Squarepoint Ops LLC Purchases Shares of 29,580 Cadiz Inc. (NASDAQ:CDZI)

Squarepoint Ops LLC acquired a new stake in shares of Cadiz Inc. (NASDAQ:CDZI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 29,580 shares of the company’s stock, valued at approximately $154,000.

A number of other hedge funds also recently bought and sold shares of the company. Equitec Proprietary Markets LLC increased its holdings in Cadiz by 71.4% in 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. Renaissance Technologies LLC acquired a new position in Cadiz in the fourth quarter worth approximately $573,000. Bank of America Corp DE grew its holdings in Cadiz by 911.7% during the fourth quarter. Bank of America Corp DE now owns 630,394 shares of the company’s stock valued at $3,278,000 after purchasing an additional 568,084 shares during the last quarter. Rangeley Capital LLC acquired a new position in Cadiz during the fourth quarter valued at approximately $3,432,000. Finally, B. Riley Financial Inc. grew its holdings in Cadiz by 825.2% during the fourth quarter. B. Riley Financial Inc. now owns 1,733,972 shares of the company’s stock valued at $9,017,000 after purchasing an additional 1,546,554 shares during the last quarter. 79.75% of the stock is owned by hedge funds and other institutional investors.

Cadiz Trading Up 2.6%

Shares of CDZI stock opened at $3.16 on Monday. Cadiz Inc. has a 12 month low of $2.13 and a 12 month high of $5.68. 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 business’s 50 day moving average is $2.81 and its two-hundred day moving average is $3.81. The company has a market cap of $258.73 million, a PE ratio of -6.20 and a beta of 1.76.

Cadiz (NASDAQ:CDZI) last posted its quarterly earnings data 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). Cadiz had a negative net margin of 528.15% and a negative return on equity of 93.78%. The business had revenue of $2.95 million during the quarter, compared to the consensus estimate of $4.77 million. Equities analysts predict that Cadiz Inc. will post -0.47 EPS for the current year.

Analyst Ratings Changes

CDZI has been the topic of several analyst reports. Roth Capital initiated coverage on Cadiz in a report on Thursday, April 17th. They set a “buy” rating and a $10.00 price target on the stock. Wall Street Zen upgraded Cadiz to a “sell” rating in a report 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.