Rhumbline Advisers Has $2.85 Million Position in Knoll Inc (NYSE:KNL)

Rhumbline Advisers grew its stake in shares of Knoll Inc (NYSE:KNL) by 6.0% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 112,467 shares of the business services provider’s stock after buying an additional 6,326 shares during the period. Rhumbline Advisers’ holdings in Knoll were worth $2,851,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KNL. BlackRock Inc. raised its position in Knoll by 4.0% in the second quarter. BlackRock Inc. now owns 3,468,013 shares of the business services provider’s stock worth $79,694,000 after purchasing an additional 134,523 shares in the last quarter. Macquarie Group Ltd. raised its position in Knoll by 0.6% in the second quarter. Macquarie Group Ltd. now owns 1,961,745 shares of the business services provider’s stock worth $45,081,000 after purchasing an additional 12,613 shares in the last quarter. LSV Asset Management raised its position in Knoll by 83.6% in the second quarter. LSV Asset Management now owns 1,594,887 shares of the business services provider’s stock worth $36,650,000 after purchasing an additional 726,143 shares in the last quarter. Investment Counselors of Maryland LLC raised its position in Knoll by 1.1% in the second quarter. Investment Counselors of Maryland LLC now owns 1,041,223 shares of the business services provider’s stock worth $23,927,000 after purchasing an additional 11,542 shares in the last quarter. Finally, Northern Trust Corp raised its position in Knoll by 1.0% in the second quarter. Northern Trust Corp now owns 658,202 shares of the business services provider’s stock worth $15,126,000 after purchasing an additional 6,828 shares in the last quarter. 90.89% of the stock is owned by institutional investors and hedge funds.

In other Knoll news, CAO Michael A. Pollner sold 5,514 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $26.29, for a total transaction of $144,963.06. Following the sale, the chief accounting officer now directly owns 47,079 shares of the company’s stock, valued at $1,237,706.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David L. Schutte sold 5,000 shares of the company’s stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $26.50, for a total transaction of $132,500.00. Following the sale, the executive vice president now directly owns 48,424 shares in the company, valued at $1,283,236. The disclosure for this sale can be found here. Insiders have sold 116,057 shares of company stock worth $3,079,123 over the last ninety days. Insiders own 1.60% of the company’s stock.

NYSE:KNL traded up $0.18 during mid-day trading on Tuesday, hitting $27.16. The company’s stock had a trading volume of 1,654 shares, compared to its average volume of 289,395. Knoll Inc has a fifty-two week low of $15.72 and a fifty-two week high of $27.84. The company has a current ratio of 1.15, a quick ratio of 0.53 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 14.71 and a beta of 1.42. The stock has a fifty day moving average of $25.64 and a 200-day moving average of $23.23.

Knoll (NYSE:KNL) last posted its quarterly earnings results on Wednesday, October 23rd. The business services provider reported $0.55 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The firm had revenue of $356.50 million during the quarter, compared to analyst estimates of $352.77 million. Knoll had a net margin of 5.79% and a return on equity of 25.03%. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share. On average, equities analysts anticipate that Knoll Inc will post 2.1 earnings per share for the current fiscal year.

KNL has been the subject of several recent research reports. ValuEngine raised shares of Knoll from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Raymond James lowered shares of Knoll from a “strong-buy” rating to an “outperform” rating and set a $28.00 price target for the company. in a research report on Monday, October 7th. Finally, Zacks Investment Research raised shares of Knoll from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $28.33.

About Knoll

Knoll, Inc, together with its subsidiaries, designs, manufactures, markets, and sells commercial and residential furniture, accessories, and coverings for the workplace and residential markets in the United States, Canada, Europe, and internationally. The company operates through Office and Lifestyle segments.

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Institutional Ownership by Quarter for Knoll (NYSE:KNL)

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