Cadiz (NASDAQ:CDZI) Stock Rating Upgraded by StockNews.com

Cadiz (NASDAQ:CDZI) was upgraded by investment analysts at StockNews.com to a “sell” rating in a report released on Friday.

Cadiz Stock Up 2.5 %

Cadiz stock opened at $3.32 on Friday. The company has a debt-to-equity ratio of 2.86, a current ratio of 1.89 and a quick ratio of 1.40. The company’s 50-day moving average is $3.15 and its 200-day moving average is $3.13. The firm has a market capitalization of $226.36 million, a PE ratio of -6.51 and a beta of 0.85. Cadiz has a fifty-two week low of $2.12 and a fifty-two week high of $3.85.

Insiders Place Their Bets

In related news, major shareholder International Group Se Heerema purchased 2,070,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were acquired at an average price of $3.34 per share, for a total transaction of $6,913,800.00. Following the purchase, the insider now owns 22,783,965 shares in the company, valued at approximately $76,098,443.10. This represents a 9.99 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

Institutional Trading of Cadiz

Several hedge funds and other institutional investors have recently bought and sold shares of CDZI. Nisa Investment Advisors LLC acquired a new stake in shares of Cadiz during the 2nd quarter worth $31,000. SG Americas Securities LLC acquired a new stake in Cadiz during the third quarter worth about $45,000. The Manufacturers Life Insurance Company bought a new position in Cadiz in the 3rd quarter valued at about $58,000. Joel Isaacson & Co. LLC raised its position in shares of Cadiz by 70.8% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 20,500 shares of the company’s stock valued at $62,000 after buying an additional 8,500 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Cadiz by 27.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 20,386 shares of the company’s stock worth $62,000 after acquiring an additional 4,329 shares during the period. Institutional investors and hedge funds own 79.75% of the company’s stock.

Cadiz Company 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.