Front Street Capital Management Inc. Has $14.40 Million Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Front Street Capital Management Inc. grew its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 1.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 637,480 shares of the company’s stock after buying an additional 7,151 shares during the period. MillerKnoll makes up 2.5% of Front Street Capital Management Inc.’s portfolio, making the stock its 12th largest position. Front Street Capital Management Inc.’s holdings in MillerKnoll were worth $14,401,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MLKN. Smartleaf Asset Management LLC raised its position in shares of 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 purchasing an additional 1,201 shares during the period. KBC Group NV lifted its stake in MillerKnoll by 62.9% in the fourth quarter. KBC Group NV now owns 3,319 shares of the company’s stock valued at $75,000 after buying an additional 1,281 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of MillerKnoll by 228.8% in 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. Sei Investments Co. increased its position in shares of MillerKnoll by 12.7% during the fourth quarter. Sei Investments Co. now owns 16,002 shares of the company’s stock worth $361,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its position in MillerKnoll by 793.5% in the 4th quarter. Sterling Capital Management LLC now owns 2,198 shares of the company’s stock valued at $50,000 after acquiring an additional 1,952 shares in the last quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MLKN. StockNews.com lowered MillerKnoll from a “buy” rating to a “hold” rating in a report on Saturday, March 29th. Sidoti raised MillerKnoll to a “hold” rating in a research report on Tuesday, March 25th.

MillerKnoll Stock Up 0.3 %

MillerKnoll stock opened at $15.72 on Friday. The company has a fifty day simple moving average of $19.59 and a 200 day simple moving average of $22.16. The company has a current ratio of 1.60, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. MillerKnoll, Inc. has a 1-year low of $15.43 and a 1-year high of $31.73. The company has a market cap of $1.06 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 0.89 and a beta of 1.05.

MillerKnoll (NASDAQ:MLKN) last released its earnings results 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 business had revenue of $876.20 million for the quarter, compared to the consensus estimate of $918.88 million. During the same quarter in the previous year, the business earned $0.45 earnings per share. MillerKnoll’s quarterly revenue was up .4% on a year-over-year basis. Research analysts anticipate that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

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.