Barclays PLC Boosts Holdings in Cadiz Inc. (NASDAQ:CDZI)

Barclays PLC lifted its stake in Cadiz Inc. (NASDAQ:CDZI) by 315.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,217 shares of the company’s stock after purchasing an additional 45,728 shares during the quarter. Barclays PLC owned 0.08% of Cadiz worth $183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. SG Americas Securities LLC bought a new stake in Cadiz in the 3rd quarter worth about $45,000. The Manufacturers Life Insurance Company bought a new stake in Cadiz in the 3rd quarter worth about $58,000. BNP Paribas Financial Markets grew its stake in shares of Cadiz by 27.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 20,386 shares of the company’s stock valued at $62,000 after purchasing an additional 4,329 shares during the period. Joel Isaacson & Co. LLC grew its stake in shares of Cadiz by 70.8% during the 3rd quarter. Joel Isaacson & Co. LLC now owns 20,500 shares of the company’s stock valued at $62,000 after purchasing an additional 8,500 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Cadiz by 6.8% during the 2nd quarter. Rhumbline Advisers now owns 46,978 shares of the company’s stock valued at $145,000 after purchasing an additional 2,995 shares during the period. Hedge funds and other institutional investors own 79.75% of the company’s stock.

Insider Transactions at Cadiz

In related news, major shareholder International Group Se Heerema bought 2,070,000 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were purchased at an average price of $3.34 per share, with a total value of $6,913,800.00. Following the transaction, the insider now owns 22,783,965 shares in the company, valued at $76,098,443.10. This trade represents a 9.99 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.70% of the company’s stock.

Cadiz Trading Down 11.7 %

Shares of NASDAQ:CDZI opened at $4.81 on Thursday. The stock has a 50 day moving average of $4.37 and a 200 day moving average of $3.63. The company has a market cap of $361.62 million, a PE ratio of -9.43 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. Cadiz Inc. has a 12-month low of $2.12 and a 12-month high of $5.68.

Analysts Set New Price Targets

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

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.