Cadiz (CDZI) Raised to Buy at ValuEngine

Cadiz (NASDAQ:CDZI) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued on Friday.

Separately, BidaskClub downgraded Cadiz from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 1st.

CDZI stock traded up $0.07 during mid-day trading on Friday, reaching $11.07. 45,300 shares of the company’s stock were exchanged, compared to its average volume of 120,998. The company has a current ratio of 6.54, a quick ratio of 6.54 and a debt-to-equity ratio of -1.94. Cadiz has a 12-month low of $8.85 and a 12-month high of $14.75.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its position in Cadiz by 19.9% during the second quarter. BlackRock Inc. now owns 1,462,786 shares of the company’s stock worth $19,162,000 after purchasing an additional 242,640 shares in the last quarter. Northern Trust Corp boosted its position in Cadiz by 4.3% during the second quarter. Northern Trust Corp now owns 281,876 shares of the company’s stock worth $3,692,000 after purchasing an additional 11,558 shares in the last quarter. KBC Group NV boosted its position in Cadiz by 3.6% during the second quarter. KBC Group NV now owns 230,798 shares of the company’s stock worth $3,023,000 after purchasing an additional 8,124 shares in the last quarter. Wafra Inc. purchased a new position in Cadiz during the second quarter worth approximately $1,821,000. Finally, Marshall Wace LLP boosted its position in Cadiz by 90.6% during the second quarter. Marshall Wace LLP now owns 116,033 shares of the company’s stock worth $1,520,000 after purchasing an additional 55,149 shares in the last quarter. Institutional investors own 48.08% of the company’s stock.

About Cadiz

Cadiz Inc operates as a land and water resource development company in the United States. It engages in the water resource, and land and agricultural development activities in San Bernardino County properties. The company owns approximately 34,500 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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