Ingalls & Snyder LLC Reduces Holdings in Cadiz Inc. (NASDAQ:CDZI)

Ingalls & Snyder LLC decreased its position in shares of Cadiz Inc. (NASDAQ:CDZI) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 103,700 shares of the company’s stock after selling 3,600 shares during the quarter. Ingalls & Snyder LLC’s holdings in Cadiz were worth $539,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. B. Riley Financial Inc. grew its holdings in shares of Cadiz by 125.8% during the third quarter. B. Riley Financial Inc. now owns 187,418 shares of the company’s stock worth $568,000 after buying an additional 104,400 shares during the last quarter. HCR Wealth Advisors grew its holdings in shares of Cadiz by 15.8% during the fourth quarter. HCR Wealth Advisors now owns 528,000 shares of the company’s stock worth $2,746,000 after buying an additional 72,079 shares during the last quarter. Equitec Proprietary Markets LLC grew its holdings in shares of Cadiz by 71.4% during the fourth quarter. Equitec Proprietary Markets LLC now owns 142,574 shares of the company’s stock worth $741,000 after buying an additional 59,400 shares during the last quarter. GAM Holding AG grew its holdings in shares of Cadiz by 100.0% during the third quarter. GAM Holding AG now owns 100,000 shares of the company’s stock worth $303,000 after buying an additional 50,000 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Cadiz by 315.6% during the third quarter. Barclays PLC now owns 60,217 shares of the company’s stock worth $183,000 after buying an additional 45,728 shares during the last quarter. Hedge funds and other institutional investors own 79.75% of the company’s stock.

Cadiz Price Performance

Shares of NASDAQ:CDZI opened at $5.11 on Friday. Cadiz Inc. has a 52 week low of $2.12 and a 52 week high of $5.68. The company has a 50-day moving average price of $4.72 and a 200 day moving average price of $3.78. The company has a market cap of $384.17 million, a P/E ratio of -10.02 and a beta of 0.91. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 3.88.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Cadiz to a “sell” rating in a report on Friday, November 15th.

About Cadiz

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.