Levin Capital Strategies L.P. Has $9.70 Million Holdings in Cadiz, Inc. $CDZI

Levin Capital Strategies L.P. increased its holdings in Cadiz, Inc. (NASDAQ:CDZI) by 5.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,242,522 shares of the company’s stock after acquiring an additional 176,142 shares during the period. Levin Capital Strategies L.P. owned about 3.96% of Cadiz worth $9,695,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CDZI. Alyeska Investment Group L.P. acquired a new stake in shares of Cadiz in the 1st quarter worth about $8,016,000. American Assets Investment Management LLC raised its holdings in shares of Cadiz by 1,158.1% in the 1st quarter. American Assets Investment Management LLC now owns 1,897,217 shares of the company’s stock worth $5,559,000 after acquiring an additional 1,746,416 shares during the last quarter. GAM Holding AG acquired a new stake in shares of Cadiz in the 2nd quarter worth about $1,196,000. Nuveen LLC acquired a new stake in shares of Cadiz in the 1st quarter worth about $452,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Cadiz by 55.6% in the 1st quarter. Bank of New York Mellon Corp now owns 158,312 shares of the company’s stock worth $464,000 after acquiring an additional 56,593 shares during the last quarter. Institutional investors and hedge funds own 79.75% of the company’s stock.

Cadiz Trading Down 0.8%

Shares of CDZI stock opened at $5.26 on Tuesday. Cadiz, Inc. has a 52-week low of $2.13 and a 52-week high of $6.10. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.55 and a current ratio of 1.81. The company has a 50-day simple moving average of $4.57 and a two-hundred day simple moving average of $3.58. The company has a market capitalization of $431.77 million, a price-to-earnings ratio of -10.31 and a beta of 1.89.

Cadiz (NASDAQ:CDZI) last issued its quarterly earnings data on Wednesday, August 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.02). Cadiz had a negative return on equity of 97.55% and a negative net margin of 217.49%.The firm had revenue of $4.13 million during the quarter, compared to the consensus estimate of $3.90 million. Research analysts anticipate that Cadiz, Inc. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of Cadiz from a “sell” rating to a “hold” rating in a research report on Saturday, August 16th. Zacks Research raised shares of Cadiz from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cadiz in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cadiz has a consensus rating of “Hold” and a consensus target price of $10.00.

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.