Duality Advisers LP Cuts Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Duality Advisers LP cut its stake in MillerKnoll, Inc. (NASDAQ:MLKN) by 11.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,076 shares of the company’s stock after selling 1,474 shares during the quarter. Duality Advisers LP’s holdings in MillerKnoll were worth $296,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of MillerKnoll by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 8,971,907 shares of the company’s stock valued at $219,363,000 after acquiring an additional 48,165 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of MillerKnoll by 9.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,274,929 shares of the company’s stock valued at $31,172,000 after acquiring an additional 110,470 shares during the period. LSV Asset Management increased its holdings in shares of MillerKnoll by 141.1% in the 3rd quarter. LSV Asset Management now owns 1,040,300 shares of the company’s stock valued at $25,435,000 after acquiring an additional 608,810 shares during the period. Northern Trust Corp grew its stake in MillerKnoll by 3.1% during the 3rd quarter. Northern Trust Corp now owns 848,549 shares of the company’s stock worth $20,747,000 after buying an additional 25,270 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in MillerKnoll by 21.7% during the 3rd quarter. Victory Capital Management Inc. now owns 425,974 shares of the company’s stock worth $10,415,000 after buying an additional 75,920 shares during the last quarter. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

MillerKnoll Stock Up 1.5 %

Shares of MLKN stock opened at $25.73 on Friday. MillerKnoll, Inc. has a 1-year low of $13.20 and a 1-year high of $31.33. The stock’s fifty day moving average price is $28.06 and its 200 day moving average price is $26.80. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.59 and a quick ratio of 0.95. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 1.09 and a beta of 1.29.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings results on Wednesday, March 27th. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. MillerKnoll had a return on equity of 9.61% and a net margin of 1.96%. The company had revenue of $872.30 million during the quarter, compared to analysts’ expectations of $909.55 million. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm’s revenue was down 11.4% compared to the same quarter last year. On average, research analysts expect that MillerKnoll, Inc. will post 1.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com downgraded MillerKnoll from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 28th.

About MillerKnoll

MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. It operates through three segments: Americas Contract, International Contract & Specialty, and Global Retail. The company also provides seating products, furniture systems, other freestanding furniture elements, textiles, leather, felt, home furnishings and related services, casegoods, storage products, as well as residential, education, and healthcare furniture solutions.