New York State Teachers Retirement System Sells 1,118 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

New York State Teachers Retirement System decreased its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 103,628 shares of the company’s stock after selling 1,118 shares during the quarter. New York State Teachers Retirement System’s holdings in MillerKnoll were worth $2,765,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of MillerKnoll in the third quarter valued at approximately $36,000. US Bancorp DE acquired a new stake in MillerKnoll in the 1st quarter worth $36,000. Signaturefd LLC increased its holdings in shares of 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. International Assets Investment Management LLC raised its position in shares of MillerKnoll by 1,117.6% during the fourth quarter. International Assets Investment Management LLC now owns 1,449 shares of the company’s stock valued at $39,000 after buying an additional 1,330 shares during the last quarter. Finally, Quarry LP acquired a new stake in MillerKnoll during the second quarter worth about $39,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Trading Down 3.7 %

Shares of MillerKnoll stock opened at $25.03 on Tuesday. MillerKnoll, Inc. has a 52-week low of $13.20 and a 52-week high of $31.33. The firm has a market capitalization of $1.79 billion, a PE ratio of 25.80, 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 current ratio of 1.59 and a quick ratio of 0.95. The company’s fifty day moving average price is $28.60 and its two-hundred day moving average price is $26.76.

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

Analysts Set New Price Targets

Separately, StockNews.com downgraded MillerKnoll from a “strong-buy” rating to a “buy” rating in a research report 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.