HCR Wealth Advisors increased its stake in Cadiz, Inc. (NASDAQ:CDZI - Free Report) by 15.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 611,750 shares of the company's stock after purchasing an additional 83,750 shares during the quarter. HCR Wealth Advisors owned about 0.75% of Cadiz worth $1,792,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Morton Capital Management LLC CA acquired a new stake in Cadiz in the 1st quarter valued at about $49,000. Corient Private Wealth LLC acquired a new stake in Cadiz in the 4th quarter valued at about $57,000. Ethic Inc. acquired a new stake in Cadiz in the 4th quarter valued at about $57,000. Walleye Capital LLC acquired a new stake in Cadiz in the 4th quarter valued at about $60,000. Finally, ProShare Advisors LLC acquired a new stake in Cadiz in the 4th quarter valued at about $62,000. Institutional investors and hedge funds own 79.75% of the company's stock.
Cadiz Trading Up 1.7%
CDZI stock traded up $0.05 during mid-day trading on Friday, reaching $3.05. 743,663 shares of the stock traded hands, compared to its average volume of 429,368. The company has a current ratio of 2.19, a quick ratio of 1.97 and a debt-to-equity ratio of 1.90. Cadiz, Inc. has a 52-week low of $2.13 and a 52-week high of $5.68. The company has a market cap of $249.73 million, a P/E ratio of -5.55 and a beta of 1.76. The stock's fifty day moving average is $2.89 and its 200-day moving average is $3.74.
Cadiz (NASDAQ:CDZI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 14th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.03). Cadiz had a negative net margin of 296.15% and a negative return on equity of 107.34%. The firm had revenue of $2.95 million for the quarter, compared to analysts' expectations of $4.77 million. As a group, sell-side analysts expect that Cadiz, Inc. will post -0.47 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have weighed in on CDZI shares. Roth Capital started coverage on shares of Cadiz in a report on Thursday, April 17th. They issued a "buy" rating and a $10.00 price target for the company. Wall Street Zen raised shares of Cadiz to a "sell" rating in a report on Wednesday, March 5th.
Read Our Latest Stock Analysis on Cadiz
Cadiz Company Profile
(
Free Report)
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.
Read More
Before you consider Cadiz, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cadiz wasn't on the list.
While Cadiz currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
