Arizona State Retirement System lowered its holdings in MillerKnoll, Inc. (NASDAQ:MLKN – Free Report) by 4.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,543 shares of the company’s stock after selling 990 shares during the period. Arizona State Retirement System’s holdings in MillerKnoll were worth $548,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in MLKN. Allspring Global Investments Holdings LLC bought a new position in MillerKnoll in the third quarter valued at $36,000. US Bancorp DE bought a new position in MillerKnoll in the first quarter valued at $36,000. Signaturefd LLC grew its position in MillerKnoll by 52,066.7% in the third quarter. Signaturefd LLC now owns 1,565 shares of the company’s stock valued at $38,000 after purchasing an additional 1,562 shares in the last quarter. Quarry LP bought a new position in MillerKnoll in the second quarter valued at $39,000. Finally, Captrust Financial Advisors grew its position in MillerKnoll by 31.3% in the second quarter. Captrust Financial Advisors now owns 1,551 shares of the company’s stock valued at $41,000 after purchasing an additional 370 shares in the last quarter. Institutional investors own 87.50% of the company’s stock.
MillerKnoll Stock Performance
Shares of MLKN stock opened at $25.12 on Friday. The stock has a market cap of $1.80 billion, a P/E ratio of 25.90, a P/E/G ratio of 1.05 and a beta of 1.29. 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 company has a fifty day moving average price of $28.46 and a two-hundred day moving average price of $26.73. MillerKnoll, Inc. has a one year low of $13.20 and a one year high of $31.33.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of MillerKnoll from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 28th.
Read Our Latest Analysis on MillerKnoll
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.
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