Ameriprise Financial Inc. Sells 99,707 Shares of Knoll, Inc. (KNL)

Ameriprise Financial Inc. decreased its position in Knoll, Inc. (NYSE:KNL) by 60.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,469 shares of the business services provider’s stock after selling 99,707 shares during the quarter. Ameriprise Financial Inc. owned about 0.13% of Knoll worth $1,292,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in KNL. Alliancebernstein L.P. grew its stake in shares of Knoll by 121.0% in the 2nd quarter. Alliancebernstein L.P. now owns 1,406,649 shares of the business services provider’s stock valued at $28,203,000 after buying an additional 770,256 shares in the last quarter. Vanguard Group Inc. boosted its position in Knoll by 13.6% during the first quarter. Vanguard Group Inc. now owns 5,092,124 shares of the business services provider’s stock worth $121,243,000 after purchasing an additional 611,172 shares during the period. Marshall Wace North America L.P. boosted its position in Knoll by 397.8% during the second quarter. Marshall Wace North America L.P. now owns 457,318 shares of the business services provider’s stock worth $9,146,000 after purchasing an additional 365,444 shares during the period. SG Capital Management LLC bought a new stake in Knoll during the second quarter worth approximately $6,647,000. Finally, New Amsterdam Partners LLC NY bought a new stake in Knoll during the second quarter worth approximately $5,771,000. 89.49% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on KNL. Zacks Investment Research cut Knoll from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. TheStreet cut Knoll from a “b-” rating to a “c+” rating in a research report on Thursday, September 7th. Sidoti began coverage on Knoll in a research report on Wednesday, August 16th. They set a “buy” rating and a $28.00 target price for the company. Raymond James Financial, Inc. raised Knoll from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Monday, August 28th. Finally, UBS AG raised Knoll from a “market perform” rating to an “outperform” rating in a research report on Monday, August 28th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Knoll presently has a consensus rating of “Hold” and a consensus price target of $24.00.

ILLEGAL ACTIVITY WARNING: “Ameriprise Financial Inc. Sells 99,707 Shares of Knoll, Inc. (KNL)” was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.com-unik.info/2017/11/06/ameriprise-financial-inc-sells-99707-shares-of-knoll-inc-knl.html.

Shares of Knoll, Inc. (NYSE:KNL) opened at $20.72 on Monday. The stock has a market capitalization of $1,021.95, a P/E ratio of 14.49 and a beta of 1.07. The company has a current ratio of 1.35, a quick ratio of 0.62 and a debt-to-equity ratio of 0.70. Knoll, Inc. has a 12-month low of $16.57 and a 12-month high of $28.40.

Knoll (NYSE:KNL) last announced its earnings results on Monday, October 23rd. The business services provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $291.26 million during the quarter, compared to analysts’ expectations of $277.40 million. Knoll had a return on equity of 22.41% and a net margin of 6.21%. The company’s revenue was down .3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.44 earnings per share. equities analysts forecast that Knoll, Inc. will post 1.42 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding KNL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Knoll, Inc. (NYSE:KNL).

Institutional Ownership by Quarter for Knoll (NYSE:KNL)

What are top analysts saying about Knoll Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Knoll Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit