Miller Industries, Inc. (MLR) Holdings Cut by Huber Capital Management LLC

Huber Capital Management LLC lessened its holdings in Miller Industries, Inc. (NYSE:MLR) by 6.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 243,097 shares of the auto parts company’s stock after selling 15,514 shares during the quarter. Huber Capital Management LLC owned 2.14% of Miller Industries worth $6,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP lifted its position in shares of Miller Industries by 18.0% during the 2nd quarter. First Trust Advisors LP now owns 12,900 shares of the auto parts company’s stock valued at $330,000 after buying an additional 1,971 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of Miller Industries by 6.7% during the 2nd quarter. California Public Employees Retirement System now owns 35,646 shares of the auto parts company’s stock valued at $911,000 after buying an additional 2,246 shares during the last quarter. Systematic Financial Management LP lifted its position in shares of Miller Industries by 29.5% during the 2nd quarter. Systematic Financial Management LP now owns 31,879 shares of the auto parts company’s stock valued at $815,000 after buying an additional 7,269 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Miller Industries by 73.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,251 shares of the auto parts company’s stock valued at $464,000 after buying an additional 7,299 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Miller Industries by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 956,540 shares of the auto parts company’s stock valued at $25,731,000 after buying an additional 8,862 shares during the last quarter. 83.99% of the stock is currently owned by hedge funds and other institutional investors.

Separately, ValuEngine cut Miller Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.

Shares of MLR opened at $28.11 on Thursday. The stock has a market cap of $319.85 million, a P/E ratio of 9.93 and a beta of 0.64. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.39 and a current ratio of 2.05. Miller Industries, Inc. has a 52-week low of $22.80 and a 52-week high of $29.40.

Miller Industries (NYSE:MLR) last announced its earnings results on Wednesday, November 7th. The auto parts company reported $0.76 earnings per share for the quarter. The business had revenue of $195.69 million for the quarter. Miller Industries had a return on equity of 15.28% and a net margin of 4.66%.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Monday, December 3rd will be paid a $0.18 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.72 dividend on an annualized basis and a yield of 2.56%.

COPYRIGHT VIOLATION NOTICE: “Miller Industries, Inc. (MLR) Holdings Cut by Huber Capital Management LLC” was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/12/06/miller-industries-inc-mlr-holdings-cut-by-huber-capital-management-llc.html.

About Miller Industries

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.

Recommended Story: Hedge Funds – How They Work For Investors

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

Receive News & Ratings for Miller Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Miller Industries and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply