 after purchasing an additional 3,846 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Miller Industries by 4.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,624 shares of the auto parts company’s stock valued at $281,000 after buying an additional 312 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Miller Industries by 855.1% in the first quarter. Millennium Management LLC now owns 156,930 shares of the auto parts company’s stock valued at $6,649,000 after buying an additional 140,500 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of Miller Industries by 64.9% in the first quarter. Goldman Sachs Group Inc. now owns 286,984 shares of the auto parts company’s stock valued at $12,160,000 after buying an additional 112,925 shares during the period. Finally, Strs Ohio bought a new stake in shares of Miller Industries during the first quarter worth $182,000. Institutional investors own 79.24% of the company’s stock.

Miller Industries Stock Performance

Shares of MLR opened at $43.48 on Friday. The stock has a market capitalization of $496.93 million, a price-to-earnings ratio of 16.72 and a beta of 1.25. Miller Industries, Inc. has a 12 month low of $33.81 and a 12 month high of $61.72. The firm has a fifty day simple moving average of $40.59 and a 200 day simple moving average of $40.24. The company has a current ratio of 3.46, a quick ratio of 2.13 and a debt-to-equity ratio of 0.11.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MLR. Loop Capital set a $46.00 price objective on shares of Miller Industries in a research report on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Miller Industries in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $55.00.

Miller Industries Company Profile

Miller Industries, Inc is a leading designer, engineer and manufacturer of towing and recovery vehicles and related equipment. The company’s product portfolio includes light-, medium- and heavy-duty tow trucks, integrated carriers, rotators, wreckers, trailers and associated hydraulic and electronic components. These products are marketed under well-known brand names, including Miller, Century, Holmes, Vulcan, Chevron and Jige International, serving a broad spectrum of customers in the towing, recovery, roadside assistance and vehicle transport industries.

Headquartered in Ooltewah, Tennessee, Miller Industries was founded in the early 1990s and has grown into a global supplier of towing and recovery solutions.