Neuberger Berman Group LLC Acquires Shares of 10,535 Cadiz, Inc. $CDZI

Neuberger Berman Group LLC bought a new position in Cadiz, Inc. (NASDAQ:CDZI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,535 shares of the company’s stock, valued at approximately $32,000.

A number of other large investors have also made changes to their positions in CDZI. ProShare Advisors LLC acquired a new position in Cadiz in the 2nd quarter worth approximately $34,000. Virtu Financial LLC acquired a new stake in shares of Cadiz in the first quarter worth $41,000. Evelyn Partners Investment Management LLP boosted its position in shares of Cadiz by 1,526.4% in the second quarter. Evelyn Partners Investment Management LLP now owns 15,191 shares of the company’s stock worth $45,000 after buying an additional 14,257 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Cadiz by 12.9% during the second quarter. JPMorgan Chase & Co. now owns 26,889 shares of the company’s stock valued at $80,000 after buying an additional 3,074 shares in the last quarter. Finally, AQR Capital Management LLC acquired a new position in Cadiz during the first quarter valued at $79,000. Institutional investors and hedge funds own 79.75% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CDZI shares. Zacks Research raised Cadiz from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th. Wall Street Zen raised shares of Cadiz from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cadiz in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Cadiz currently has an average rating of “Hold” and a consensus price target of $10.00.

Cadiz Stock Up 2.5%

CDZI opened at $5.58 on Friday. Cadiz, Inc. has a fifty-two week low of $2.13 and a fifty-two week high of $6.49. The business has a 50-day moving average of $5.16 and a 200-day moving average of $3.90. The company has a debt-to-equity ratio of 2.40, a current ratio of 1.81 and a quick ratio of 1.55. The company has a market capitalization of $463.34 million, a PE ratio of -10.93 and a beta of 1.90.

Cadiz (NASDAQ:CDZI) last announced its quarterly earnings results on Thursday, November 13th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The firm had revenue of $4.15 million during the quarter, compared to the consensus estimate of $3.90 million. Cadiz had a negative net margin of 217.49% and a negative return on equity of 97.55%. Equities research analysts forecast that Cadiz, Inc. will post -0.47 EPS for the current fiscal year.

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.