Isthmus Partners LLC Buys 19,163 Shares of Miller Industries, Inc. $MLR

Isthmus Partners LLC boosted its stake in shares of Miller Industries, Inc. (NYSE:MLR) by 44.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 62,221 shares of the auto parts company’s stock after buying an additional 19,163 shares during the quarter. Isthmus Partners LLC’s holdings in Miller Industries were worth $2,515,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Miller Industries by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 6,624 shares of the auto parts company’s stock worth $281,000 after purchasing an additional 312 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Miller Industries by 66.5% in the second quarter. EverSource Wealth Advisors LLC now owns 824 shares of the auto parts company’s stock valued at $37,000 after buying an additional 329 shares in the last quarter. CWM LLC increased its holdings in Miller Industries by 121.7% during the third quarter. CWM LLC now owns 849 shares of the auto parts company’s stock worth $34,000 after buying an additional 466 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Miller Industries during the third quarter worth $25,000. Finally, American Century Companies Inc. lifted its stake in Miller Industries by 4.2% in the second quarter. American Century Companies Inc. now owns 28,020 shares of the auto parts company’s stock valued at $1,246,000 after acquiring an additional 1,141 shares during the last quarter. Institutional investors and hedge funds own 79.24% of the company’s stock.

Miller Industries Price Performance

NYSE:MLR opened at $43.48 on Friday. The company has a market cap of $496.93 million, a P/E ratio of 16.72 and a beta of 1.25. The firm’s fifty day moving average price is $40.59 and its two-hundred day moving average price is $40.24. Miller Industries, Inc. has a one year low of $33.81 and a one year high of $61.72. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.46 and a quick ratio of 2.13.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MLR. Loop Capital set a $46.00 price objective on shares of Miller Industries in a research note on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Miller Industries in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Miller Industries presently has a consensus rating of “Hold” and an average target price of $55.00.

About Miller Industries

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.