Renaissance Technologies LLC Acquires Shares of 110,100 Cadiz Inc. (NASDAQ:CDZI)

Renaissance Technologies LLC purchased a new position in Cadiz Inc. (NASDAQ:CDZI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 110,100 shares of the company's stock, valued at approximately $573,000. Renaissance Technologies LLC owned approximately 0.15% of Cadiz at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Cadiz by 3.2% in the 3rd quarter. Geode Capital Management LLC now owns 989,296 shares of the company's stock valued at $2,998,000 after purchasing an additional 30,354 shares during the period. Equitec Proprietary Markets LLC grew its position 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 buying an additional 59,400 shares in the last quarter. HCR Wealth Advisors grew its position in Cadiz by 15.8% during the fourth quarter. HCR Wealth Advisors now owns 528,000 shares of the company's stock worth $2,746,000 after buying an additional 72,079 shares in the last quarter. Rangeley Capital LLC bought a new position in Cadiz in the 4th quarter worth about $3,432,000. Finally, American Assets Capital Advisers LLC boosted its position in shares of Cadiz by 5.6% during the 4th 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 during the last quarter. 79.75% of the stock is currently owned by institutional investors.

Cadiz Price Performance

Shares of Cadiz stock traded down $0.01 during trading on Wednesday, hitting $2.98. 438,610 shares of the stock traded hands, compared to its average volume of 394,187. The stock has a market cap of $243.96 million, a price-to-earnings ratio of -5.84 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 Inc. has a 52 week low of $2.13 and a 52 week high of $5.68. The firm's fifty day moving average is $3.08 and its 200-day moving average is $3.86.

Cadiz (NASDAQ:CDZI - Get Free Report) last posted its quarterly 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). Cadiz had a negative return on equity of 93.78% and a negative net margin of 528.15%. The business had revenue of $4.75 million for the quarter, compared to analysts' expectations of $8.44 million. Research analysts expect that Cadiz Inc. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Roth Capital initiated coverage on shares of Cadiz in a research note on Thursday, April 17th. They issued a "buy" rating and a $10.00 target price on the stock. StockNews.com upgraded shares of Cadiz to a "sell" rating in a research report on Wednesday, March 5th.

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.