Cadiz (CDZI) Stock Rating Upgraded by BidaskClub

Cadiz (NASDAQ:CDZI) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Separately, B. Riley set a $18.00 price objective on Cadiz and gave the company a “buy” rating in a report on Monday, October 16th.

Cadiz (CDZI) opened at $14.25 on Tuesday. The firm has a market capitalization of $326.07, a PE ratio of -6.95 and a beta of 0.50. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of -1.76. Cadiz has a 1-year low of $9.65 and a 1-year high of $16.25.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wolverine Trading LLC grew its holdings in shares of Cadiz by 192.6% in the 3rd quarter. Wolverine Trading LLC now owns 10,614 shares of the company’s stock valued at $135,000 after acquiring an additional 22,079 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Cadiz during the second quarter worth about $142,000. Nationwide Fund Advisors bought a new position in Cadiz during the second quarter worth about $157,000. The Manufacturers Life Insurance Company grew its holdings in Cadiz by 14,936.8% during the second quarter. The Manufacturers Life Insurance Company now owns 18,796 shares of the company’s stock worth $254,000 after purchasing an additional 18,671 shares during the period. Finally, New York State Common Retirement Fund bought a new position in Cadiz during the second quarter worth about $301,000. Institutional investors own 49.75% of the company’s stock.

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Cadiz Company Profile

Cadiz Inc is a land and water resource development company. As of December 31, 2016, the Company had 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture.

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