Invesco Ltd. Sells 91,506 Shares of MillerKnoll, Inc. (NASDAQ:MLKN)

Invesco Ltd. reduced its stake in MillerKnoll, Inc. (NASDAQ:MLKN - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,033,227 shares of the company's stock after selling 91,506 shares during the period. Invesco Ltd. owned approximately 2.98% of MillerKnoll worth $45,931,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in shares of MillerKnoll by 458.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,463 shares of the company's stock worth $33,000 after acquiring an additional 1,201 shares during the period. Avior Wealth Management LLC lifted its stake in MillerKnoll by 228.8% during the fourth quarter. Avior Wealth Management LLC now owns 2,081 shares of the company's stock worth $47,000 after purchasing an additional 1,448 shares during the last quarter. KBC Group NV boosted its holdings in shares of MillerKnoll by 62.9% in 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. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of MillerKnoll in the 4th quarter valued at $238,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of MillerKnoll during the 4th quarter worth $339,000. Institutional investors and hedge funds own 87.50% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MLKN shares. Sidoti upgraded MillerKnoll to a "hold" rating in a research report on Tuesday, March 25th. StockNews.com lowered shares of MillerKnoll from a "buy" rating to a "hold" rating in a report on Saturday, March 29th.

MillerKnoll Price Performance

Shares of NASDAQ MLKN traded down $0.40 during mid-day trading on Monday, hitting $15.32. 17,879 shares of the stock traded hands, compared to its average volume of 604,401. The company has a market cap of $1.04 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05. MillerKnoll, Inc. has a twelve month low of $15.28 and a twelve month high of $31.73. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.60 and a quick ratio of 0.99. The firm has a 50 day simple moving average of $19.46 and a two-hundred day simple moving average of $22.07.

MillerKnoll (NASDAQ:MLKN - Get Free Report) last released its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 the consensus estimate of $918.88 million. During the same quarter in the prior year, the firm posted $0.45 earnings per share. The firm's revenue was up .4% compared to the same quarter last year. As a group, equities research analysts forecast that MillerKnoll, Inc. will post 2.12 EPS for the current fiscal year.

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.