Geode Capital Management LLC Decreases Stake in MillerKnoll, Inc. (NASDAQ:MLKN)

Geode Capital Management LLC lessened its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,666,070 shares of the company’s stock after selling 15,213 shares during the period. Geode Capital Management LLC owned approximately 2.44% of MillerKnoll worth $37,645,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MLKN. FMR LLC raised its position in MillerKnoll by 939.8% during the 3rd quarter. FMR LLC now owns 38,784 shares of the company’s stock worth $960,000 after buying an additional 35,054 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of MillerKnoll by 56.6% during the third quarter. Jane Street Group LLC now owns 90,960 shares of the company’s stock worth $2,252,000 after purchasing an additional 32,861 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in MillerKnoll by 458.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company’s stock valued at $33,000 after purchasing an additional 1,201 shares during the period. Amundi boosted its holdings in MillerKnoll by 207.3% in the fourth quarter. Amundi now owns 40,433 shares of the company’s stock valued at $884,000 after purchasing an additional 27,276 shares during the last quarter. Finally, Barclays PLC grew its position in MillerKnoll by 37.7% during the 3rd quarter. Barclays PLC now owns 119,389 shares of the company’s stock worth $2,957,000 after purchasing an additional 32,686 shares during the period. Institutional investors and hedge funds own 87.50% of the company’s stock.

MillerKnoll Price Performance

MLKN stock opened at $16.17 on Wednesday. MillerKnoll, Inc. has a 1 year low of $15.85 and a 1 year high of $31.73. The firm has a market capitalization of $1.10 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. The business has a 50 day simple moving average of $19.85 and a 200-day simple moving average of $22.27.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 EPS for the quarter, meeting analysts’ consensus estimates of $0.44. The firm had revenue of $876.20 million for the quarter, compared to analysts’ expectations of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The firm’s quarterly revenue was up .4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 earnings per share. Equities research analysts anticipate that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MLKN. StockNews.com downgraded shares of MillerKnoll from a “buy” rating to a “hold” rating in a research report on Saturday, March 29th. Sidoti upgraded MillerKnoll to a “hold” rating in a research report on Tuesday, March 25th.

MillerKnoll Company 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.