Rhumbline Advisers Sells 4,349 Shares of Cadiz Inc. (NASDAQ:CDZI)

Rhumbline Advisers cut its holdings in Cadiz Inc. (NASDAQ:CDZI) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 34,558 shares of the company’s stock after selling 4,349 shares during the period. Rhumbline Advisers’ holdings in Cadiz were worth $180,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CDZI. B. Riley Financial Inc. raised its position in Cadiz by 125.8% in the third quarter. B. Riley Financial Inc. now owns 187,418 shares of the company’s stock worth $568,000 after acquiring an additional 104,400 shares during the period. HCR Wealth Advisors raised its position in shares of Cadiz by 15.8% during the 4th quarter. HCR Wealth Advisors now owns 528,000 shares of the company’s stock valued at $2,746,000 after purchasing an additional 72,079 shares during the period. Equitec Proprietary Markets LLC raised its position in shares of Cadiz by 71.4% during the 4th quarter. Equitec Proprietary Markets LLC now owns 142,574 shares of the company’s stock valued at $741,000 after purchasing an additional 59,400 shares during the period. Barclays PLC raised its position in shares of Cadiz by 315.6% during the 3rd quarter. Barclays PLC now owns 60,217 shares of the company’s stock valued at $183,000 after purchasing an additional 45,728 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Cadiz by 3.2% during the 3rd quarter. Geode Capital Management LLC now owns 989,296 shares of the company’s stock valued at $2,998,000 after purchasing an additional 30,354 shares during the period. 79.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Cadiz to a “sell” rating in a research report on Wednesday, March 5th.

Cadiz Price Performance

Shares of CDZI stock opened at $3.64 on Tuesday. The company has a market capitalization of $273.67 million, a price-to-earnings ratio of -7.14 and a beta of 0.96. Cadiz Inc. has a one year low of $2.12 and a one year high of $5.68. The company’s fifty day moving average price is $4.80 and its 200-day moving average price is $3.93. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.36 and a quick ratio of 0.87.

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.