Wells Fargo & Company MN Reduces Holdings in Cadiz Inc (NASDAQ:CDZI)
Wells Fargo & Company MN decreased its holdings in shares of Cadiz Inc (NASDAQ:CDZI) by 79.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,372 shares of the company’s stock after selling 39,736 shares during the period. Wells Fargo & Company MN’s holdings in Cadiz were worth $117,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of CDZI. Marshall Wace LLP grew its stake in shares of Cadiz by 23.3% during the first quarter. Marshall Wace LLP now owns 101,790 shares of the company’s stock worth $985,000 after acquiring an additional 19,228 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in shares of Cadiz by 59.2% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 19,900 shares of the company’s stock worth $224,000 after acquiring an additional 7,400 shares during the last quarter. Finally, Equitec Specialists LLC purchased a new stake in shares of Cadiz during the second quarter worth about $28,000. Institutional investors and hedge funds own 40.80% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. BidaskClub lowered Cadiz from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 1st. B. Riley restated a “buy” rating on shares of Cadiz in a research note on Wednesday, September 11th.
Cadiz (NASDAQ:CDZI) last issued its earnings results on Thursday, August 8th. The company reported ($0.28) EPS for the quarter. The company had revenue of $0.11 million during the quarter. Sell-side analysts predict that Cadiz Inc will post -0.97 EPS for the current year.
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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