Cadiz (NASDAQ:CDZI) Stock Price Down 14.1%

Cadiz Inc (NASDAQ:CDZI) fell 14.1% during trading on Thursday . The company traded as low as $9.59 and last traded at $11.00, 2,132,833 shares changed hands during trading. An increase of 1,284% from the average session volume of 154,071 shares. The stock had previously closed at $12.80.

Separately, BidaskClub upgraded shares of Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research note on Thursday, July 4th.

The stock has a fifty day moving average price of $10.84.

Cadiz (NASDAQ:CDZI) last issued its earnings results on Thursday, May 9th. The company reported ($0.29) earnings per share for the quarter. The firm had revenue of $0.11 million during the quarter.

A number of institutional investors have recently made changes to their positions in CDZI. Rhumbline Advisers increased its position in shares of Cadiz by 44.7% in the 4th quarter. Rhumbline Advisers now owns 32,701 shares of the company’s stock valued at $337,000 after purchasing an additional 10,095 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Cadiz by 11.5% in the fourth quarter. BlackRock Inc. now owns 1,665,449 shares of the company’s stock valued at $17,153,000 after purchasing an additional 171,707 shares during the period. Bank of New York Mellon Corp increased its holdings in Cadiz by 24.8% during the 4th quarter. Bank of New York Mellon Corp now owns 100,027 shares of the company’s stock valued at $1,031,000 after acquiring an additional 19,888 shares in the last quarter. Geode Capital Management LLC increased its holdings in Cadiz by 14.1% during the 4th quarter. Geode Capital Management LLC now owns 263,319 shares of the company’s stock valued at $2,712,000 after acquiring an additional 32,576 shares in the last quarter. Finally, Barclays PLC increased its holdings in Cadiz by 114.5% during the 4th quarter. Barclays PLC now owns 41,157 shares of the company’s stock valued at $424,000 after acquiring an additional 21,972 shares in the last quarter. 43.98% of the stock is owned by hedge funds and other institutional investors.

About Cadiz (NASDAQ:CDZI)

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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