Cadiz Inc. (NASDAQ:CDZI) Shares Acquired by HCR Wealth Advisors

HCR Wealth Advisors increased its stake in shares of Cadiz Inc. (NASDAQ:CDZI) by 15.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 528,000 shares of the company’s stock after buying an additional 72,079 shares during the quarter. HCR Wealth Advisors’ holdings in Cadiz were worth $2,746,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Barclays PLC boosted its holdings in shares of Cadiz by 315.6% in the third 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. Geode Capital Management LLC lifted its position in Cadiz by 3.2% in the third quarter. Geode Capital Management LLC now owns 989,296 shares of the company’s stock valued at $2,998,000 after purchasing an additional 30,354 shares during the period. B. Riley Financial Inc. lifted its position in Cadiz by 125.8% in the third quarter. B. Riley Financial Inc. now owns 187,418 shares of the company’s stock valued at $568,000 after purchasing an additional 104,400 shares during the period. BNP Paribas Financial Markets boosted its holdings in Cadiz by 27.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 20,386 shares of the company’s stock valued at $62,000 after purchasing an additional 4,329 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Cadiz during the 3rd quarter worth approximately $58,000. Institutional investors and hedge funds own 79.75% of the company’s stock.

Insider Activity at Cadiz

In other news, major shareholder International Group Se Heerema acquired 2,070,000 shares of Cadiz stock in a transaction that occurred on Tuesday, November 5th. The stock was purchased at an average cost of $3.34 per share, with a total value of $6,913,800.00. Following the completion of the acquisition, the insider now owns 22,783,965 shares in the company, valued at $76,098,443.10. This trade represents a 9.99 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.70% of the company’s stock.

Cadiz Stock Up 6.5 %

Shares of NASDAQ CDZI opened at $5.28 on Thursday. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.87 and a current ratio of 1.36. Cadiz Inc. has a one year low of $2.12 and a one year high of $5.68. The company’s fifty day moving average is $4.17 and its two-hundred day moving average is $3.55.

Analyst Ratings Changes

Separately, StockNews.com upgraded Cadiz to a “sell” rating in a research note on Friday, November 15th.

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.