Cadiz Inc. (NASDAQ:CDZI) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its position in shares of Cadiz Inc. (NASDAQ:CDZI) by 3.2% during the third quarter, Holdings Channel reports. The firm owned 989,296 shares of the company’s stock after buying an additional 30,354 shares during the quarter. Geode Capital Management LLC’s holdings in Cadiz were worth $2,998,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CDZI. SG Americas Securities LLC purchased a new position in shares of Cadiz during the third quarter valued at approximately $45,000. The Manufacturers Life Insurance Company purchased a new position in Cadiz in the third quarter valued at approximately $58,000. BNP Paribas Financial Markets boosted its position in 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 purchasing an additional 4,329 shares during the period. Joel Isaacson & Co. LLC boosted its position in shares of Cadiz by 70.8% in the third quarter. Joel Isaacson & Co. LLC now owns 20,500 shares of the company’s stock worth $62,000 after buying an additional 8,500 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Cadiz by 6.8% in the second quarter. Rhumbline Advisers now owns 46,978 shares of the company’s stock valued at $145,000 after buying an additional 2,995 shares in the last quarter. Hedge funds and other institutional investors own 79.75% of the company’s stock.

Cadiz Stock Down 4.2 %

Shares of NASDAQ:CDZI opened at $4.77 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 3.88. Cadiz Inc. has a 12-month low of $2.12 and a 12-month high of $5.46. The company has a fifty day simple moving average of $4.01 and a 200 day simple moving average of $3.48. The firm has a market cap of $358.63 million, a PE ratio of -9.35 and a beta of 0.93.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Cadiz to a “sell” rating in a report on Friday, November 15th.

Insiders Place Their Bets

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

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.