Knoll Inc (NYSE:KNL) was the recipient of a significant decrease in short interest during the month of January. As of January 12th, there was short interest totalling 565,688 shares, a decrease of 37.1% from the December 29th total of 898,719 shares. Based on an average daily volume of 357,820 shares, the short-interest ratio is currently 1.6 days. Currently, 1.2% of the company’s shares are short sold.
Knoll (NYSE:KNL) opened at $20.86 on Tuesday. 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 $1,030.00, a PE ratio of 14.90 and a beta of 0.98. Knoll has a 1-year low of $16.57 and a 1-year high of $27.34.
A number of research firms have recently commented on KNL. Zacks Investment Research cut shares of Knoll from a “buy” rating to a “hold” rating in a report on Friday, January 12th. ValuEngine cut shares of Knoll from a “buy” rating to a “hold” rating in a report on Friday. Raymond James Financial upgraded shares of Knoll from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $23.00 to $26.00 in a report on Tuesday, December 26th. Finally, TheStreet upgraded shares of Knoll from a “c+” rating to a “b-” rating in a report on Friday, November 17th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $26.67.
Several hedge funds and other institutional investors have recently bought and sold shares of KNL. FMR LLC grew its holdings in shares of Knoll by 28.1% in the second quarter. FMR LLC now owns 4,036,259 shares of the business services provider’s stock worth $80,927,000 after purchasing an additional 884,982 shares during the last quarter. Macquarie Group Ltd. grew its holdings in Knoll by 29.5% during the 3rd quarter. Macquarie Group Ltd. now owns 1,795,464 shares of the business services provider’s stock worth $35,909,000 after acquiring an additional 409,142 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Knoll by 216.4% during the 3rd quarter. Wells Fargo & Company MN now owns 521,086 shares of the business services provider’s stock worth $10,422,000 after acquiring an additional 356,380 shares in the last quarter. Deprince Race & Zollo Inc. grew its holdings in Knoll by 115.7% during the 4th quarter. Deprince Race & Zollo Inc. now owns 610,714 shares of the business services provider’s stock worth $14,071,000 after acquiring an additional 327,554 shares in the last quarter. Finally, Cortina Asset Management LLC grew its holdings in Knoll by 42.7% during the 3rd quarter. Cortina Asset Management LLC now owns 327,968 shares of the business services provider’s stock worth $6,559,000 after acquiring an additional 98,077 shares in the last quarter. Hedge funds and other institutional investors own 91.05% of the company’s stock.
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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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