Donald Smith & CO. Inc. lessened its position in shares of Natuzzi, S.p.A. (NYSE:NTZ) by 2.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,564,282 shares of the company’s stock after selling 96,206 shares during the quarter. Donald Smith & CO. Inc. owned 6.50% of Natuzzi worth $7,307,000 at the end of the most recent reporting period.
Separately, Acadian Asset Management LLC increased its position in Natuzzi by 68.3% in the second quarter. Acadian Asset Management LLC now owns 67,831 shares of the company’s stock worth $179,000 after buying an additional 27,523 shares in the last quarter. 18.21% of the stock is owned by institutional investors and hedge funds.
Separately, ValuEngine cut Natuzzi from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th.
Shares of Natuzzi, S.p.A. (NTZ) opened at $1.63 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.85 and a debt-to-equity ratio of 0.18. Natuzzi, S.p.A. has a 1 year low of $1.51 and a 1 year high of $3.30.
Natuzzi (NYSE:NTZ) last released its earnings results on Friday, September 22nd. The company reported ($0.08) earnings per share (EPS) for the quarter. Natuzzi had a negative return on equity of 10.09% and a negative net margin of 5.67%. The business had revenue of $129.57 million for the quarter.
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Natuzzi S.p.A. (Natuzzi) is engaged in the design, manufacture and marketing of contemporary and traditional leather and fabric upholstered furniture. The Company designs, manufactures and sells a collection of couches, armchairs, home furniture and home accessories. The Company operates in two segments: Natuzzi brand and Softaly/Private label.
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