Cadiz (CDZI) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Cadiz (NASDAQ:CDZI) from a hold rating to a buy rating in a research report sent to investors on Thursday.

Separately, ValuEngine raised Cadiz from a hold rating to a buy rating in a research report on Friday, October 19th.

Shares of NASDAQ:CDZI opened at $11.07 on Thursday. Cadiz has a 12-month low of $8.85 and a 12-month high of $14.75.

A number of hedge funds have recently bought and sold shares of CDZI. BlackRock Inc. boosted its position in Cadiz by 19.9% in the second quarter. BlackRock Inc. now owns 1,462,786 shares of the company’s stock worth $19,162,000 after purchasing an additional 242,640 shares during the last quarter. Wafra Inc. purchased a new position in Cadiz in the second quarter worth $1,821,000. ING Groep NV purchased a new position in Cadiz in the third quarter worth $725,000. Vanguard Group Inc. boosted its position in Cadiz by 4.9% in the third quarter. Vanguard Group Inc. now owns 1,258,433 shares of the company’s stock worth $14,031,000 after purchasing an additional 58,978 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in Cadiz by 90.6% in the second quarter. Marshall Wace LLP now owns 116,033 shares of the company’s stock worth $1,520,000 after purchasing an additional 55,149 shares during the last quarter. 46.98% of the stock is currently owned by institutional investors and hedge funds.

Cadiz Company Profile

Cadiz Inc operates as a land and water resource development company in the United States. It engages in the water resource, and land and agricultural development activities in San Bernardino County properties. The company owns approximately 34,500 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County.

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