GAMMA Investing LLC Buys 426 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

GAMMA Investing LLC lifted its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 35.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,642 shares of the company’s stock after purchasing an additional 426 shares during the period. GAMMA Investing LLC’s holdings in MillerKnoll were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its position in MillerKnoll by 16.2% during the fourth quarter. Wellington Management Group LLP now owns 285,447 shares of the company’s stock worth $7,616,000 after acquiring an additional 39,811 shares during the period. PNC Financial Services Group Inc. raised its position in shares of MillerKnoll by 387.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 15,119 shares of the company’s stock valued at $403,000 after buying an additional 12,015 shares in the last quarter. HighPoint Advisor Group LLC acquired a new stake in MillerKnoll during the fourth quarter worth approximately $242,000. Bridge City Capital LLC increased its stake in MillerKnoll by 0.8% during the 1st quarter. Bridge City Capital LLC now owns 91,676 shares of the company’s stock worth $2,270,000 after acquiring an additional 693 shares during the period. Finally, Hennessy Advisors Inc. raised its holdings in MillerKnoll by 14.1% in the 1st quarter. Hennessy Advisors Inc. now owns 998,300 shares of the company’s stock valued at $24,718,000 after acquiring an additional 123,400 shares in the last quarter. Institutional investors own 87.50% of the company’s stock.

Analysts Set New Price Targets

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

MillerKnoll Price Performance

MLKN stock opened at $25.54 on Friday. The company’s 50-day moving average price is $26.69 and its two-hundred day moving average price is $26.81. The firm has a market cap of $1.83 billion, a P/E ratio of 23.01, a P/E/G 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 12 month low of $22.43 and a 12 month high of $31.73.

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

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.