Russell Investments Group Ltd. Has $9.80 Million Stake in MillerKnoll, Inc. (NASDAQ:MLKN)

Russell Investments Group Ltd. raised its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 198.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 433,884 shares of the company's stock after purchasing an additional 288,304 shares during the quarter. Russell Investments Group Ltd. owned 0.64% of MillerKnoll worth $9,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Smartleaf Asset Management LLC grew its stake in MillerKnoll by 458.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock worth $33,000 after buying an additional 1,201 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of MillerKnoll by 228.8% in the 4th quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock worth $47,000 after acquiring an additional 1,448 shares in the last quarter. KBC Group NV increased its holdings in MillerKnoll by 62.9% during the 4th quarter. KBC Group NV now owns 3,319 shares of the company's stock valued at $75,000 after purchasing an additional 1,281 shares in the last quarter. Verition Fund Management LLC acquired a new stake in MillerKnoll during the 3rd quarter valued at $210,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new position in MillerKnoll in the 4th quarter valued at $238,000. 87.50% of the stock is currently owned by institutional investors.

MillerKnoll Trading Up 0.7 %

MLKN traded up $0.11 during mid-day trading on Thursday, reaching $15.79. The stock had a trading volume of 92,381 shares, compared to its average volume of 603,899. The firm's fifty day simple moving average is $19.72 and its two-hundred day simple moving average is $22.22. The stock has a market capitalization of $1.07 billion, a P/E ratio of 17.33, a P/E/G ratio of 0.89 and a beta of 1.05. MillerKnoll, Inc. has a 52 week low of $15.30 and a 52 week 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.

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

Wall Street Analysts Forecast Growth

MLKN has been the subject of a number of research reports. Sidoti upgraded MillerKnoll to a "hold" rating in a research note on Tuesday, March 25th. StockNews.com cut shares of MillerKnoll from a "buy" rating to a "hold" rating in a research report on Saturday, March 29th.

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.