Ceredex Value Advisors LLC reduced its position in MillerKnoll, Inc. (NASDAQ:MLKN – Get Rating) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 377,900 shares of the company's stock after selling 9,567 shares during the quarter. Ceredex Value Advisors LLC owned about 0.50% of MillerKnoll worth $5,967,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of MillerKnoll in the 1st quarter worth $288,708,000. Vanguard Group Inc. purchased a new position in shares of MillerKnoll in the 1st quarter worth $245,927,000. Scharf Investments LLC raised its position in shares of MillerKnoll by 7.9% in the 3rd quarter. Scharf Investments LLC now owns 4,015,947 shares of the company's stock worth $62,649,000 after buying an additional 294,959 shares during the period. State Street Corp purchased a new position in MillerKnoll in the first quarter valued at about $85,709,000. Finally, Eaton Vance Management purchased a new position in MillerKnoll in the first quarter valued at about $81,726,000. 97.23% of the stock is owned by hedge funds and other institutional investors.
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NASDAQ:MLKN opened at $22.77 on Friday. The business's 50-day moving average is $21.18 and its two-hundred day moving average is $23.46. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.69 and a quick ratio of 0.93. The firm has a market capitalization of $1.72 billion, a PE ratio of 23.00 and a beta of 1.44. MillerKnoll, Inc. has a 12 month low of $15.54 and a 12 month high of $41.69.
MillerKnoll (NASDAQ:MLKN – Get Rating) last announced its earnings results on Wednesday, December 21st. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. The company had revenue of $1.07 billion during the quarter. MillerKnoll had a return on equity of 9.46% and a net margin of 1.78%.Analysts Set New Price Targets
Several research firms have commented on MLKN. Benchmark lowered MillerKnoll from a "buy" rating to a "hold" rating in a research report on Tuesday, November 29th. Craig Hallum lowered MillerKnoll from a "buy" rating to a "hold" rating and cut their price objective for the company from $50.00 to $20.00 in a research report on Thursday, September 29th.
MillerKnoll Profile
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MillerKnoll, Inc engages in the research, design, manufacture, and distribution of interior furnishings for use in various environments including office, healthcare, educational, and residential settings. It operates through the following segments: North America Contract, International Contract, Retail, and Corporate.
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