11,000 Shares in Cadiz Inc. (NASDAQ:CDZI) Acquired by Corient Private Wealth LLC

Corient Private Wealth LLC bought a new position in shares of Cadiz Inc. (NASDAQ:CDZI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,000 shares of the company’s stock, valued at approximately $57,000.

Other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new position in Cadiz in the 3rd quarter worth about $58,000. BNP Paribas Financial Markets grew its stake in Cadiz by 27.0% in the third 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 in the last quarter. SG Americas Securities LLC increased its holdings 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 period. SLT Holdings LLC purchased a new stake in shares of Cadiz in the 4th quarter worth $125,000. Finally, Barclays PLC grew its position in shares of Cadiz by 315.6% during the 3rd quarter. Barclays PLC now owns 60,217 shares of the company’s stock worth $183,000 after buying an additional 45,728 shares in the last quarter. 79.75% of the stock is owned by hedge funds and other institutional investors.

Cadiz Price Performance

CDZI stock opened at $2.95 on Thursday. The company has a market capitalization of $224.09 million, a P/E ratio of -5.78 and a beta of 0.96. The firm’s fifty day simple moving average is $4.19 and its 200-day simple moving average is $3.94. Cadiz Inc. has a 12 month low of $2.12 and a 12 month 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.

Cadiz (NASDAQ:CDZI) last released its quarterly earnings results on Friday, March 28th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.06). Cadiz had a negative return on equity of 93.78% and a negative net margin of 528.15%. The business had revenue of $4.75 million during the quarter, compared to analyst estimates of $8.44 million. As a group, equities research analysts forecast that Cadiz Inc. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.