Hussman Strategic Advisors adds Herman Miller (MLHR) to its portfolio

Herman Miller (MLHR) : Hussman Strategic Advisors added new position in Herman Miller during the most recent quarter end. The investment management firm now holds 100,000 shares of Herman Miller which is valued at $3,216,000 , the company said in a statement filed on Aug 1, 2016 with the SEC.Herman Miller makes up approximately 0.47% of Hussman Strategic Advisors’s portfolio.

Other Hedge Funds, Including , Quadrant Capital Group added MLHR to its portfolio by purchasing 44 company shares during the most recent quarter which is valued at $1,442. National Investment Services Inc Wi added MLHR to its portfolio by purchasing 9,101 company shares during the most recent quarter which is valued at $299,150. Herman Miller makes up approx 0.33% of National Investment Services Inc Wi’s portfolio.Acadian Asset Management reduced its stake in MLHR by selling 293,383 shares or 60.28% in the most recent quarter. The Hedge Fund company now holds 193,279 shares of MLHR which is valued at $6,240,979. Herman Miller makes up approx 0.03% of Acadian Asset Management’s portfolio. Stock Yards Bank Trust Co sold out all of its stake in MLHR during the most recent quarter. The investment firm sold 7,700 shares of MLHR which is valued $230,230.

Herman Miller opened for trading at $32.25 and hit $32.83 on the upside on Thursday, eventually ending the session at $32.72, with a gain of 1.74% or 0.56 points. The heightened volatility saw the trading volume jump to 2,84,227 shares. Company has a market cap of $1,964 M.

On the company’s financial health, Herman Miller reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Jun 22, 2016. Analyst had a consensus of $0.52. The company had revenue of $582.60 million for the quarter, compared to analysts expectations of $568.55 million. The company’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS.

Herman Miller Inc. researches designs manufactures and distributes interior furnishings for use in various environments including office healthcare educational and residential settings and provides related services that support organizations and individuals all over the world. It operates in three segments: North American Furniture Solutions which includes the operations associated with the design manufacture and sale of furniture products for work-related settings including office education and healthcare environments throughout the United States and Canada; ELA Furniture Solutions which includes EMEA Latin America and Asia-Pacific. ELA Furniture Solutions includes the operations associated with the design manufacture and sale of furniture products primarily for work-related settings in these aforementioned geographic regions; and Specialty and Consumer which includes the operations associated with the design manufacture and sale of furniture products.

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