Cadiz (NASDAQ:CDZI) Upgraded at StockNews.com

StockNews.com upgraded shares of Cadiz (NASDAQ:CDZI) to a sell rating in a research report sent to investors on Friday.

Cadiz Trading Up 2.5 %

Shares of CDZI opened at $3.32 on Friday. The business’s 50-day moving average price is $3.15 and its 200 day moving average price is $3.14. The company has a current ratio of 1.36, a quick ratio of 1.40 and a debt-to-equity ratio of 3.88. The stock has a market capitalization of $226.36 million, a P/E ratio of -6.51 and a beta of 0.85. Cadiz has a 1-year low of $2.12 and a 1-year high of $3.85.

Insider Buying and Selling

In other Cadiz news, major shareholder International Group Se Heerema purchased 2,070,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were purchased at an average cost of $3.34 per share, with a total value of $6,913,800.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Cadiz

Several institutional investors and hedge funds have recently bought and sold shares of CDZI. Vanguard Group Inc. lifted its position in shares of Cadiz by 5.3% in the first quarter. Vanguard Group Inc. now owns 2,280,495 shares of the company’s stock worth $6,613,000 after purchasing an additional 113,834 shares in the last quarter. Levin Capital Strategies L.P. lifted its position in Cadiz by 7.2% in the 2nd quarter. Levin Capital Strategies L.P. now owns 2,256,999 shares of the company’s stock worth $6,974,000 after buying an additional 151,470 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Cadiz by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 989,296 shares of the company’s stock valued at $2,998,000 after buying an additional 30,354 shares during the period. Elkhorn Partners Limited Partnership grew its holdings in shares of Cadiz by 2.3% during the 2nd quarter. Elkhorn Partners Limited Partnership now owns 655,247 shares of the company’s stock valued at $2,025,000 after acquiring an additional 14,447 shares in the last quarter. Finally, HCR Wealth Advisors increased its stake in shares of Cadiz by 24.3% in the third quarter. HCR Wealth Advisors now owns 455,921 shares of the company’s stock worth $1,381,000 after acquiring an additional 89,234 shares during the last quarter. Hedge funds and other institutional investors own 79.75% of the company’s stock.

About Cadiz

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.