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

Investment analysts at StockNews.com initiated coverage on shares of Natuzzi (NYSE:NTZ) in a report released on Sunday. The firm set a “hold” rating on the stock.

Natuzzi Stock Performance

Shares of NTZ opened at $4.83 on Friday. The company has a 50-day moving average of $4.79 and a two-hundred day moving average of $4.46. Natuzzi has a 12-month low of $3.80 and a 12-month high of $6.49.

Hedge Funds Weigh In On Natuzzi

A hedge fund recently raised its stake in Natuzzi stock. Kanen Wealth Management LLC increased its position in Natuzzi S.p.A. (NYSE:NTZ) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,666,246 shares of the company’s stock after buying an additional 34,086 shares during the period. Natuzzi comprises 3.0% of Kanen Wealth Management LLC’s portfolio, making the stock its 10th largest holding. Kanen Wealth Management LLC’s holdings in Natuzzi were worth $7,998,000 at the end of the most recent quarter. 6.07% of the stock is currently owned by hedge funds and other institutional investors.

About Natuzzi

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.