Natuzzi (NYSE:NTZ) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the stock.

Natuzzi Stock Up 0.2 %

Shares of Natuzzi stock opened at $4.09 on Friday. Natuzzi has a 52-week low of $3.80 and a 52-week high of $6.43. The firm’s 50 day moving average price is $4.64 and its 200-day moving average price is $4.55.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Natuzzi stock. Kanen Wealth Management LLC increased its holdings in Natuzzi S.p.A. (NYSE:NTZ) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,763,136 shares of the company’s stock after buying an additional 96,890 shares during the quarter. Natuzzi comprises approximately 3.5% of Kanen Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding. Kanen Wealth Management LLC owned 16.01% of Natuzzi worth $8,657,000 at the end of the most recent quarter. 6.07% of the stock is currently owned by institutional investors and hedge funds.

Natuzzi Company Profile

Natuzzi S.p.A. engages in the design, manufacture, and marketing of leather and fabric upholstered furniture through its own and franchised stores in the United States, Italy, China, Brazil, Spain, Mexico, Canada, Australia, Belgium, the United Arab Emirates, South Korea, Israel, Taiwan, the United Kingdom, and internationally.