Raymond James & Associates Has $2.61 Million Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Raymond James & Associates lifted its holdings in MillerKnoll, Inc. (NASDAQ:MLKNGet Rating) by 23.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 167,452 shares of the company’s stock after acquiring an additional 32,351 shares during the quarter. Raymond James & Associates’ holdings in MillerKnoll were worth $2,612,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. bought a new stake in MillerKnoll during the first quarter worth about $288,708,000. Vanguard Group Inc. bought a new stake in MillerKnoll during the first quarter worth about $245,927,000. Scharf Investments LLC lifted its position in MillerKnoll by 7.9% during the third quarter. Scharf Investments LLC now owns 4,015,947 shares of the company’s stock worth $62,649,000 after purchasing an additional 294,959 shares during the period. State Street Corp bought a new stake in MillerKnoll during the first quarter worth about $85,709,000. Finally, Eaton Vance Management bought a new stake in MillerKnoll during the first quarter worth about $81,726,000. 97.23% of the stock is currently owned by institutional investors and hedge funds.

MillerKnoll Stock Up 2.7 %

MLKN stock opened at $22.53 on Friday. The stock has a market capitalization of $1.70 billion, a P/E ratio of 22.76 and a beta of 1.44. The company has a current ratio of 1.69, a quick ratio of 0.93 and a debt-to-equity ratio of 1.00. MillerKnoll, Inc. has a 12 month low of $15.54 and a 12 month high of $41.69. The firm has a 50-day moving average price of $21.21 and a 200-day moving average price of $23.56.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Craig Hallum cut shares of MillerKnoll from a “buy” rating to a “hold” rating and cut their price objective for the stock from $50.00 to $20.00 in a research report on Thursday, September 29th. Benchmark cut shares of MillerKnoll from a “buy” rating to a “hold” rating in a report on Tuesday, November 29th.

MillerKnoll Company Profile

(Get Rating)

MillerKnoll, Inc engages in the research, design, manufacture, and distribution of interior furnishings for use in various environments including office, healthcare, educational, and residential settings. It operates through the following segments: North America Contract, International Contract, Retail, and Corporate.

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Institutional Ownership by Quarter for MillerKnoll (NASDAQ:MLKN)

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