Cadiz (NASDAQ:CDZI) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Shares of NASDAQ CDZI opened at $10.80 on Friday. Cadiz has a 1 year low of $8.85 and a 1 year high of $14.75. The company has a debt-to-equity ratio of -1.94, a current ratio of 6.54 and a quick ratio of 6.54.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp grew its holdings in shares of Cadiz by 4.3% during the second quarter. Northern Trust Corp now owns 281,876 shares of the company’s stock valued at $3,692,000 after buying an additional 11,558 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Cadiz by 90.6% during the second quarter. Marshall Wace LLP now owns 116,033 shares of the company’s stock valued at $1,520,000 after buying an additional 55,149 shares during the last quarter. Wafra Inc. acquired a new position in shares of Cadiz during the second quarter valued at about $1,821,000. BlackRock Inc. lifted its position in shares of Cadiz by 19.9% during the second quarter. BlackRock Inc. now owns 1,462,786 shares of the company’s stock valued at $19,162,000 after purchasing an additional 242,640 shares in the last quarter. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Cadiz during the second quarter valued at about $295,000. Hedge funds and other institutional investors own 48.09% of the company’s stock.

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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