Trading was heavy with 64K shares changing hands in the last trading session. Overall, volume was up 146.72% over the stocks normal daily volume.
Investors are more bullish on shares of Miller Industries recently considering the motion in short interest. The company had a fall in short interest of -2.52% as of October 13, 2017 from the last reporting period. Short interest fell 1,506 over that period. Days to cover increased from 1.0 to 2.0 and the percentage of shorted shares is 0.01% as of October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (MLR). California State Teachers Retirement System cut its holdings by shedding 1,774 shares a decrease of 9.1% in the quarter. California State Teachers Retirement System now holds 17,724 shares with a value of $495,000. The total value of its holdings increased 2.1%. As of the end of the quarter Lsv Asset Management had bought a total of 53,146 shares growing its position 718.2%. The value in dollars increased from $183,000 to $1,692,000 a change of $1,509,000 for the reporting period.
Wellington Management Group Llp augmented its position by buying 5,794 shares an increase of 1.9%. Wellington Management Group Llp now controls 303,968 shares valued at $8,496,000. The value of the position overall is up by 14.7%. Dimensional Fund Advisors Lp trimmed its stake by selling 2,958 shares a decrease of 0.3% as of 09/30/2017. Dimensional Fund Advisors Lp owns 954,692 shares worth $26,684,000. The total value of its holdings increased 12.1%.
The company is down since yesterday’s close of 25. Miller Industries’s P/E ratio is 15.59 and the market cap of the company is 283.32M. As of the last earnings report the EPS was $1.60 with 11.38M shares outstanding.
Miller Industries, Inc., launched on April 28, 1994, 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 offices in Ooltewah, Tennessee, domestic manufacturing operations in Tennessee and Pennsylvania, and foreign manufacturing operations in France and the United Kingdom. The Company purchases truck chassis for resale its customers. The Company also manufactures vehicle transport trailers. As of December 31, 2016, the Business’s products were sold through independent distributors all 50 states, Canada and Mexico, and other foreign markets including Europe, the Pacific Rim, the Middle East, South America and Africa, and through prime contractors to governmental entities. The Business’s products are offered under various brands, including Century, Vulcan, Challenger, Holmes, Champion, Chevron, Eagle, Titan, Jige and Boniface..