Cantor Fitzgerald L. P. Acquires New Shares in Cadiz Inc. (NASDAQ:CDZI)

Cantor Fitzgerald L. P. bought a new stake in Cadiz Inc. (NASDAQ:CDZI) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $208,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its position in Cadiz by 7.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 59,636 shares of the company’s stock worth $311,000 after acquiring an additional 3,922 shares during the last quarter. SG Americas Securities LLC lifted its stake in Cadiz by 31.6% in the 4th quarter. SG Americas Securities LLC now owns 19,717 shares of the company’s stock valued at $103,000 after buying an additional 4,737 shares in the last quarter. Barclays PLC raised its holdings in shares of Cadiz by 10.8% in the fourth quarter. Barclays PLC now owns 66,724 shares of the company’s stock worth $347,000 after acquiring an additional 6,507 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Cadiz by 45.0% during the fourth quarter. Wells Fargo & Company MN now owns 21,611 shares of the company’s stock valued at $112,000 after acquiring an additional 6,707 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Cadiz by 11.9% in the 4th quarter. Bank of New York Mellon Corp now owns 101,719 shares of the company’s stock valued at $529,000 after purchasing an additional 10,790 shares in the last quarter. 79.75% of the stock is currently owned by hedge funds and other institutional investors.

Cadiz Price Performance

Cadiz stock opened at $2.89 on Tuesday. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.87 and a current ratio of 1.36. The company has a market cap of $236.59 million, a price-to-earnings ratio of -5.67 and a beta of 1.77. Cadiz Inc. has a 1 year low of $2.13 and a 1 year high of $5.68. The firm has a 50 day moving average price of $3.10 and a 200 day moving average price of $3.87.

Cadiz (NASDAQ:CDZI) last announced its quarterly earnings data on Friday, March 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Cadiz had a negative net margin of 528.15% and a negative return on equity of 93.78%. The company had revenue of $4.75 million for the quarter, compared to analysts’ expectations of $8.44 million. Sell-side analysts predict that Cadiz Inc. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CDZI. Roth Capital assumed coverage on shares of Cadiz in a report on Thursday, April 17th. They set a “buy” rating and a $10.00 price target for the company. StockNews.com raised Cadiz to a “sell” rating in a research 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.