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

Raymond James & Associates lifted its holdings in MillerKnoll, Inc. (NASDAQ:MLKN – Get 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

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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.