Cadiz (CDZI) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Cadiz (NASDAQ:CDZI) from a sell rating to a hold rating in a report issued on Friday.

NASDAQ CDZI traded up $0.06 during trading hours on Friday, hitting $11.01. 136,474 shares of the company were exchanged, compared to its average volume of 122,152. The company has a debt-to-equity ratio of -1.94, a quick ratio of 6.54 and a current ratio of 6.54. Cadiz has a 52-week low of $8.85 and a 52-week high of $14.75.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. increased its holdings in shares of Cadiz by 19.9% in the 2nd quarter. BlackRock Inc. now owns 1,462,786 shares of the company’s stock valued at $19,162,000 after acquiring an additional 242,640 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Cadiz by 4.3% in the 2nd quarter. Northern Trust Corp now owns 281,876 shares of the company’s stock valued at $3,692,000 after acquiring an additional 11,558 shares during the last quarter. KBC Group NV increased its holdings in shares of Cadiz by 3.6% in the 2nd quarter. KBC Group NV now owns 230,798 shares of the company’s stock valued at $3,023,000 after acquiring an additional 8,124 shares during the last quarter. Wafra Inc. purchased a new position in shares of Cadiz in the 2nd quarter valued at about $1,821,000. Finally, Marshall Wace LLP increased its holdings in shares of Cadiz by 90.6% in the 2nd quarter. Marshall Wace LLP now owns 116,033 shares of the company’s stock valued at $1,520,000 after acquiring an additional 55,149 shares during the last quarter. Institutional investors own 48.09% 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 34,500 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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