Barclays PLC Raises Stock Holdings in Cadiz Inc. (NASDAQ:CDZI)

Barclays PLC raised its holdings in Cadiz Inc. (NASDAQ:CDZI) by 315.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 60,217 shares of the company’s stock after acquiring an additional 45,728 shares during the quarter. Barclays PLC’s holdings in Cadiz were worth $183,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CDZI. SG Americas Securities LLC purchased a new stake in Cadiz in the third quarter valued at about $45,000. The Manufacturers Life Insurance Company purchased a new position in shares of Cadiz in the third quarter worth about $58,000. BNP Paribas Financial Markets raised its stake in shares of Cadiz by 27.0% in the third quarter. BNP Paribas Financial Markets now owns 20,386 shares of the company’s stock worth $62,000 after purchasing an additional 4,329 shares during the last quarter. Joel Isaacson & Co. LLC raised its stake in shares of Cadiz by 70.8% in the third quarter. Joel Isaacson & Co. LLC now owns 20,500 shares of the company’s stock worth $62,000 after purchasing an additional 8,500 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Cadiz by 6.8% in the second quarter. Rhumbline Advisers now owns 46,978 shares of the company’s stock worth $145,000 after purchasing an additional 2,995 shares during the last quarter. 79.75% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder International Group Se Heerema acquired 2,070,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were bought at an average price of $3.34 per share, with a total value of $6,913,800.00. Following the completion of the purchase, the insider now owns 22,783,965 shares of the company’s stock, valued at approximately $76,098,443.10. This represents a 9.99 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Cadiz to a “sell” rating in a research note on Friday, November 15th.

Cadiz Stock Down 11.7 %

Cadiz stock opened at $4.81 on Thursday. The firm has a market cap of $361.62 million, a price-to-earnings ratio of -9.43 and a beta of 0.93. Cadiz Inc. has a 52 week low of $2.12 and a 52 week high of $5.68. The business’s 50-day moving average price is $4.37 and its 200 day moving average price is $3.63. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 3.88.

Cadiz Company Profile

Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.