Mirae Asset Global Investments Co. Ltd. Grows Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Mirae Asset Global Investments Co. Ltd. increased its position in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 8.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,492 shares of the company’s stock after buying an additional 2,834 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in MillerKnoll were worth $947,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MLKN. International Assets Investment Management LLC boosted its holdings in shares of MillerKnoll by 1,117.6% in the 4th quarter. International Assets Investment Management LLC now owns 1,449 shares of the company’s stock valued at $39,000 after buying an additional 1,330 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of MillerKnoll by 359.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 79,781 shares of the company’s stock worth $2,129,000 after acquiring an additional 62,403 shares during the period. Diversified Trust Co acquired a new stake in shares of MillerKnoll in the 4th quarter worth approximately $307,000. Vanguard Group Inc. raised its holdings in shares of MillerKnoll by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 8,971,907 shares of the company’s stock worth $219,363,000 after purchasing an additional 48,165 shares in the last quarter. Finally, Twin Lakes Capital Management LLC raised its holdings in shares of MillerKnoll by 0.9% in the 3rd quarter. Twin Lakes Capital Management LLC now owns 54,627 shares of the company’s stock worth $1,336,000 after purchasing an additional 474 shares in the last quarter. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Price Performance

MLKN opened at $26.16 on Wednesday. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 26.97, a PEG ratio of 1.08 and a beta of 1.29. The stock has a fifty day moving average price of $28.32 and a 200 day moving average price of $26.82. MillerKnoll, Inc. has a 1 year low of $13.20 and a 1 year high of $31.33. The company has a current ratio of 1.59, a quick ratio of 0.95 and a debt-to-equity ratio of 0.93.

MillerKnoll (NASDAQ:MLKN) last issued its quarterly earnings data on Wednesday, March 27th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. MillerKnoll had a net margin of 1.96% and a return on equity of 9.61%. The firm had revenue of $872.30 million during the quarter, compared to analysts’ expectations of $909.55 million. During the same period in the prior year, the company posted $0.54 earnings per share. MillerKnoll’s revenue for the quarter was down 11.4% on a year-over-year basis. Analysts forecast that MillerKnoll, Inc. will post 1.94 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered MillerKnoll from a “strong-buy” rating to a “buy” rating in a report on Thursday, March 28th.

MillerKnoll Company 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.