Whitefort Capital Management LP Takes $19.34 Million Position in Cadiz Inc. (NASDAQ:CDZI)

Whitefort Capital Management LP bought a new position in shares of Cadiz Inc. (NASDAQ:CDZI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,719,951 shares of the company's stock, valued at approximately $19,344,000. Cadiz makes up about 9.3% of Whitefort Capital Management LP's portfolio, making the stock its 5th biggest position. Whitefort Capital Management LP owned approximately 4.95% of Cadiz at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CDZI. American Assets Capital Advisers LLC increased its holdings in shares of Cadiz by 5.6% during the fourth quarter. American Assets Capital Advisers LLC now owns 2,384,208 shares of the company's stock valued at $12,398,000 after acquiring an additional 126,000 shares in the last quarter. B. Riley Financial Inc. increased its stake in Cadiz by 825.2% during the 4th quarter. B. Riley Financial Inc. now owns 1,733,972 shares of the company's stock valued at $9,017,000 after purchasing an additional 1,546,554 shares in the last quarter. Geode Capital Management LLC increased its stake in Cadiz by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 1,035,162 shares of the company's stock valued at $5,384,000 after purchasing an additional 45,866 shares in the last quarter. Rangeley Capital LLC acquired a new position in Cadiz during the fourth quarter worth $3,432,000. Finally, Bank of America Corp DE lifted its stake in shares of Cadiz by 911.7% in the fourth quarter. Bank of America Corp DE now owns 630,394 shares of the company's stock valued at $3,278,000 after buying an additional 568,084 shares in the last quarter. 79.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Cadiz Stock Down 2.4%

Shares of NASDAQ:CDZI opened at $2.84 on Tuesday. The business's 50 day moving average is $2.92 and its 200 day moving average is $3.86. Cadiz Inc. has a 12-month low of $2.13 and a 12-month high of $5.68. The stock has a market cap of $232.53 million, a price-to-earnings ratio of -5.57 and a beta of 1.77. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 3.88.

Cadiz (NASDAQ:CDZI - Get Free Report) last issued its quarterly earnings data 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 528.15% and a negative return on equity of 93.78%. The company had revenue of $2.95 million for the quarter, compared to the consensus estimate of $4.77 million. On average, sell-side analysts forecast that Cadiz Inc. will post -0.47 earnings per share for the current fiscal year.

Cadiz Company 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.

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