StockNews.com Initiates Coverage on Natuzzi (NYSE:NTZ)

StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

Natuzzi Trading Up 4.4 %

NYSE NTZ opened at $4.94 on Wednesday. Natuzzi has a one year low of $3.80 and a one year high of $6.49. The stock has a 50-day moving average of $4.80 and a 200 day moving average of $4.53.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Natuzzi stock. Kanen Wealth Management LLC boosted its stake in Natuzzi S.p.A. (NYSE:NTZ) by 2.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,666,246 shares of the company’s stock after purchasing an additional 34,086 shares during the period. Natuzzi makes up approximately 3.0% of Kanen Wealth Management LLC’s holdings, making the stock its 10th largest position. Kanen Wealth Management LLC’s holdings in Natuzzi were worth $7,998,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 6.07% of the company’s stock.

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.