Investors Research Corp Cuts Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Investors Research Corp trimmed its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 23.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,048 shares of the company’s stock after selling 640 shares during the period. Investors Research Corp’s holdings in MillerKnoll were worth $55,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in MillerKnoll during the 3rd quarter worth $36,000. US Bancorp DE purchased a new position in MillerKnoll during the 1st quarter worth $36,000. Signaturefd LLC grew 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 buying an additional 1,562 shares during the last quarter. International Assets Investment Management LLC grew 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 buying an additional 1,330 shares during the last quarter. Finally, Quarry LP purchased a new position in MillerKnoll during the 2nd quarter worth $39,000. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

MillerKnoll Stock Performance

Shares of MLKN stock opened at $24.56 on Wednesday. The stock has a market cap of $1.76 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 1.08 and a beta of 1.29. The business has a 50-day simple moving average of $28.60 and a 200-day simple moving average of $26.76. The company has a quick ratio of 0.95, a current ratio of 1.59 and a debt-to-equity ratio of 0.93. MillerKnoll, Inc. has a 52-week low of $13.20 and a 52-week high of $31.33.

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

MillerKnoll Company Profile

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.