Cadiz Inc. (NASDAQ:CDZI) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its holdings in shares of Cadiz Inc. (NASDAQ:CDZI) by 22,150.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,935 shares of the company’s stock after acquiring an additional 36,769 shares during the quarter. Russell Investments Group Ltd.’s holdings in Cadiz were worth $192,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Rangeley Capital LLC bought a new position in shares of Cadiz in the fourth quarter worth $3,432,000. American Assets Capital Advisers LLC boosted its holdings in shares of Cadiz by 5.6% in the fourth quarter. American Assets Capital Advisers LLC now owns 2,384,208 shares of the company’s stock worth $12,398,000 after buying an additional 126,000 shares during the period. HCR Wealth Advisors grew its position in Cadiz by 15.8% during the 4th quarter. HCR Wealth Advisors now owns 528,000 shares of the company’s stock worth $2,746,000 after purchasing an additional 72,079 shares in the last quarter. Equitec Proprietary Markets LLC raised its position in Cadiz by 71.4% during the fourth quarter. Equitec Proprietary Markets LLC now owns 142,574 shares of the company’s stock valued at $741,000 after buying an additional 59,400 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Cadiz by 4.6% during the fourth quarter. Geode Capital Management LLC now owns 1,035,162 shares of the company’s stock worth $5,384,000 after purchasing an additional 45,866 shares during the period. Institutional investors own 79.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CDZI. Roth Capital started coverage on shares of Cadiz in a research note on Thursday, April 17th. They set a “buy” rating and a $10.00 price target on the stock. StockNews.com upgraded shares of Cadiz to a “sell” rating in a research note on Wednesday, March 5th.

Cadiz Stock Down 0.3 %

NASDAQ:CDZI opened at $2.86 on Friday. 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 52-week low of $2.13 and a 52-week high of $5.68. The company has a market cap of $233.91 million, a price-to-earnings ratio of -5.61 and a beta of 1.54. The stock’s fifty day moving average price is $3.30 and its two-hundred day moving average price is $3.86.

Cadiz (NASDAQ:CDZI) last issued its quarterly earnings data on Friday, March 28th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.06). The company had revenue of $4.75 million for the quarter, compared to the consensus estimate of $8.44 million. Cadiz had a negative return on equity of 93.78% and a negative net margin of 528.15%. On average, analysts anticipate that Cadiz Inc. will post -0.47 EPS for the current year.

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.