Capstone Investment Advisors LLC Has $2.27 Million Stock Holdings in Cadiz Inc. (NASDAQ:CDZI)

Capstone Investment Advisors LLC decreased its stake in Cadiz Inc. (NASDAQ:CDZI - Free Report) by 74.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 437,038 shares of the company's stock after selling 1,282,862 shares during the period. Capstone Investment Advisors LLC owned 0.58% of Cadiz worth $2,273,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC raised its position in Cadiz by 315.6% during the third quarter. Barclays PLC now owns 60,217 shares of the company's stock worth $183,000 after acquiring an additional 45,728 shares in the last quarter. Geode Capital Management LLC increased 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 worth $2,998,000 after purchasing an additional 30,354 shares during the last quarter. HCR Wealth Advisors raised its holdings in shares of 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 purchasing an additional 72,079 shares during the period. SG Americas Securities LLC lifted its stake 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 purchasing an additional 4,737 shares during the last quarter. Finally, Equitec Proprietary Markets LLC grew its holdings in Cadiz by 71.4% during the fourth quarter. Equitec Proprietary Markets LLC now owns 142,574 shares of the company's stock worth $741,000 after purchasing an additional 59,400 shares during the period. Institutional investors and hedge funds own 79.75% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on CDZI shares. Roth Capital assumed 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. StockNews.com upgraded Cadiz to a "sell" rating in a research note on Wednesday, March 5th.

Cadiz Stock Up 2.1 %

Shares of CDZI opened at $2.91 on Monday. The firm has a market cap of $238.23 million, a P/E ratio of -5.71 and a beta of 1.77. 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 52 week low of $2.13 and a 52 week high of $5.68. The firm's 50-day simple moving average is $3.13 and its 200 day simple moving average is $3.87.

Cadiz (NASDAQ:CDZI - Get Free Report) last posted its 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 firm had revenue of $4.75 million during the quarter, compared to analyst estimates of $8.44 million. Cadiz had a negative net margin of 528.15% and a negative return on equity of 93.78%. On average, analysts forecast that Cadiz Inc. will post -0.47 earnings per share for the current year.

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.

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