Intech Investment Management LLC Invests $103,000 in Cadiz Inc. (NASDAQ:CDZI)

Intech Investment Management LLC purchased a new stake in Cadiz Inc. (NASDAQ:CDZI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,775 shares of the company’s stock, valued at approximately $103,000.

Several other hedge funds have also added to or reduced their stakes in CDZI. Corient Private Wealth LLC acquired a new position in shares of Cadiz in the fourth quarter valued at $57,000. The Manufacturers Life Insurance Company acquired a new position in Cadiz in the 3rd quarter valued at about $58,000. BNP Paribas Financial Markets raised 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 acquiring an additional 4,329 shares during the period. SG Americas Securities LLC lifted its position in Cadiz by 31.6% during the fourth quarter. SG Americas Securities LLC now owns 19,717 shares of the company’s stock worth $103,000 after acquiring an additional 4,737 shares during the last quarter. Finally, SLT Holdings LLC bought a new stake in shares of Cadiz during the fourth quarter worth approximately $125,000. Institutional investors and hedge funds own 79.75% of the company’s stock.

Cadiz Stock Down 0.6 %

CDZI opened at $3.21 on Friday. The stock has a fifty day moving average of $4.36 and a 200-day moving average of $3.94. The company has a market capitalization of $243.84 million, a P/E ratio of -6.29 and a beta of 0.96. Cadiz Inc. has a fifty-two week low of $2.12 and a fifty-two week high of $5.68. The company has a debt-to-equity ratio of 3.88, a quick ratio of 0.87 and a current ratio of 1.36.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Cadiz to a “sell” rating in a research note on Wednesday, March 5th.

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.