ExodusPoint Capital Management LP Makes New $1.44 Million Investment in MillerKnoll, Inc. (NASDAQ:MLKN)

ExodusPoint Capital Management LP bought a new position in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 63,619 shares of the company's stock, valued at approximately $1,437,000. ExodusPoint Capital Management LP owned 0.09% of MillerKnoll at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in MillerKnoll by 458.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock worth $33,000 after purchasing an additional 1,201 shares during the period. Avior Wealth Management LLC raised its position in MillerKnoll by 228.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock valued at $47,000 after buying an additional 1,448 shares during the period. KBC Group NV lifted its position in shares of MillerKnoll by 62.9% in the fourth quarter. KBC Group NV now owns 3,319 shares of the company's stock worth $75,000 after purchasing an additional 1,281 shares in the last quarter. Verition Fund Management LLC acquired a new stake in shares of MillerKnoll during the 3rd quarter valued at $210,000. Finally, Mitsubishi UFJ Trust & Banking Corp purchased a new position in MillerKnoll in the fourth quarter valued at about $238,000. 87.50% of the stock is currently owned by institutional investors.

MillerKnoll Price Performance

Shares of NASDAQ:MLKN traded down $0.16 during midday trading on Tuesday, reaching $16.12. 51,701 shares of the company's stock were exchanged, compared to its average volume of 603,395. MillerKnoll, Inc. has a 12 month low of $15.87 and a 12 month high of $31.73. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.99 and a current ratio of 1.60. The firm has a market capitalization of $1.09 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05. The company's 50 day simple moving average is $19.96 and its two-hundred day simple moving average is $22.31.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.44. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The company had revenue of $876.20 million during the quarter, compared to analysts' expectations of $918.88 million. During the same period last year, the business earned $0.45 earnings per share. The business's revenue was up .4% on a year-over-year basis. Equities research analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

MLKN has been the topic of several analyst reports. Sidoti upgraded shares of MillerKnoll to a "hold" rating in a research note on Tuesday, March 25th. StockNews.com downgraded shares of MillerKnoll from a "buy" rating to a "hold" rating in a research note on Saturday, March 29th.

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.