Matauro LLC Buys Shares of 107,449 Cadiz, Inc. $CDZI

Matauro LLC purchased a new stake in shares of Cadiz, Inc. (NASDAQ:CDZI) during the fourth quarter, Holdings Channel reports. The fund purchased 107,449 shares of the company’s stock, valued at approximately $603,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CDZI. Bank of America Corp DE increased its stake in shares of Cadiz by 130.0% in the third quarter. Bank of America Corp DE now owns 3,491,080 shares of the company’s stock valued at $16,478,000 after buying an additional 1,973,329 shares during the period. Permanent Capital Management LP acquired a new stake in Cadiz during the 3rd quarter worth approximately $2,344,000. Levin Capital Strategies L.P. grew its holdings in Cadiz by 12.9% during the 3rd quarter. Levin Capital Strategies L.P. now owns 3,661,547 shares of the company’s stock worth $17,283,000 after acquiring an additional 419,025 shares during the last quarter. Geode Capital Management LLC grew its holdings in Cadiz by 19.8% during the 2nd quarter. Geode Capital Management LLC now owns 1,262,379 shares of the company’s stock worth $3,775,000 after acquiring an additional 208,830 shares during the last quarter. Finally, Diametric Capital LP acquired a new position in Cadiz in the 2nd quarter valued at approximately $486,000. 79.75% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CDZI has been the subject of several analyst reports. Wall Street Zen downgraded shares of Cadiz from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cadiz in a research note on Wednesday, January 21st. Finally, Maxim Group began coverage on Cadiz in a research report on Monday, February 2nd. They set a “buy” rating and a $10.00 target price for the company. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Cadiz Stock Up 3.1%

Shares of NASDAQ:CDZI opened at $5.06 on Thursday. Cadiz, Inc. has a 1 year low of $2.13 and a 1 year high of $6.96. The company has a debt-to-equity ratio of 3.14, a current ratio of 1.26 and a quick ratio of 0.96. The business’s 50-day moving average is $5.25 and its 200-day moving average is $5.33. The company has a market capitalization of $420.54 million, a price-to-earnings ratio of -10.54 and a beta of 2.05.

Cadiz (NASDAQ:CDZI) last released its earnings results on Tuesday, March 31st. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.54 by ($0.67). The business had revenue of $5.08 million for the quarter, compared to analyst estimates of $4.80 million. Cadiz had a negative return on equity of 93.48% and a negative net margin of 206.65%. Equities research analysts predict that Cadiz, Inc. will post -0.47 earnings per share for the current year.

About Cadiz

Cadiz, Inc (NASDAQ: CDZI) is a Southern California–based water resource management company focused on developing and operating groundwater storage, recovery and conveyance projects. The company holds water rights and mineral rights on approximately 34,000 acres in the Mojave Desert and is chiefly known for advancing the Cadiz Water Project, a planned system to capture, store and distribute groundwater to urban and agricultural users in the region.

The company’s primary business activity centers on the development of infrastructure that enables sustainable groundwater banking.