Mutual of America Capital Management LLC Takes Position in MillerKnoll, Inc. (NASDAQ:MLKN)

Mutual of America Capital Management LLC purchased a new stake in shares of MillerKnoll, Inc. (NASDAQ:MLKNGet 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.

MillerKnoll (NASDAQ:MLKNGet Rating) last announced its quarterly earnings data on Wednesday, September 28th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.11. MillerKnoll had a net margin of 1.33% and a return on equity of 9.72%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period last year, the firm earned $0.49 earnings per share. The business’s revenue for the quarter was up 36.6% on a year-over-year basis.

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

(Get Rating)

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.

Further Reading

Institutional Ownership by Quarter for MillerKnoll (NASDAQ:MLKN)

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