10,919 Shares in Cadiz Inc. (NASDAQ:CDZI) Purchased by Ethic Inc.

Ethic Inc. purchased a new position in Cadiz Inc. (NASDAQ:CDZI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 10,919 shares of the company’s stock, valued at approximately $57,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CDZI. Price T Rowe Associates Inc. MD boosted its position in shares of Cadiz by 7.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 59,636 shares of the company’s stock valued at $311,000 after buying an additional 3,922 shares during the period. SG Americas Securities LLC boosted its position in shares of Cadiz by 31.6% during the fourth quarter. SG Americas Securities LLC now owns 19,717 shares of the company’s stock valued at $103,000 after buying an additional 4,737 shares during the period. Barclays PLC boosted its position in shares of Cadiz by 10.8% during the fourth quarter. Barclays PLC now owns 66,724 shares of the company’s stock valued at $347,000 after buying an additional 6,507 shares during the period. Wells Fargo & Company MN boosted its position in shares of Cadiz by 45.0% during the fourth quarter. Wells Fargo & Company MN now owns 21,611 shares of the company’s stock valued at $112,000 after buying an additional 6,707 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Cadiz by 11.9% during the fourth quarter. Bank of New York Mellon Corp now owns 101,719 shares of the company’s stock valued at $529,000 after buying an additional 10,790 shares during the period. Hedge funds and other institutional investors own 79.75% of the company’s stock.

Cadiz Stock Down 1.4%

Shares of NASDAQ CDZI opened at $2.91 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 firm has a market capitalization of $238.26 million, a price-to-earnings ratio of -5.71 and a beta of 1.77. The stock has a 50 day moving average price of $2.93 and a 200 day moving average price of $3.87. Cadiz Inc. has a 52-week low of $2.13 and a 52-week high of $5.68.

Cadiz (NASDAQ:CDZI) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The firm had revenue of $2.95 million during the quarter, compared to analysts’ expectations of $4.77 million. Cadiz had a negative net margin of 528.15% and a negative return on equity of 93.78%. Sell-side analysts expect that Cadiz Inc. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CDZI has been the subject of several recent analyst reports. Roth Capital initiated coverage on Cadiz in a research report on Thursday, April 17th. They set a “buy” rating and a $10.00 target price for the company. StockNews.com upgraded Cadiz to a “sell” rating in a research report on Wednesday, March 5th.

About Cadiz

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.