Cadiz Inc. (NASDAQ:CDZI) Holdings Decreased by Boothbay Fund Management LLC

Boothbay Fund Management LLC decreased its holdings in Cadiz Inc. (NASDAQ:CDZI - Free Report) by 69.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 750,000 shares of the company's stock after selling 1,716,022 shares during the quarter. Boothbay Fund Management LLC owned approximately 1.00% of Cadiz worth $3,900,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CDZI. Barclays PLC grew its holdings in Cadiz by 315.6% in the 3rd quarter. Barclays PLC now owns 60,217 shares of the company's stock valued at $183,000 after buying an additional 45,728 shares during the period. Geode Capital Management LLC grew its holdings in Cadiz by 3.2% in 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. HCR Wealth Advisors grew its holdings in Cadiz by 15.8% in the 4th quarter. HCR Wealth Advisors now owns 528,000 shares of the company's stock valued at $2,746,000 after buying an additional 72,079 shares during the period. SG Americas Securities LLC grew its holdings in Cadiz by 31.6% in the 4th quarter. SG Americas Securities LLC now owns 19,717 shares of the company's stock valued at $103,000 after buying an additional 4,737 shares during the period. Finally, Equitec Proprietary Markets LLC grew its holdings in Cadiz by 71.4% in the 4th quarter. Equitec Proprietary Markets LLC now owns 142,574 shares of the company's stock valued at $741,000 after buying an additional 59,400 shares during the period. Hedge funds and other institutional investors own 79.75% of the company's stock.

Analysts Set New Price Targets

CDZI has been the topic of several research analyst reports. StockNews.com raised Cadiz to a "sell" rating in a research note on Wednesday, March 5th. Roth Capital initiated coverage on Cadiz in a research note on Thursday, April 17th. They issued a "buy" rating and a $10.00 price objective on the stock.

Cadiz Price Performance

Shares of NASDAQ CDZI remained flat at $2.84 during midday trading on Wednesday. The stock had a trading volume of 282,773 shares, compared to its average volume of 389,399. The company has a market cap of $232.27 million, a P/E ratio of -5.57 and a beta of 1.54. Cadiz Inc. has a fifty-two week low of $2.13 and a fifty-two week high of $5.68. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 3.88. The business has a fifty day moving average of $3.22 and a two-hundred day moving average of $3.87.

Cadiz (NASDAQ:CDZI - Get Free Report) last released its quarterly earnings results on Friday, March 28th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The company had revenue of $4.75 million for the quarter, compared to analyst estimates of $8.44 million. Cadiz had a negative return on equity of 93.78% and a negative net margin of 528.15%. On average, research analysts forecast that Cadiz Inc. will post -0.47 EPS for the current year.

Cadiz 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.