Sanctuary Advisors LLC Invests $288,000 in MillerKnoll, Inc. (NASDAQ:MLKN)

Sanctuary Advisors LLC bought a new stake in MillerKnoll, Inc. (NASDAQ:MLKN) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 11,208 shares of the company’s stock, valued at approximately $288,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP increased its holdings in shares of MillerKnoll by 16.2% during the fourth quarter. Wellington Management Group LLP now owns 285,447 shares of the company’s stock valued at $7,616,000 after acquiring an additional 39,811 shares in the last quarter. PNC Financial Services Group Inc. grew its position in MillerKnoll by 387.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 15,119 shares of the company’s stock valued at $403,000 after purchasing an additional 12,015 shares during the period. HighPoint Advisor Group LLC bought a new stake in MillerKnoll during the 4th quarter valued at $242,000. Bridge City Capital LLC raised its holdings in MillerKnoll by 0.8% during the first quarter. Bridge City Capital LLC now owns 91,676 shares of the company’s stock worth $2,270,000 after buying an additional 693 shares during the last quarter. Finally, Hennessy Advisors Inc. lifted its stake in shares of MillerKnoll by 14.1% in the first quarter. Hennessy Advisors Inc. now owns 998,300 shares of the company’s stock valued at $24,718,000 after buying an additional 123,400 shares in the last quarter. 87.50% of the stock is owned by institutional investors and hedge funds.

MillerKnoll Stock Performance

Shares of MillerKnoll stock opened at $25.26 on Friday. The company has a market cap of $1.81 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 0.93 and a beta of 1.17. The company has a quick ratio of 0.93, a current ratio of 1.59 and a debt-to-equity ratio of 0.99. MillerKnoll, Inc. has a 52 week low of $22.43 and a 52 week high of $31.73. The business has a 50 day moving average price of $26.63 and a 200-day moving average price of $26.80.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Thursday, September 19th. The company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.04). MillerKnoll had a net margin of 1.80% and a return on equity of 10.93%. The firm had revenue of $861.50 million for the quarter, compared to the consensus estimate of $889.38 million. During the same period in the previous year, the business earned $0.37 earnings per share. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. Equities analysts anticipate that MillerKnoll, Inc. will post 2.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of MillerKnoll from a “buy” rating to a “hold” rating in a report on Thursday, October 10th.

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.