Cadiz Inc. (NASDAQ:CDZI) Shares Sold by 272 Capital LP

272 Capital LP cut its stake in shares of Cadiz Inc. (NASDAQ:CDZI - Free Report) by 70.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,050,000 shares of the company's stock after selling 2,472,582 shares during the quarter. Cadiz makes up approximately 5.2% of 272 Capital LP's holdings, making the stock its 5th biggest holding. 272 Capital LP owned about 1.40% of Cadiz worth $5,460,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Cadiz by 7.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 59,636 shares of the company's stock valued at $311,000 after purchasing an additional 3,922 shares in the last quarter. SG Americas Securities LLC raised its stake in Cadiz by 31.6% in the fourth quarter. SG Americas Securities LLC now owns 19,717 shares of the company's stock worth $103,000 after buying an additional 4,737 shares in the last quarter. Barclays PLC raised its stake in Cadiz by 10.8% in the fourth quarter. Barclays PLC now owns 66,724 shares of the company's stock worth $347,000 after buying an additional 6,507 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Cadiz by 45.0% during the fourth quarter. Wells Fargo & Company MN now owns 21,611 shares of the company's stock worth $112,000 after buying an additional 6,707 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in Cadiz by 11.9% during the 4th quarter. Bank of New York Mellon Corp now owns 101,719 shares of the company's stock valued at $529,000 after acquiring an additional 10,790 shares in the last quarter. Institutional investors own 79.75% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Roth Capital began coverage on Cadiz in a research note on Thursday, April 17th. They set a "buy" rating and a $10.00 price objective for the company. StockNews.com raised shares of Cadiz to a "sell" rating in a research report on Wednesday, March 5th.

Cadiz Stock Up 2.1 %

CDZI traded up $0.06 during trading on Friday, hitting $2.91. The stock had a trading volume of 581,910 shares, compared to its average volume of 392,689. The stock has a 50 day simple moving average of $3.13 and a two-hundred day simple moving average of $3.87. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.87 and a current ratio of 1.36. Cadiz Inc. has a twelve month low of $2.13 and a twelve month high of $5.68. The company has a market capitalization of $238.23 million, a PE ratio of -5.71 and a beta of 1.77.

Cadiz (NASDAQ:CDZI - Get Free Report) last announced its earnings results on Friday, March 28th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The business had revenue of $4.75 million for the quarter, compared to analysts' expectations 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 predict that Cadiz Inc. will post -0.47 earnings per share 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.