California Public Employees Retirement System raised its stake in shares of Knoll, Inc. (NYSE:KNL) by 17.2% during the first quarter, Holdings Channel reports. The firm owned 50,300 shares of the business services provider’s stock after buying an additional 7,400 shares during the period. California Public Employees Retirement System’s holdings in Knoll were worth $1,198,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Quantbot Technologies LP boosted its position in shares of Knoll by 1,808.0% in the first quarter. Quantbot Technologies LP now owns 7,193 shares of the business services provider’s stock valued at $171,000 after buying an additional 6,816 shares during the period. Sei Investments Co. boosted its position in shares of Knoll by 35.1% in the first quarter. Sei Investments Co. now owns 9,016 shares of the business services provider’s stock valued at $214,000 after buying an additional 2,343 shares during the period. Camelot Portfolios LLC purchased a new position in shares of Knoll during the first quarter valued at about $251,000. Wedbush Securities Inc. boosted its position in shares of Knoll by 15.7% in the first quarter. Wedbush Securities Inc. now owns 10,700 shares of the business services provider’s stock valued at $255,000 after buying an additional 1,450 shares during the period. Finally, OLD National Bancorp IN boosted its position in shares of Knoll by 45.6% in the first quarter. OLD National Bancorp IN now owns 13,434 shares of the business services provider’s stock valued at $320,000 after buying an additional 4,210 shares during the period. Institutional investors own 97.98% of the company’s stock.
Shares of Knoll, Inc. (NYSE:KNL) opened at 18.31 on Thursday. Knoll, Inc. has a 12 month low of $16.57 and a 12 month high of $28.40. The firm has a 50-day moving average price of $19.43 and a 200 day moving average price of $22.42. The firm has a market capitalization of $887.38 million, a price-to-earnings ratio of 12.64 and a beta of 0.98.
Knoll (NYSE:KNL) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The company had revenue of $268.70 million during the quarter, compared to analyst estimates of $284.65 million. Knoll had a net margin of 6.43% and a return on equity of 23.64%. Knoll’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. On average, analysts anticipate that Knoll, Inc. will post $1.36 EPS for the current fiscal year.
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Several brokerages recently issued reports on KNL. Zacks Investment Research cut Knoll from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st. ValuEngine lowered Knoll from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd.
In related news, Director Benjamin A. Pardo sold 2,200 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $19.45, for a total value of $42,790.00. Following the sale, the director now owns 23,773 shares of the company’s stock, valued at approximately $462,384.85. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is owned by insiders.
Knoll, Inc is a manufacturer of commercial and residential furniture, accessories and coverings. The Company operates through three segments: Office, Studio and Coverings. The Office segment includes a range of workplace products that address workplace planning paradigms. These products include systems furniture, seating, storage, tables, desks and KnollExtra accessories, as well as the international sales of its North American Office products.
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