Cadiz Inc. (NASDAQ:CDZI) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Cadiz Inc. (NASDAQ:CDZI) by 3.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 989,296 shares of the company’s stock after purchasing an additional 30,354 shares during the quarter. Geode Capital Management LLC owned approximately 1.45% of Cadiz worth $2,998,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Cadiz in the 3rd quarter valued at $45,000. Evoke Wealth LLC raised its holdings in shares of Cadiz by 70.4% in the 2nd quarter. Evoke Wealth LLC now owns 73,200 shares of the company’s stock valued at $226,000 after purchasing an additional 30,235 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Cadiz by 27.0% in 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 in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Cadiz in the 3rd quarter valued at $58,000. Finally, GAM Holding AG raised its holdings in shares of Cadiz by 100.0% in the 3rd quarter. GAM Holding AG now owns 100,000 shares of the company’s stock valued at $303,000 after purchasing an additional 50,000 shares in the last quarter. 79.75% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder International Group Se Heerema bought 2,070,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were acquired at an average price of $3.34 per share, with a total value of $6,913,800.00. Following the completion of the acquisition, the insider now directly owns 22,783,965 shares in the company, valued at approximately $76,098,443.10. The trade was a 9.99 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Cadiz Trading Down 4.2 %

NASDAQ CDZI opened at $4.77 on Wednesday. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.36 and a quick ratio of 0.87. The firm’s fifty day moving average price is $4.01 and its 200 day moving average price is $3.48. The company has a market capitalization of $358.63 million, a price-to-earnings ratio of -9.35 and a beta of 0.93. Cadiz Inc. has a 12 month low of $2.12 and a 12 month high of $5.46.

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.