Knoll, Inc. (KNL) Shares Sold by Chartwell Investment Partners LLC
Chartwell Investment Partners LLC trimmed its stake in Knoll, Inc. (NYSE:KNL) by 1.7% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 668,621 shares of the business services provider’s stock after selling 11,450 shares during the period. Chartwell Investment Partners LLC owned about 1.36% of Knoll worth $13,372,000 as of its most recent filing with the SEC.
Several other institutional investors also recently added to or reduced their stakes in KNL. New York State Teachers Retirement System raised its stake in shares of Knoll by 2.4% in the 1st quarter. New York State Teachers Retirement System now owns 4,300 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 100 shares during the period. Strs Ohio raised its stake in shares of Knoll by 6.0% in the 2nd quarter. Strs Ohio now owns 8,800 shares of the business services provider’s stock valued at $176,000 after acquiring an additional 500 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Knoll in the 2nd quarter valued at approximately $194,000. BNP Paribas Arbitrage SA raised its stake in shares of Knoll by 144.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,959 shares of the business services provider’s stock valued at $240,000 after acquiring an additional 7,068 shares during the period. Finally, Petrus Trust Company LTA purchased a new stake in shares of Knoll in the 2nd quarter valued at approximately $243,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.
KNL has been the topic of a number of research analyst reports. TheStreet raised shares of Knoll from a “c+” rating to a “b-” rating in a research note on Friday. Sidoti initiated coverage on shares of Knoll in a research note on Wednesday, August 16th. They set a “buy” rating and a $28.00 target price on the stock. 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 on the stock 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 assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $24.00.
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Shares of Knoll, Inc. (NYSE:KNL) traded down $0.23 on Tuesday, reaching $20.71. 308,500 shares of the company traded hands, compared to its average volume of 402,345. Knoll, Inc. has a 1 year low of $16.57 and a 1 year high of $28.40. The stock has a market cap of $1,020.00, a P/E ratio of 14.64 and a beta of 1.07. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.62 and a current ratio of 1.31.
Knoll (NYSE:KNL) last announced its earnings results on Monday, October 23rd. The business services provider reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.04. Knoll had a net margin of 6.21% and a return on equity of 21.94%. The firm had revenue of $291.26 million for the quarter, compared to the consensus estimate of $277.40 million. During the same period in the prior year, the firm earned $0.44 EPS. The firm’s revenue for the quarter was down .3% on a year-over-year basis. research analysts predict that Knoll, Inc. will post 1.42 earnings per share for the current year.
Knoll Company Profile
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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