Jackson Creek Investment Advisors LLC Buys New Shares in MillerKnoll, Inc. (NASDAQ:MLKN)

Jackson Creek Investment Advisors LLC purchased a new stake in shares of MillerKnoll, Inc. (NASDAQ:MLKN) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,628 shares of the company’s stock, valued at approximately $1,004,000. Jackson Creek Investment Advisors LLC owned 0.05% of MillerKnoll as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of MLKN. Allspring Global Investments Holdings LLC acquired a new position in shares of MillerKnoll in the third quarter valued at $36,000. Signaturefd LLC lifted its holdings in shares of MillerKnoll by 52,066.7% during the 3rd quarter. Signaturefd LLC now owns 1,565 shares of the company’s stock worth $38,000 after acquiring an additional 1,562 shares during the period. International Assets Investment Management LLC boosted its position in shares of MillerKnoll by 1,117.6% during the 4th quarter. International Assets Investment Management LLC now owns 1,449 shares of the company’s stock valued at $39,000 after acquiring an additional 1,330 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in MillerKnoll in the fourth quarter valued at about $40,000. Finally, GAMMA Investing LLC bought a new position in MillerKnoll during the fourth quarter worth about $63,000. Institutional investors own 87.50% of the company’s stock.

MillerKnoll Price Performance

Shares of MillerKnoll stock traded down $0.76 during mid-day trading on Tuesday, reaching $25.43. 399,435 shares of the stock were exchanged, compared to its average volume of 805,797. MillerKnoll, Inc. has a fifty-two week low of $13.20 and a fifty-two week high of $31.33. The company has a market cap of $1.82 billion, a price-to-earnings ratio of 27.00, a price-to-earnings-growth ratio of 1.11 and a beta of 1.29. The firm has a 50-day simple moving average of $27.98 and a 200 day simple moving average of $26.83. 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 posted its quarterly earnings data on Wednesday, March 27th. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $872.30 million during the quarter, compared to analyst estimates of $909.55 million. MillerKnoll had a net margin of 1.96% and a return on equity of 9.61%. The company’s revenue was down 11.4% on a year-over-year basis. During the same quarter last year, the business posted $0.54 earnings per share. On average, sell-side analysts predict that MillerKnoll, Inc. will post 1.94 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.