Russell Investments Group Ltd. lowered its holdings in MillerKnoll, Inc. (NASDAQ:MLKN – Free Report) by 22.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 422,621 shares of the company’s stock after selling 121,704 shares during the quarter. Russell Investments Group Ltd.’s holdings in MillerKnoll were worth $11,276,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of MillerKnoll during the 3rd quarter worth $36,000. Signaturefd LLC raised its stake 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 buying an additional 1,562 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of 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. Daiwa Securities Group Inc. acquired a new position in shares of MillerKnoll during the 4th quarter worth $40,000. Finally, GAMMA Investing LLC acquired a new position in shares of MillerKnoll during the 4th quarter worth $63,000. Institutional investors and hedge funds own 87.50% of the company’s stock.
MillerKnoll Stock Up 0.2 %
MLKN opened at $26.20 on Monday. 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 stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 1.13 and a beta of 1.25. The business has a 50-day moving average of $27.72 and a two-hundred day moving average of $26.86. MillerKnoll, Inc. has a 12 month low of $13.20 and a 12 month high of $31.33.
Analysts Set New Price Targets
Separately, StockNews.com cut MillerKnoll from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 28th.
Read Our Latest Research Report on MillerKnoll
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.
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