Cadiz Inc. (NASDAQ:CDZI) Shares Sold by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC reduced its stake in shares of 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 fund 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Corient Private Wealth LLC purchased a new stake in Cadiz in the 4th quarter worth approximately $57,000. Walleye Capital LLC purchased a new stake in shares of Cadiz in the fourth quarter valued at $60,000. Landscape Capital Management L.L.C. acquired a new position in Cadiz in the fourth quarter valued at $100,000. SG Americas Securities LLC increased 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 valued at $103,000 after purchasing an additional 4,737 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Cadiz in the 4th quarter worth about $103,000. Hedge funds and other institutional investors own 79.75% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CDZI shares. StockNews.com raised shares of Cadiz to a "sell" rating in a research report on Wednesday, March 5th. Roth Capital assumed coverage on Cadiz in a research report on Thursday, April 17th. They set a "buy" rating and a $10.00 price target for the company.

Cadiz Trading Up 0.7 %

Shares of CDZI stock traded up $0.02 during mid-day trading on Friday, reaching $3.03. The company's stock had a trading volume of 318,339 shares, compared to its average volume of 397,606. 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 firm has a market capitalization of $248.05 million, a PE ratio of -5.94 and a beta of 1.77. The company's 50 day simple moving average is $3.00 and its 200-day simple moving average is $3.86. Cadiz Inc. has a 12-month low of $2.13 and a 12-month high of $5.68.

Cadiz (NASDAQ:CDZI - Get Free Report) last posted its earnings results on Friday, March 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.06). The company 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, research analysts predict that Cadiz Inc. will post -0.47 EPS for the current fiscal 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.