Allspring Global Investments Holdings LLC grew its stake in shares of HNI Co. (NYSE:HNI) by 32.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,664 shares of the business services provider’s stock after acquiring an additional 900 shares during the period. Allspring Global Investments Holdings LLC’s holdings in HNI were worth $97,000 at the end of the most recent reporting period.

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Victory Capital Management Inc. grew its position in shares of HNI Co. (NYSE:HNI) by 17.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 433,975 shares of the business services provider’s stock after buying an additional 64,617 shares during the period. Victory Capital Management Inc. owned about 1.05% of HNI worth $11,505,000 as of its most recent SEC filing.

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A look at the shareholders of HNI Corporation (NYSE:HNI) can tell us which group is most powerful. And the group that holds the biggest piece of the pie are institutions with 77% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn).

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MUSCATINE, Iowa – HNI Corp., one of the largest office furniture manufacturers in the world, announced it will cut costs by $30 million as business conditions continue to worsen.

Despite recording a $19.2 million increase in income for the third quarter – much of which being due to the sale of its Chinese furniture business for $51 million – the company expects revenue to decline for the coming quarter by a percentage in the low-teens.

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HNI Corporation (HNI) had a good day on the market for Thursday February 11 as shares jumped 8.01% to close at $36.95. About 1.15 million shares traded hands on 11,654 trades for the day, compared with an average daily volume of n/a shares out of a total float of 42.71 million. After opening the trading day at $36.58, shares of HNI Corporation stayed within a range of $39.36 to $36.18.

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