BidaskClub Downgrades Cadiz (NASDAQ:CDZI) to Buy
NASDAQ CDZI opened at $10.60 on Tuesday. The stock has a fifty day moving average of $10.89. Cadiz has a 52-week low of $8.53 and a 52-week high of $13.55.
Cadiz (NASDAQ:CDZI) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.29) earnings per share (EPS) for the quarter. The business had revenue of $0.11 million for the quarter.
Several institutional investors have recently modified their holdings of the company. Equitec Specialists LLC acquired a new stake in shares of Cadiz during the 2nd quarter valued at about $28,000. BNP Paribas Arbitrage SA boosted its position in shares of Cadiz by 477.4% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,717 shares of the company’s stock valued at $46,000 after acquiring an additional 3,900 shares in the last quarter. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Cadiz during the 4th quarter valued at about $84,000. Rhumbline Advisers boosted its position in shares of Cadiz by 44.7% during the 4th quarter. Rhumbline Advisers now owns 32,701 shares of the company’s stock valued at $337,000 after acquiring an additional 10,095 shares in the last quarter. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Cadiz during the 4th quarter valued at about $116,000. Institutional investors and hedge funds own 43.99% of the company’s stock.
Cadiz Company Profile
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 35,000 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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