Miller Herman Inc Q2 2017 Institutional Investor Sentiment Better Than Expected

November 7, 2017 - By Adrian Mccoy

 Miller Herman Inc  Q2 2017 Institutional Investor Sentiment  Better Than Expected

Sentiment for Miller Herman Inc (NASDAQ:MLHR)

Miller Herman Inc (NASDAQ:MLHR) institutional sentiment decreased to 1.29 in Q2 2017. Its down -0.15, from 1.44 in 2017Q1. The ratio fall, as 108 active investment managers increased or started new holdings, while 84 decreased and sold their equity positions in Miller Herman Inc. The active investment managers in our partner’s database now have: 48.36 million shares, down from 48.88 million shares in 2017Q1. Also, the number of active investment managers holding Miller Herman Inc in their top 10 holdings was flat from 0 to 0 for the same number . Sold All: 20 Reduced: 64 Increased: 74 New Position: 34.

Herman Miller, Inc. is engaged in the research, design, manufacture, sale and distribution of office furniture systems, seating products, home furnishings and related services, among others. The company has market cap of $1.95 billion.

About 161,948 shares traded. Herman Miller, Inc. (NASDAQ:MLHR) has risen 6.46% since November 7, 2016 and is uptrending. It has underperformed by 10.24% the S&P500.

Speece Thorson Capital Group Inc holds 2.31% of its portfolio in Herman Miller, Inc. for 363,729 shares. Van Berkom & Associates Inc. owns 1.54 million shares or 1.7% of their US portfolio. Moreover, Lingohr & Partner Asset Management Gmbh has 0.86% invested in the company for 47,000 shares. The Vermont-based Clean Yield Group has invested 0.76% in the stock. Zebra Capital Management Llc, a Connecticut-based fund reported 77,503 shares.#img1#

Herman Miller, Inc. (NASDAQ:MLHR) Ratings Coverage

Ratings analysis reveals 25% of Herman Miller’s analysts are positive. Out of 4 Wall Street analysts rating Herman Miller, 1 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. MLHR was included in 5 notes of analysts from December 18, 2015. The rating was initiated by Sidoti on Tuesday, June 27 with “Buy”. BB&T Capital downgraded the shares of MLHR in report on Friday, June 24 to “Hold” rating. The firm has “Underperform” rating by Raymond James given on Tuesday, January 3. Raymond James downgraded the shares of MLHR in report on Friday, December 18 to “Mkt Perform” rating. The firm has “Neutral” rating given on Friday, November 4 by Seaport Global.

More notable recent Herman Miller, Inc. (NASDAQ:MLHR) news were published by: Prnewswire.com which released: “Herman Miller Reports Fourth Quarter Fiscal 2017 Results” on July 05, 2017, also Nasdaq.com with their article: “Herman Miller Inc. Reveals 9% Retreat In Q1 Profit” published on September 20, 2017, Seekingalpha.com published: “Another Furniture Maker With 20% Upside: Herman Miller” on June 28, 2017. More interesting news about Herman Miller, Inc. (NASDAQ:MLHR) were released by: Nasdaq.com and their article: “Herman Miller, Inc. (MLHR) Ex-Dividend Date Scheduled for May 31, 2017” published on May 30, 2017 as well as Prnewswire.com‘s news article titled: “Herman Miller Introduces a New Digital System, Connecting Furniture to Help …” with publication date: June 12, 2017.

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