Cadiz Inc (NASDAQ:CDZI) has received a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Zacks has also given Cadiz an industry rank of 219 out of 256 based on the ratings given to its competitors.

Several research analysts recently weighed in on CDZI shares. B. Riley restated a “buy” rating on shares of Cadiz in a research report on Wednesday. BidaskClub cut shares of Cadiz from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 28th.

In related news, major shareholder Water Asset Management Llc sold 800,000 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $11.00, for a total value of $8,800,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.25% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of CDZI. Bank of America Corp DE grew its position in Cadiz by 344.2% during the fourth quarter. Bank of America Corp DE now owns 54,535 shares of the company’s stock valued at $562,000 after acquiring an additional 42,258 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in Cadiz by 477.4% during the first 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 during the last quarter. Marshall Wace LLP grew its position in Cadiz by 23.3% during the first quarter. Marshall Wace LLP now owns 101,790 shares of the company’s stock valued at $985,000 after acquiring an additional 19,228 shares during the last quarter. Equitec Specialists LLC bought a new position in Cadiz during the second quarter valued at approximately $28,000. Finally, Tokio Marine Asset Management Co. Ltd. grew its position in Cadiz by 59.2% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,900 shares of the company’s stock valued at $224,000 after acquiring an additional 7,400 shares during the last quarter. Institutional investors and hedge funds own 40.86% of the company’s stock.

Shares of CDZI stock traded up $0.11 during trading on Friday, hitting $11.99. The company had a trading volume of 109,100 shares, compared to its average volume of 153,446. The stock’s 50-day moving average is $11.94 and its two-hundred day moving average is $10.70. Cadiz has a 52 week low of $8.53 and a 52 week high of $13.15.

Cadiz (NASDAQ:CDZI) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.28) earnings per share for the quarter. The company had revenue of $0.11 million for the quarter.

About Cadiz

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.

See Also: What is channel trading?

Get a free copy of the Zacks research report on Cadiz (CDZI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Cadiz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cadiz and related companies with MarketBeat.com's FREE daily email newsletter.