BidaskClub lowered shares of Cadiz (NASDAQ:CDZI) from a buy rating to a hold rating in a report published on Wednesday.
Shares of Cadiz (CDZI) opened at $14.10 on Wednesday. The firm has a market capitalization of $321.51, a PE ratio of -6.88 and a beta of 0.50. The company has a debt-to-equity ratio of -1.76, a quick ratio of 1.84 and a current ratio of 1.84. Cadiz has a 12-month low of $9.65 and a 12-month high of $16.25.
Institutional investors and hedge funds have recently made changes to their positions in the business. Wolverine Trading LLC grew its position in Cadiz by 192.6% during the 3rd quarter. Wolverine Trading LLC now owns 10,614 shares of the company’s stock worth $135,000 after purchasing an additional 22,079 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Cadiz during the 2nd quarter worth about $142,000. MetLife Investment Advisors LLC acquired a new stake in Cadiz during the 4th quarter worth about $150,000. Nationwide Fund Advisors acquired a new stake in Cadiz during the 2nd quarter worth about $157,000. Finally, Raymond James & Associates acquired a new stake in Cadiz during the 4th quarter worth about $171,000. 49.84% of the stock is currently owned by institutional investors.
Cadiz Inc is a land and water resource development company. As of December 31, 2016, the Company had 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture.
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