Virtus Fund Advisers LLC Cuts Holdings in Knoll Inc (KNL)

Virtus Fund Advisers LLC lowered its position in Knoll Inc (NYSE:KNL) by 3.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,747,282 shares of the business services provider’s stock after selling 67,935 shares during the period. Virtus Fund Advisers LLC’s holdings in Knoll were worth $40,257,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of KNL. Teachers Advisors LLC boosted its stake in Knoll by 2.8% in the second quarter. Teachers Advisors LLC now owns 86,299 shares of the business services provider’s stock worth $1,730,000 after buying an additional 2,327 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Knoll by 5.6% in the second quarter. New York State Common Retirement Fund now owns 52,800 shares of the business services provider’s stock worth $1,059,000 after buying an additional 2,799 shares in the last quarter. Northern Trust Corp boosted its stake in Knoll by 2.7% in the second quarter. Northern Trust Corp now owns 641,342 shares of the business services provider’s stock worth $12,859,000 after buying an additional 16,858 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Knoll by 0.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,924,043 shares of the business services provider’s stock worth $38,578,000 after buying an additional 14,427 shares in the last quarter. Finally, OxFORD Asset Management LLP purchased a new stake in Knoll in the second quarter worth approximately $275,000. 90.43% of the stock is owned by institutional investors and hedge funds.

Shares of Knoll Inc (NYSE:KNL) opened at $22.18 on Tuesday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.31 and a quick ratio of 0.62. Knoll Inc has a 12-month low of $16.57 and a 12-month high of $24.47. The firm has a market capitalization of $1,094.58, a P/E ratio of 13.61 and a beta of 0.98.

Knoll (NYSE:KNL) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by ($0.06). Knoll had a net margin of 7.08% and a return on equity of 20.51%. The company had revenue of $316.10 million during the quarter, compared to the consensus estimate of $302.07 million. During the same quarter in the previous year, the firm posted $0.44 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year. equities research analysts forecast that Knoll Inc will post 1.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Shareholders of record on Thursday, March 15th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $0.60 annualized dividend and a yield of 2.71%. Knoll’s payout ratio is currently 36.81%.

Several analysts have issued reports on KNL shares. Raymond James Financial raised Knoll from an “outperform” rating to a “strong-buy” rating and upped their target price for the stock from $23.00 to $26.00 in a research note on Tuesday, December 26th. Zacks Investment Research downgraded Knoll from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. TheStreet upgraded Knoll from a “c+” rating to a “b-” rating in a research report on Friday, November 17th. Finally, ValuEngine downgraded Knoll from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $26.00.

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About Knoll

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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Institutional Ownership by Quarter for Knoll (NYSE:KNL)

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