HCR Wealth Advisors Has $1.79 Million Stock Position in Cadiz, Inc. (NASDAQ:CDZI)

HCR Wealth Advisors lifted its position in shares of Cadiz, Inc. (NASDAQ:CDZI - Free Report) by 15.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 611,750 shares of the company's stock after acquiring an additional 83,750 shares during the quarter. HCR Wealth Advisors owned approximately 0.75% of Cadiz worth $1,792,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its stake in shares of Cadiz by 7.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 59,636 shares of the company's stock valued at $311,000 after acquiring an additional 3,922 shares during the last quarter. Barclays PLC raised its stake in shares of Cadiz by 10.8% during the fourth quarter. Barclays PLC now owns 66,724 shares of the company's stock valued at $347,000 after acquiring an additional 6,507 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Cadiz by 45.0% during the fourth quarter. Wells Fargo & Company MN now owns 21,611 shares of the company's stock valued at $112,000 after acquiring an additional 6,707 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Cadiz by 11.9% during the fourth 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 during the last quarter. Finally, Ethic Inc. bought a new position in shares of Cadiz during the fourth quarter valued at $57,000. Institutional investors and hedge funds own 79.75% of the company's stock.

Cadiz Trading Up 1.7%

NASDAQ CDZI traded up $0.05 during mid-day trading on Friday, reaching $3.05. 743,663 shares of the stock were exchanged, compared to its average volume of 430,440. Cadiz, Inc. has a one year low of $2.13 and a one year high of $5.68. The stock has a 50 day simple moving average of $2.89 and a 200-day simple moving average of $3.74. The stock has a market cap of $249.72 million, a P/E ratio of -5.55 and a beta of 1.76. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.19 and a quick ratio of 1.97.

Cadiz (NASDAQ:CDZI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $2.95 million during the quarter, compared to the consensus estimate of $4.77 million. On average, analysts anticipate that Cadiz, Inc. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on CDZI shares. Wall Street Zen raised shares of Cadiz to a "sell" rating in a research note on Wednesday, March 5th. Roth Capital started coverage on shares of Cadiz in a research note on Thursday, April 17th. They set a "buy" rating and a $10.00 target price for the company.

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.