BidaskClub upgraded shares of Cadiz (NASDAQ:CDZI) from a sell rating to a hold rating in a research report report published on Wednesday, BidAskClub reports.

Separately, B. Riley reiterated a buy rating on shares of Cadiz in a research report on Wednesday, September 11th.

CDZI traded up $0.01 during midday trading on Wednesday, reaching $11.31. 6,973 shares of the company’s stock were exchanged, compared to its average volume of 146,879. The business has a 50-day simple moving average of $11.57 and a two-hundred day simple moving average of $11.52. Cadiz has a one year low of $8.53 and a one year high of $13.15.

Hedge funds have recently added to or reduced their stakes in the stock. Water Asset Management LLC increased its stake in shares of Cadiz by 9.8% in the second quarter. Water Asset Management LLC now owns 3,258,219 shares of the company’s stock valued at $36,655,000 after buying an additional 291,057 shares in the last quarter. Vanguard Group Inc. lifted its position in Cadiz by 16.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,079,351 shares of the company’s stock worth $12,143,000 after buying an additional 155,228 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Cadiz during the 2nd quarter worth about $771,000. Marshall Wace LLP increased its position in Cadiz by 31.2% in the 2nd quarter. Marshall Wace LLP now owns 133,556 shares of the company’s stock valued at $1,503,000 after acquiring an additional 31,766 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Cadiz in the second quarter valued at approximately $257,000. 31.51% of the stock is owned by hedge funds and other institutional investors.

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 35,000 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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