Wells Fargo & Company MN Increases Position in Cadiz Inc. (NASDAQ:CDZI)

Wells Fargo & Company MN lifted its position in Cadiz Inc. (NASDAQ:CDZI) by 45.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 21,611 shares of the company’s stock after purchasing an additional 6,707 shares during the quarter. Wells Fargo & Company MN’s holdings in Cadiz were worth $112,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Landscape Capital Management L.L.C. purchased a new position in Cadiz during the fourth quarter valued at $100,000. Rangeley Capital LLC purchased a new position in Cadiz during the fourth quarter valued at $3,432,000. Geode Capital Management LLC grew its stake in Cadiz by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 1,035,162 shares of the company’s stock valued at $5,384,000 after acquiring an additional 45,866 shares in the last quarter. Intech Investment Management LLC purchased a new position in Cadiz during the fourth quarter valued at $103,000. Finally, American Assets Capital Advisers LLC grew its stake in 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. 79.75% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on CDZI. StockNews.com upgraded shares of Cadiz to a “sell” rating in a research report on Wednesday, March 5th. Roth Capital began coverage on shares of Cadiz in a research report on Thursday, April 17th. They set a “buy” rating and a $10.00 price objective for the company.

Cadiz Trading Up 0.7%

NASDAQ CDZI opened at $3.03 on Monday. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.87 and a current ratio of 1.36. The company has a market capitalization of $248.05 million, a price-to-earnings ratio of -5.94 and a beta of 1.77. The company’s 50-day simple moving average is $3.00 and its two-hundred day simple moving average is $3.86. Cadiz Inc. has a one year low of $2.13 and a one year high of $5.68.

Cadiz (NASDAQ:CDZI) last released its quarterly earnings results on Friday, March 28th. The company reported ($0.14) earnings per share (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 firm had revenue of $4.75 million during the quarter, compared to analysts’ expectations of $8.44 million. Equities analysts forecast that Cadiz Inc. will post -0.47 EPS 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.