GAMMA Investing LLC Takes Position in MillerKnoll, Inc. (NASDAQ:MLKN)

GAMMA Investing LLC bought a new stake in MillerKnoll, Inc. (NASDAQ:MLKN) in the 4th quarter, HoldingsChannel.com reports. The firm bought 2,360 shares of the company’s stock, valued at approximately $63,000.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its stake in MillerKnoll by 1,117.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,449 shares of the company’s stock worth $39,000 after purchasing an additional 1,330 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in MillerKnoll during the 3rd quarter worth $36,000. Daiwa Securities Group Inc. acquired a new stake in MillerKnoll during the 4th quarter worth $40,000. Signaturefd LLC boosted its stake in MillerKnoll by 52,066.7% during the 3rd quarter. Signaturefd LLC now owns 1,565 shares of the company’s stock worth $38,000 after purchasing an additional 1,562 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of MillerKnoll by 101.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,104 shares of the company’s stock worth $76,000 after acquiring an additional 1,561 shares during the period. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Stock Down 0.4 %

MLKN stock opened at $25.32 on Thursday. MillerKnoll, Inc. has a one year low of $13.20 and a one year high of $31.33. The stock has a market capitalization of $1.81 billion, a PE ratio of 26.10, a price-to-earnings-growth ratio of 1.12 and a beta of 1.29. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 1.59. The company has a fifty day moving average of $27.84 and a 200-day moving average of $26.83.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of 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.