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

Stock analysts at StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ) in a research report issued on Thursday. The brokerage set a “hold” rating on the stock.

Natuzzi Stock Down 2.0 %

Shares of NYSE:NTZ opened at $4.90 on Thursday. The company has a 50 day moving average of $4.71 and a 200 day moving average of $4.42. Natuzzi has a 12 month low of $3.80 and a 12 month high of $6.49.

Institutional Trading of Natuzzi

An institutional investor recently raised its position in Natuzzi stock. Kanen Wealth Management LLC boosted its stake in Natuzzi S.p.A. (NYSE:NTZ) by 2.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,666,246 shares of the company’s stock after purchasing an additional 34,086 shares during the quarter. Natuzzi comprises approximately 3.0% of Kanen Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. Kanen Wealth Management LLC’s holdings in Natuzzi were worth $7,998,000 as of its most recent SEC filing. 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.