Stoneridge Investment Partners LLC Invests $323,000 in Mueller Industries, Inc. (NYSE:MLI)
Stoneridge Investment Partners LLC bought a new stake in shares of Mueller Industries, Inc. (NYSE:MLI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,599 shares of the industrial products company’s stock, valued at approximately $323,000.
Other large investors have also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new stake in Mueller Industries during the first quarter valued at approximately $168,000. Nisa Investment Advisors LLC purchased a new stake in Mueller Industries during the second quarter valued at approximately $152,000. State of Alaska Department of Revenue boosted its stake in Mueller Industries by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 6,360 shares of the industrial products company’s stock valued at $217,000 after buying an additional 130 shares during the last quarter. Two Sigma Securities LLC purchased a new stake in Mueller Industries during the first quarter valued at approximately $222,000. Finally, Sii Investments Inc. WI purchased a new stake in Mueller Industries during the first quarter valued at approximately $275,000. Hedge funds and other institutional investors own 90.29% of the company’s stock.
Shares of Mueller Industries, Inc. (MLI) opened at 29.65 on Friday. Mueller Industries, Inc. has a 1-year low of $27.72 and a 1-year high of $43.96. The firm has a 50-day moving average price of $30.49 and a 200 day moving average price of $33.53. The company has a market cap of $1.71 billion, a PE ratio of 16.93 and a beta of 1.37.
COPYRIGHT VIOLATION NOTICE: “Stoneridge Investment Partners LLC Invests $323,000 in Mueller Industries, Inc. (NYSE:MLI)” was posted by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was illegally copied and republished in violation of international trademark and copyright laws. The original version of this article can be read at https://www.watchlistnews.com/stoneridge-investment-partners-llc-invests-323000-in-mueller-industries-inc-nysemli/1477346.html.
In other Mueller Industries news, Director John B. Hansen sold 2,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $31.05, for a total value of $62,100.00. Following the transaction, the director now owns 45,607 shares in the company, valued at $1,416,097.35. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.79% of the stock is currently owned by corporate insiders.
About Mueller Industries
Mueller Industries, Inc is a manufacturer of copper, brass, aluminum and plastic products. The Company operates through three segments: Piping Systems, Industrial Metals and Climate. The Company’s products include copper tube and fittings; line sets; brass and copper alloy rod, bar, and shapes; aluminum and brass forgings; aluminum impact extrusions; plastic fittings and valves; refrigeration valves and fittings; fabricated tubular products, and steel nipples.
Want to see what other hedge funds are holding MLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mueller Industries, Inc. (NYSE:MLI).
Receive News & Ratings for Mueller Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mueller Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.