Cadiz (NASDAQ:CDZI) was upgraded by stock analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Friday.
NASDAQ:CDZI opened at $10.80 on Friday. The company has a debt-to-equity ratio of -1.94, a current ratio of 6.54 and a quick ratio of 6.54. Cadiz has a 12 month low of $8.85 and a 12 month high of $14.75.
Large investors have recently bought and sold shares of the business. KBC Group NV grew its holdings in Cadiz by 3.6% in the second quarter. KBC Group NV now owns 230,798 shares of the company’s stock worth $3,023,000 after purchasing an additional 8,124 shares during the period. Wafra Inc. acquired a new stake in Cadiz in the second quarter worth $1,821,000. Schwab Charles Investment Management Inc. grew its holdings in Cadiz by 16.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 48,956 shares of the company’s stock worth $661,000 after purchasing an additional 6,900 shares during the period. Northern Trust Corp grew its holdings in Cadiz by 2.4% in the first quarter. Northern Trust Corp now owns 270,318 shares of the company’s stock worth $3,650,000 after purchasing an additional 6,411 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in Cadiz by 14.3% in the second quarter. Janney Montgomery Scott LLC now owns 41,351 shares of the company’s stock worth $542,000 after purchasing an additional 5,170 shares during the period. Institutional investors and hedge funds own 48.09% of the company’s stock.
Cadiz Inc operates as a land and water resource development company in the United States. It engages in the water resource, and land and agricultural development activities in San Bernardino County properties. The company owns approximately 34,500 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County.
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