Bank of New York Mellon Corp Increases Stock Holdings in Cadiz Inc. (NASDAQ:CDZI)

Bank of New York Mellon Corp boosted its position in shares of Cadiz Inc. (NASDAQ:CDZI) by 11.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 101,719 shares of the company’s stock after acquiring an additional 10,790 shares during the quarter. Bank of New York Mellon Corp’s holdings in Cadiz were worth $529,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CDZI. The Manufacturers Life Insurance Company purchased a new stake in shares of Cadiz in the third quarter worth about $58,000. BNP Paribas Financial Markets increased its stake 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 buying an additional 4,329 shares in the last quarter. SG Americas Securities LLC boosted its stake in Cadiz by 31.6% during the 4th quarter. SG Americas Securities LLC now owns 19,717 shares of the company’s stock worth $103,000 after purchasing an additional 4,737 shares during the last quarter. Barclays PLC grew its stake in Cadiz by 315.6% during the 3rd quarter. Barclays PLC now owns 60,217 shares of the company’s stock valued at $183,000 after acquiring an additional 45,728 shares in the last quarter. Finally, B. Riley Financial Inc. grew its holdings in Cadiz by 125.8% in the 3rd quarter. B. Riley Financial Inc. now owns 187,418 shares of the company’s stock valued at $568,000 after buying an additional 104,400 shares in the last quarter. Institutional investors and hedge funds own 79.75% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Cadiz to a “sell” rating in a report on Wednesday, March 5th.

Cadiz Stock Performance

NASDAQ:CDZI opened at $3.21 on Friday. The company’s 50-day moving average is $4.36 and its two-hundred day moving average is $3.94. Cadiz Inc. has a 1-year low of $2.12 and a 1-year high of $5.68. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.36 and a quick ratio of 0.87. The firm has a market capitalization of $243.84 million, a price-to-earnings ratio of -6.29 and a beta of 0.96.

Cadiz 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.