Cadiz Inc. (NASDAQ:CDZI) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its position in shares of Cadiz Inc. (NASDAQ:CDZI) by 71.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,437 shares of the company’s stock after selling 53,069 shares during the period. Jane Street Group LLC’s holdings in Cadiz were worth $65,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently modified their holdings of the business. B. Riley Financial Inc. grew its holdings in Cadiz by 125.8% in the 3rd quarter. B. Riley Financial Inc. now owns 187,418 shares of the company’s stock valued at $568,000 after buying an additional 104,400 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Cadiz by 27.0% in the third quarter. BNP Paribas Financial Markets now owns 20,386 shares of the company’s stock valued at $62,000 after buying an additional 4,329 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Cadiz during the third quarter worth approximately $58,000. Joel Isaacson & Co. LLC boosted its holdings in shares of Cadiz by 70.8% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 20,500 shares of the company’s stock valued at $62,000 after buying an additional 8,500 shares in the last quarter. Finally, GAM Holding AG grew its holdings in shares of Cadiz by 100.0% during the third quarter. GAM Holding AG now owns 100,000 shares of the company’s stock worth $303,000 after purchasing an additional 50,000 shares during the last quarter. 79.75% of the stock is currently owned by institutional investors and hedge funds.

Cadiz Trading Up 6.5 %

Shares of CDZI stock opened at $5.28 on Thursday. The firm has a 50-day moving average price of $4.17 and a 200 day moving average price of $3.55. Cadiz Inc. has a twelve month low of $2.12 and a twelve month high of $5.68. The company has a market capitalization of $396.97 million, a price-to-earnings ratio of -10.35 and a beta of 0.93. The company has a current ratio of 1.36, a quick ratio of 0.87 and a debt-to-equity ratio of 3.88.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Cadiz to a “sell” rating in a research note on Friday, November 15th.

Insider Transactions at Cadiz

In related news, major shareholder International Group Se Heerema purchased 2,070,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was acquired at an average price of $3.34 per share, with a total value of $6,913,800.00. Following the completion of the transaction, the insider now owns 22,783,965 shares of the company’s stock, valued at $76,098,443.10. This represents a 9.99 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.70% of the company’s stock.

Cadiz 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.