272 Capital LP Lowers Stake in Cadiz Inc. (NASDAQ:CDZI)

272 Capital LP trimmed its stake in shares of Cadiz Inc. (NASDAQ:CDZI) by 11.1% in the second quarter, HoldingsChannel.com reports. The fund owned 3,522,582 shares of the company’s stock after selling 438,861 shares during the quarter. Cadiz comprises about 5.5% of 272 Capital LP’s investment portfolio, making the stock its 3rd biggest position. 272 Capital LP owned 0.05% of Cadiz worth $10,885,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CDZI. Levin Capital Strategies L.P. boosted its stake in Cadiz by 116.2% in the first quarter. Levin Capital Strategies L.P. now owns 2,105,529 shares of the company’s stock valued at $6,106,000 after buying an additional 1,131,576 shares in the last quarter. HCR Wealth Advisors increased its stake in shares of Cadiz by 347.6% in the second quarter. HCR Wealth Advisors now owns 366,687 shares of the company’s stock valued at $1,133,000 after buying an additional 284,766 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Cadiz by 5.3% during the first quarter. Vanguard Group Inc. now owns 2,280,495 shares of the company’s stock worth $6,613,000 after purchasing an additional 113,834 shares during the period. Christopher J. Hasenberg Inc acquired a new stake in shares of Cadiz in the second quarter valued at about $123,000. Finally, Evoke Wealth LLC increased its position in Cadiz by 70.4% during the 2nd quarter. Evoke Wealth LLC now owns 73,200 shares of the company’s stock valued at $226,000 after purchasing an additional 30,235 shares during the period. 79.75% of the stock is owned by institutional investors and hedge funds.

Cadiz Stock Down 0.3 %

Shares of NASDAQ CDZI opened at $3.10 on Tuesday. The company’s 50 day moving average price is $3.28 and its 200-day moving average price is $2.95. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.40 and a current ratio of 1.89. Cadiz Inc. has a 52-week low of $2.12 and a 52-week high of $3.85. The company has a market capitalization of $210.16 million, a P/E ratio of -6.33 and a beta of 0.85.

Cadiz (NASDAQ:CDZI) last issued its quarterly earnings results on Tuesday, August 13th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). Cadiz had a negative net margin of 1,095.05% and a negative return on equity of 77.51%. The firm had revenue of $0.51 million for the quarter, compared to the consensus estimate of $4.00 million. Equities analysts forecast that Cadiz Inc. will post -0.41 earnings per share for the current year.

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.