Perritt Capital Management Inc. reduced its holdings in Miller Industries, Inc. (NYSE:MLR) by 5.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 166,271 shares of the auto parts company’s stock after selling 9,940 shares during the period. Miller Industries comprises 1.2% of Perritt Capital Management Inc.’s holdings, making the stock its 17th biggest position. Perritt Capital Management Inc. owned about 1.46% of Miller Industries worth $4,290,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Bank of Montreal Can purchased a new stake in shares of Miller Industries in the 4th quarter valued at $120,000. Parametric Portfolio Associates LLC acquired a new position in Miller Industries during the second quarter worth $223,000. Russell Investments Group Ltd. acquired a new position in Miller Industries during the third quarter worth $228,000. Alliancebernstein L.P. acquired a new position in Miller Industries during the second quarter worth $273,000. Finally, Valeo Financial Advisors LLC acquired a new position in Miller Industries during the third quarter worth $307,000. 85.71% of the stock is currently owned by institutional investors and hedge funds.
Miller Industries, Inc. (NYSE MLR) opened at $25.05 on Friday. The company has a current ratio of 2.25, a quick ratio of 1.64 and a debt-to-equity ratio of 0.10. Miller Industries, Inc. has a 12-month low of $22.80 and a 12-month high of $29.00. The firm has a market cap of $283.32, a price-to-earnings ratio of 15.75 and a beta of 0.57.
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Miller Industries Company Profile
Miller Industries, Inc is a manufacturer of towing and recovery equipment. The Company manufactures the bodies of wreckers and car carriers, which are installed on truck chassis manufactured by third parties. It has domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France and the United Kingdom.
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