Mueller Industries, Inc. (MLI) Short Interest Update

Mueller Industries, Inc. (NYSE:MLI) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 328,102 shares, a decline of 47.6% from the January 12th total of 625,842 shares. Based on an average trading volume of 210,255 shares, the short-interest ratio is presently 1.6 days. Approximately 0.6% of the shares of the stock are sold short.

Separately, TheStreet downgraded shares of Mueller Industries from a “b” rating to a “c” rating in a report on Tuesday, February 6th.

Shares of Mueller Industries (NYSE:MLI) opened at $26.48 on Thursday. Mueller Industries has a fifty-two week low of $25.59 and a fifty-two week high of $43.68. The company has a quick ratio of 1.70, a current ratio of 3.05 and a debt-to-equity ratio of 0.84. The firm has a market cap of $1,530.00, a PE ratio of 17.77 and a beta of 1.31.

Several institutional investors have recently bought and sold shares of MLI. BlackRock Inc. increased its holdings in shares of Mueller Industries by 3.3% in the 4th quarter. BlackRock Inc. now owns 7,424,345 shares of the industrial products company’s stock worth $263,045,000 after buying an additional 237,601 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Mueller Industries by 21.3% in the 3rd quarter. Victory Capital Management Inc. now owns 1,338,200 shares of the industrial products company’s stock worth $46,770,000 after buying an additional 234,749 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of Mueller Industries by 8.3% in the 3rd quarter. Wells Fargo & Company MN now owns 2,104,052 shares of the industrial products company’s stock worth $73,536,000 after buying an additional 161,718 shares during the last quarter. Gamco Investors INC. ET AL increased its holdings in shares of Mueller Industries by 3.5% in the 3rd quarter. Gamco Investors INC. ET AL now owns 4,072,580 shares of the industrial products company’s stock worth $142,337,000 after buying an additional 137,081 shares during the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in shares of Mueller Industries in the 4th quarter worth about $4,276,000. Hedge funds and other institutional investors own 89.75% of the company’s stock.

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Mueller Industries Company Profile

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.

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