Alliancebernstein L.P. Has $116.47 Million Stock Holdings in MillerKnoll, Inc. (NASDAQ:MLKN)

Alliancebernstein L.P. decreased its position in MillerKnoll, Inc. (NASDAQ:MLKN) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,155,964 shares of the company’s stock after selling 175,890 shares during the period. Alliancebernstein L.P. owned about 7.56% of MillerKnoll worth $116,473,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MLKN. Disciplined Growth Investors Inc. MN raised its stake in shares of MillerKnoll by 157.4% in the third quarter. Disciplined Growth Investors Inc. MN now owns 852,584 shares of the company’s stock valued at $21,110,000 after purchasing an additional 521,318 shares in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in MillerKnoll by 127.8% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 547,540 shares of the company’s stock worth $13,557,000 after acquiring an additional 307,210 shares in the last quarter. Forager Capital Management LLC raised its stake in MillerKnoll by 45.9% during the third quarter. Forager Capital Management LLC now owns 953,841 shares of the company’s stock worth $23,617,000 after acquiring an additional 300,000 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of MillerKnoll by 39.9% in the 4th quarter. Wellington Management Group LLP now owns 804,105 shares of the company’s stock valued at $18,165,000 after purchasing an additional 229,283 shares in the last quarter. Finally, New Age Alpha Advisors LLC bought a new stake in shares of MillerKnoll in the 4th quarter worth about $2,370,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

Wall Street Analyst Weigh In

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

MillerKnoll Stock Up 0.1 %

Shares of NASDAQ MLKN opened at $19.22 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 1.02. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 21.12, a price-to-earnings-growth ratio of 0.89 and a beta of 1.22. MillerKnoll, Inc. has a 12-month low of $17.83 and a 12-month high of $31.73. The firm’s 50-day simple moving average is $21.05 and its 200 day simple moving average is $22.92.

MillerKnoll (NASDAQ:MLKN) last posted its quarterly earnings data on Wednesday, March 26th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.44. The firm had revenue of $876.20 million for the quarter, compared to the consensus estimate of $918.88 million. MillerKnoll had a return on equity of 10.74% and a net margin of 1.81%. The business’s revenue for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS. On average, research analysts expect that MillerKnoll, Inc. will post 2.12 earnings per share for the current fiscal year.

MillerKnoll Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Saturday, March 1st will be given a $0.1875 dividend. The ex-dividend date is Friday, February 28th. This represents a $0.75 dividend on an annualized basis and a yield of 3.90%. MillerKnoll’s payout ratio is 178.57%.

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.