Northern Trust Corp Increases Holdings in Cadiz Inc. (NASDAQ:CDZI)

Northern Trust Corp boosted its holdings in shares of Cadiz Inc. (NASDAQ:CDZI) by 4.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 401,512 shares of the company’s stock after purchasing an additional 18,000 shares during the period. Northern Trust Corp owned about 0.53% of Cadiz worth $2,088,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CDZI. Price T Rowe Associates Inc. MD grew its holdings in shares of Cadiz by 7.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 59,636 shares of the company’s stock worth $311,000 after acquiring an additional 3,922 shares during the period. SG Americas Securities LLC grew its holdings in shares of Cadiz by 31.6% during the 4th 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 period. Barclays PLC grew its holdings in shares of Cadiz by 10.8% during the 4th quarter. Barclays PLC now owns 66,724 shares of the company’s stock worth $347,000 after acquiring an additional 6,507 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Cadiz by 45.0% during the 4th quarter. Wells Fargo & Company MN now owns 21,611 shares of the company’s stock worth $112,000 after acquiring an additional 6,707 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in shares of Cadiz by 11.9% during the 4th quarter. Bank of New York Mellon Corp now owns 101,719 shares of the company’s stock worth $529,000 after acquiring an additional 10,790 shares during the period. Hedge funds and other institutional investors own 79.75% of the company’s stock.

Cadiz Stock Performance

Cadiz stock opened at $2.72 on Monday. The company has a quick ratio of 0.87, a current ratio of 1.36 and a debt-to-equity ratio of 3.88. The company has a market capitalization of $222.70 million, a P/E ratio of -5.33 and a beta of 1.77. The stock’s 50 day moving average is $2.86 and its 200 day moving average is $3.84. Cadiz Inc. has a twelve month low of $2.13 and a twelve month high of $5.68.

Cadiz (NASDAQ:CDZI) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The company had revenue of $2.95 million during the quarter, compared to analysts’ expectations of $4.77 million. Cadiz had a negative return on equity of 93.78% and a negative net margin of 528.15%. On average, equities research analysts predict that Cadiz Inc. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CDZI. Roth Capital began coverage on Cadiz in a report on Thursday, April 17th. They set a “buy” rating and a $10.00 target price on the stock. Wall Street Zen upgraded Cadiz to a “sell” rating in a report on Wednesday, March 5th.

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.