Cadiz (NASDAQ:CDZI) Stock Rating Upgraded by Wall Street Zen

Cadiz (NASDAQ:CDZI) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

Several other research firms also recently commented on CDZI. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cadiz in a report on Wednesday, October 8th. Zacks Research upgraded shares of Cadiz from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.00.

Cadiz Stock Up 2.5%

Cadiz stock opened at $5.58 on Friday. The business’s 50-day simple moving average is $5.16 and its two-hundred day simple moving average is $3.90. 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 market cap of $463.34 million, a PE ratio of -10.93 and a beta of 1.90. Cadiz has a fifty-two week low of $2.13 and a fifty-two week high of $6.49.

Cadiz (NASDAQ:CDZI) last released its earnings results on Thursday, November 13th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The firm had revenue of $4.15 million for the quarter, compared to analyst estimates of $3.90 million. Cadiz had a negative return on equity of 97.55% and a negative net margin of 217.49%. Equities analysts anticipate that Cadiz will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. raised its position in shares of Cadiz by 12.9% in the third quarter. Levin Capital Strategies L.P. now owns 3,661,547 shares of the company’s stock worth $17,283,000 after acquiring an additional 419,025 shares during the period. Bank of America Corp DE raised its holdings in Cadiz by 130.0% in the 3rd quarter. Bank of America Corp DE now owns 3,491,080 shares of the company’s stock worth $16,478,000 after purchasing an additional 1,973,329 shares during the period. Vanguard Group Inc. boosted its position in Cadiz by 4.7% during the third quarter. Vanguard Group Inc. now owns 3,035,901 shares of the company’s stock worth $14,329,000 after purchasing an additional 135,343 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in Cadiz during the first quarter worth approximately $8,016,000. Finally, American Assets Investment Management LLC grew its holdings in Cadiz by 1,158.1% in the first quarter. American Assets Investment Management LLC now owns 1,897,217 shares of the company’s stock valued at $5,559,000 after purchasing an additional 1,746,416 shares during the period. Hedge funds and other institutional investors own 79.75% of the company’s stock.

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.