Mirae Asset Global Investments Co. Ltd. Has $947,000 Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 8.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 35,492 shares of the company’s stock after acquiring an additional 2,834 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in MillerKnoll were worth $947,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its stake in shares of MillerKnoll by 524.4% in the 3rd quarter. SG Americas Securities LLC now owns 109,836 shares of the company’s stock valued at $2,685,000 after acquiring an additional 92,244 shares in the last quarter. Intellectus Partners LLC boosted its holdings in MillerKnoll by 5.3% during the 3rd quarter. Intellectus Partners LLC now owns 16,790 shares of the company’s stock worth $414,000 after acquiring an additional 845 shares during the last quarter. Verdence Capital Advisors LLC purchased a new position in MillerKnoll during the 3rd quarter worth $242,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in MillerKnoll by 36.0% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,071 shares of the company’s stock worth $368,000 after acquiring an additional 3,993 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of MillerKnoll in the 3rd quarter worth about $36,000. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Trading Up 2.4 %

Shares of MillerKnoll stock opened at $26.16 on Wednesday. MillerKnoll, Inc. has a 52-week low of $13.20 and a 52-week high of $31.33. The stock’s 50-day simple moving average is $28.32 and its 200 day simple moving average is $26.82. The stock has a market capitalization of $1.87 billion, a P/E ratio of 26.97, a P/E/G ratio of 1.08 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.

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

Analyst Ratings Changes

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

MillerKnoll 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.