Natuzzi (NYSE:NTZ) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Natuzzi (NYSE:NTZ) in a report published on Tuesday morning. The brokerage issued a hold rating on the stock.

Natuzzi Stock Performance

Shares of NTZ opened at $4.97 on Tuesday. The firm’s 50-day moving average is $4.62 and its two-hundred day moving average is $4.40. Natuzzi has a twelve month low of $3.80 and a twelve month high of $6.50.

Hedge Funds Weigh In On Natuzzi

Several hedge funds have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Natuzzi by 2.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 121,262 shares of the company’s stock valued at $594,000 after buying an additional 2,450 shares during the period. Benjamin Edwards Inc. acquired a new stake in Natuzzi during the 3rd quarter worth approximately $544,000. Finally, Kanen Wealth Management LLC increased its position in shares of Natuzzi by 2.1% in the fourth quarter. Kanen Wealth Management LLC now owns 1,666,246 shares of the company’s stock worth $7,998,000 after acquiring an additional 34,086 shares in the last 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.