Bard Associates Inc. Reduces Position in Miller Industries, Inc. (NYSE:MLR)

Bard Associates Inc. cut its stake in shares of Miller Industries, Inc. (NYSE:MLR) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,440 shares of the auto parts company’s stock after selling 200 shares during the quarter. Bard Associates Inc. owned about 0.14% of Miller Industries worth $1,075,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Verition Fund Management LLC grew its holdings in shares of Miller Industries by 3.5% during the third quarter. Verition Fund Management LLC now owns 5,773 shares of the auto parts company’s stock valued at $352,000 after buying an additional 194 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Miller Industries by 5.2% during the fourth quarter. SG Americas Securities LLC now owns 5,423 shares of the auto parts company’s stock valued at $354,000 after buying an additional 270 shares during the last quarter. Redmont Wealth Advisors LLC grew its holdings in shares of Miller Industries by 2.3% during the fourth quarter. Redmont Wealth Advisors LLC now owns 12,392 shares of the auto parts company’s stock valued at $810,000 after buying an additional 282 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Miller Industries by 1.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 21,775 shares of the auto parts company’s stock valued at $1,423,000 after buying an additional 295 shares during the last quarter. Finally, Ellsworth Advisors LLC boosted its holdings in Miller Industries by 4.2% in the fourth quarter. Ellsworth Advisors LLC now owns 12,334 shares of the auto parts company’s stock valued at $806,000 after purchasing an additional 492 shares during the last quarter. 79.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MLR has been the subject of a number of recent research reports. StockNews.com lowered 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.

Miller Industries Trading Down 4.4 %

Shares of NYSE:MLR opened at $55.40 on Tuesday. Miller Industries, Inc. has a 12-month low of $44.54 and a 12-month high of $78.25. The company has a market capitalization of $633.72 million, a PE ratio of 9.19 and a beta of 0.97. The business has a 50 day moving average of $64.72 and a two-hundred day moving average of $65.14. The company has a current ratio of 2.12, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16.

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.