Delta Investment Management LLC Raises Stake in Cadiz, Inc. $CDZI

Delta Investment Management LLC lifted its position in Cadiz, Inc. (NASDAQ:CDZI) by 12.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 154,681 shares of the company’s stock after acquiring an additional 17,500 shares during the quarter. Delta Investment Management LLC owned 0.19% of Cadiz worth $462,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CDZI. Virtu Financial LLC bought a new stake in shares of Cadiz in the first quarter valued at about $41,000. Brookwood Investment Group LLC bought a new stake in shares of Cadiz in the first quarter valued at about $62,000. AQR Capital Management LLC bought a new stake in shares of Cadiz in the first quarter valued at about $79,000. Deutsche Bank AG raised its holdings in shares of Cadiz by 171.8% in the first quarter. Deutsche Bank AG now owns 41,266 shares of the company’s stock valued at $121,000 after acquiring an additional 26,086 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Cadiz by 92.2% in the first quarter. Russell Investments Group Ltd. now owns 70,980 shares of the company’s stock valued at $208,000 after acquiring an additional 34,045 shares in the last quarter. 79.75% of the stock is currently owned by institutional investors.

Cadiz Stock Performance

Shares of Cadiz stock opened at $5.24 on Monday. The company has a market capitalization of $429.78 million, a PE ratio of -10.27 and a beta of 1.89. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.55 and a current ratio of 1.81. The company has a 50-day simple moving average of $4.34 and a two-hundred day simple moving average of $3.45. Cadiz, Inc. has a one year low of $2.13 and a one year high of $6.10.

Cadiz (NASDAQ:CDZI) last announced its earnings results on Wednesday, August 13th. The company reported ($0.11) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). Cadiz had a negative return on equity of 97.55% and a negative net margin of 217.49%.The firm had revenue of $4.13 million during the quarter, compared to the consensus estimate of $3.90 million. Research analysts expect that Cadiz, Inc. will post -0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on CDZI. Zacks Research upgraded Cadiz from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Cadiz in a report on Friday. Finally, Wall Street Zen upgraded shares of Cadiz from a “sell” rating to a “hold” rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.00.

Cadiz 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.