MillerKnoll, Inc. (NASDAQ:MLKN) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its stake in MillerKnoll, Inc. (NASDAQ:MLKNFree Report) by 92.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,378 shares of the company’s stock after selling 221,253 shares during the quarter. Assenagon Asset Management S.A.’s holdings in MillerKnoll were worth $425,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MLKN. US Bancorp DE acquired a new position in shares of MillerKnoll in the 1st quarter valued at approximately $36,000. Captrust Financial Advisors acquired a new position in shares of MillerKnoll in the 1st quarter valued at approximately $41,000. Allspring Global Investments Holdings LLC acquired a new position in shares of MillerKnoll in the 3rd quarter valued at approximately $36,000. Signaturefd LLC raised its position in shares of MillerKnoll by 52,066.7% in the 3rd 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. Finally, Point72 Hong Kong Ltd acquired a new position in shares of MillerKnoll in the 1st quarter valued at approximately $58,000. Hedge funds and other institutional investors own 88.66% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jeffrey M. Stutz sold 9,771 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $28.23, for a total value of $275,835.33. Following the completion of the transaction, the insider now owns 35,622 shares of the company’s stock, valued at $1,005,609.06. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.69% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, raised MillerKnoll from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 22nd.

View Our Latest Report on MLKN

MillerKnoll Stock Performance

MLKN stock opened at $26.82 on Thursday. The company has a current ratio of 1.56, a quick ratio of 0.93 and a debt-to-equity ratio of 0.90. The firm has a market cap of $1.95 billion, a P/E ratio of 39.44, a P/E/G ratio of 1.08 and a beta of 1.29. MillerKnoll, Inc. has a 12-month low of $13.20 and a 12-month high of $31.33. The stock’s 50 day simple moving average is $26.97 and its 200 day simple moving average is $23.54.

MillerKnoll (NASDAQ:MLKNGet Free Report) last issued its earnings results on Wednesday, December 20th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.05. MillerKnoll had a return on equity of 10.06% and a net margin of 1.33%. The firm had revenue of $949.50 million for the quarter, compared to analyst estimates of $971.52 million. During the same period last year, the company earned $0.46 earnings per share. The firm’s revenue for the quarter was down 11.0% on a year-over-year basis. As a group, equities research analysts predict that MillerKnoll, Inc. will post 2.07 EPS for the current year.

About MillerKnoll

(Free Report)

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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Institutional Ownership by Quarter for MillerKnoll (NASDAQ:MLKN)

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