California State Teachers Retirement System trimmed its holdings in shares of Knoll, Inc. (NYSE:KNL) by 9.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,646 shares of the business services provider’s stock after selling 9,053 shares during the period. California State Teachers Retirement System owned 0.17% of Knoll worth $1,717,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of KNL. New York State Teachers Retirement System raised its stake in shares of Knoll by 2.4% during the first quarter. New York State Teachers Retirement System now owns 4,300 shares of the business services provider’s stock worth $102,000 after buying an additional 100 shares during the last quarter. Strs Ohio raised its stake in shares of Knoll by 6.0% during the second quarter. Strs Ohio now owns 8,800 shares of the business services provider’s stock worth $176,000 after buying an additional 500 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Knoll during the second quarter worth approximately $194,000. BNP Paribas Arbitrage SA raised its stake in shares of Knoll by 144.5% during the second quarter. BNP Paribas Arbitrage SA now owns 11,959 shares of the business services provider’s stock worth $240,000 after buying an additional 7,068 shares during the last quarter. Finally, Petrus Trust Company LTA bought a new stake in shares of Knoll during the second quarter worth approximately $243,000. 90.21% of the stock is owned by institutional investors and hedge funds.
KNL has been the subject of a number of recent research reports. Sidoti initiated coverage on shares of Knoll in a research note on Wednesday, August 16th. They set a “buy” rating and a $28.00 price target for the company. TheStreet downgraded shares of Knoll from a “b-” rating to a “c+” rating in a research note on Thursday, September 7th. Zacks Investment Research raised shares of Knoll from a “strong sell” rating to a “hold” rating in a research note on Monday, October 2nd. Raymond James Financial, Inc. raised shares of Knoll from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Monday, August 28th. Finally, UBS AG raised shares of Knoll from a “market perform” rating to an “outperform” rating in a research note on Monday, August 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Knoll currently has a consensus rating of “Hold” and a consensus target price of $24.00.
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Shares of Knoll, Inc. (NYSE:KNL) opened at $20.94 on Friday. Knoll, Inc. has a 12 month low of $16.57 and a 12 month high of $28.40. The company has a quick ratio of 0.62, a current ratio of 1.31 and a debt-to-equity ratio of 0.61. The company has a market cap of $982.56, a P/E ratio of 13.92 and a beta of 1.07.
Knoll (NYSE:KNL) last issued its earnings results on Monday, October 23rd. The business services provider reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.04. Knoll had a net margin of 6.58% and a return on equity of 23.26%. The firm had revenue of $291.26 million during the quarter, compared to the consensus estimate of $277.40 million. During the same quarter in the prior year, the firm earned $0.44 earnings per share. The business’s quarterly revenue was down .3% on a year-over-year basis. equities research analysts forecast that Knoll, Inc. will post 1.42 EPS for the current fiscal year.
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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