MillerKnoll, Inc. (NASDAQ:MLKN) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. reduced its stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) by 11.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 3,567,013 shares of the company’s stock after selling 448,449 shares during the quarter. Pacer Advisors Inc. owned approximately 0.05% of MillerKnoll worth $88,319,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of MillerKnoll by 35.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,642 shares of the company’s stock valued at $41,000 after buying an additional 426 shares during the period. SummerHaven Investment Management LLC boosted its stake in MillerKnoll by 1.3% in the second quarter. SummerHaven Investment Management LLC now owns 44,779 shares of the company’s stock valued at $1,186,000 after acquiring an additional 580 shares during the period. Bank of Montreal Can grew its holdings in shares of MillerKnoll by 6.0% during the second quarter. Bank of Montreal Can now owns 13,551 shares of the company’s stock valued at $359,000 after purchasing an additional 768 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of MillerKnoll by 254.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,201 shares of the company’s stock worth $32,000 after purchasing an additional 862 shares during the period. Finally, Hsbc Holdings PLC lifted its holdings in shares of MillerKnoll by 10.3% in the 2nd quarter. Hsbc Holdings PLC now owns 9,761 shares of the company’s stock worth $256,000 after purchasing an additional 908 shares during the last quarter. Institutional investors own 87.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of MillerKnoll from a “buy” rating to a “hold” rating in a report on Thursday, October 10th.

MillerKnoll Stock Performance

MLKN opened at $23.73 on Friday. MillerKnoll, Inc. has a twelve month low of $22.35 and a twelve month high of $31.73. The stock has a market cap of $1.64 billion, a PE ratio of 27.28, a price-to-earnings-growth ratio of 0.90 and a beta of 1.18. The business’s 50 day moving average is $24.45 and its 200-day moving average is $26.47. The company has a current ratio of 1.59, a quick ratio of 0.93 and a debt-to-equity ratio of 0.99.

MillerKnoll (NASDAQ:MLKN) last released its quarterly earnings results on Thursday, September 19th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.04). The business had revenue of $861.50 million during the quarter, compared to the consensus estimate of $889.38 million. MillerKnoll had a return on equity of 10.93% and a net margin of 1.80%. The company’s revenue for the quarter was down 6.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.37 EPS. On average, analysts predict that MillerKnoll, Inc. will post 2.17 earnings per share for the current year.

MillerKnoll Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Saturday, November 30th will be issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Friday, November 29th. MillerKnoll’s dividend payout ratio (DPR) is presently 86.21%.

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.