Mutual of America Capital Management LLC purchased a new stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN – Get Rating) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 63,414 shares of the company’s stock, valued at approximately $1,666,000. Mutual of America Capital Management LLC owned about 0.08% of MillerKnoll at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of MillerKnoll during the first quarter valued at approximately $288,708,000. Vanguard Group Inc. bought a new stake in shares of MillerKnoll during the first quarter valued at approximately $245,927,000. Beutel Goodman & Co Ltd. bought a new stake in shares of MillerKnoll during the first quarter valued at approximately $188,349,000. Scharf Investments LLC bought a new stake in shares of MillerKnoll during the second quarter valued at approximately $97,750,000. Finally, State Street Corp bought a new stake in shares of MillerKnoll during the first quarter valued at approximately $85,709,000. 92.42% of the stock is owned by institutional investors.
MillerKnoll Price Performance
Shares of MLKN stock opened at $23.07 on Friday. MillerKnoll, Inc. has a 52-week low of $15.54 and a 52-week high of $41.69. The stock has a market cap of $1.74 billion, a PE ratio of 31.60 and a beta of 1.53. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.93 and a current ratio of 1.72. The firm’s 50 day moving average price is $20.17 and its two-hundred day moving average price is $25.84.
Wall Street Analysts Forecast Growth
Separately, Craig Hallum cut shares of MillerKnoll from a “buy” rating to a “hold” rating and reduced their price objective for the company from $50.00 to $20.00 in a research note on Thursday, September 29th.
Insiders Place Their Bets
In other news, CEO Andrea Owen bought 60,606 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were bought at an average cost of $16.88 per share, for a total transaction of $1,023,029.28. Following the completion of the acquisition, the chief executive officer now owns 100,468 shares in the company, valued at approximately $1,695,899.84. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.81% of the company’s stock.
MillerKnoll Company Profile
MillerKnoll, Inc researches, designs, manufactures, and distributes interior furnishings worldwide. The company operates in four segments: Americas Contract, International Contract, Global Retail, and Knoll. It offers office furniture products under the Aeron, Mirra, Sayl, Embody, Layout Studio, Imagine Desking System, Ratio, Cosm, Tone, and Generation by Knoll names; and other seating and storage products and ergonomic accessories under the About A Chair, Palissade, Eero Saarinen designs, Barcelona, and the Flo monitor arm names.
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