Cadiz Inc. (NASDAQ:CDZI) Stock Position Decreased by Elkhorn Partners Limited Partnership

Elkhorn Partners Limited Partnership trimmed its position in Cadiz Inc. (NASDAQ:CDZI) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 596,654 shares of the company’s stock after selling 45,846 shares during the quarter. Cadiz comprises approximately 2.0% of Elkhorn Partners Limited Partnership’s holdings, making the stock its 7th biggest position. Elkhorn Partners Limited Partnership owned about 0.79% of Cadiz worth $3,103,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CDZI. Rangeley Capital LLC purchased a new position in shares of Cadiz in the fourth quarter valued at about $3,432,000. American Assets Capital Advisers LLC lifted its holdings in Cadiz by 5.6% in the 4th quarter. American Assets Capital Advisers LLC now owns 2,384,208 shares of the company’s stock worth $12,398,000 after purchasing an additional 126,000 shares in the last quarter. Renaissance Technologies LLC bought a new position in Cadiz in the 4th quarter worth approximately $573,000. HCR Wealth Advisors boosted its stake in Cadiz by 15.8% in the 4th quarter. HCR Wealth Advisors now owns 528,000 shares of the company’s stock worth $2,746,000 after purchasing an additional 72,079 shares during the period. Finally, Equitec Proprietary Markets LLC grew its holdings in 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 buying an additional 59,400 shares in the last quarter. Institutional investors own 79.75% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cadiz Trading Down 1.2 %

Shares of CDZI stock opened at $2.40 on Monday. The company has a market cap of $196.28 million, a PE ratio of -4.71 and a beta of 1.54. Cadiz Inc. has a 1 year low of $2.12 and a 1 year high of $5.68. The stock’s 50 day simple moving average is $3.78 and its two-hundred day simple moving average is $3.90. 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 (NASDAQ:CDZI) last posted its quarterly earnings data on Friday, March 28th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Cadiz had a negative return on equity of 93.78% and a negative net margin of 528.15%. The firm had revenue of $4.75 million for the quarter, compared to analysts’ expectations of $8.44 million. Research analysts predict that Cadiz Inc. will post -0.47 earnings per share for the current year.

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.