Stock Worth Watching: Could Cadiz Inc See a Reversal After Breaking Its 52-Week High?

Stock Worth Watching: Could Cadiz Inc See a Reversal After Breaking Its 52 Week High?

The stock of Cadiz Inc (NASDAQ:CDZI) hit a new 52-week high and has $10.45 target or 4.00% above today’s $10.05 share price. The 8 months bullish chart indicates low risk for the $192.20 million company. The 1-year high was reported on Nov, 22 by Barchart.com. If the $10.45 price target is reached, the company will be worth $7.69M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 63,546 shares traded hands. Cadiz Inc (NASDAQ:CDZI) has risen 84.06% since April 20, 2016 and is uptrending. It has outperformed by 79.50% the S&P500.

According to Zacks Investment Research, “Cadiz, Inc. acquires and develops water-related land and agricultural assets. Cadiz has created a portfolio of land-holdings, water resources and agricultural operations. With its subsidiary, Sun World International, Inc., Cadiz is one of the largest vertically integrated agricultural companies. The Company owns significant landholdings with substantial water resources.”

Insitutional Activity: The institutional sentiment decreased to 0.48 in 2016 Q2. Its down 0.20, from 0.68 in 2016Q1. The ratio fall, as 5 funds sold all Cadiz Inc shares owned while 14 reduced positions. 4 funds bought stakes while 9 increased positions. They now own 8.13 million shares or 2.97% less from 8.38 million shares in 2016Q1.
Diam Communications has invested 0% of its portfolio in Cadiz Inc (NASDAQ:CDZI). Amer Assets Cap Advisers has invested 3.42% of its portfolio in Cadiz Inc (NASDAQ:CDZI). Savings Bank Of America De reported 1,410 shares or 0% of all its holdings. Manufacturers Life Insurance Co The owns 997 shares or 0% of their US portfolio. Ingalls And Snyder Lc has invested 0.08% of its portfolio in Cadiz Inc (NASDAQ:CDZI). Gabelli Funds Lc has invested 0% of its portfolio in Cadiz Inc (NASDAQ:CDZI). Parametric Associate Lc holds 96,700 shares or 0% of its portfolio. Water Asset Mgmt Lc has invested 13.28% of its portfolio in Cadiz Inc (NASDAQ:CDZI). Hightower Advisors Ltd Llc holds 21,218 shares or 0% of its portfolio. Boston Prns has 539,403 shares for 0% of their US portfolio. Deutsche State Bank Ag, a Germany-based fund reported 55 shares. Ing Groep Nv last reported 0% of its portfolio in the stock. Wells Fargo & Commerce Mn holds 0% of its portfolio in Cadiz Inc (NASDAQ:CDZI) for 128,634 shares. First Manhattan has invested 0% of its portfolio in Cadiz Inc (NASDAQ:CDZI). Forward Management Limited Company has 49,000 shares for 0.02% of their US portfolio.

Insider Transactions: Since May 24, 2016, the stock had 3 buys, and 0 selling transactions for $1.80 million net activity. Water Asset Management LLC bought $1.62 million worth of Cadiz Inc (NASDAQ:CDZI) on Wednesday, November 9. Hickox Winston H also bought $134,146 worth of Cadiz Inc (NASDAQ:CDZI) on Monday, November 14.

More important recent Cadiz Inc (NASDAQ:CDZI) news were published by: Globenewswire.com which released: “Cadiz Inc. Issues Statement on Apparent Bias in Bureau of Land Management’s …” on August 17, 2016, also Businesswire.com published article titled: “Cadiz Inc. Announces New Water Project Support from Southern California Local …”, Businesswire.com published: “Cadiz Inc. Announces Guidance from US Bureau of Land Management Regarding …” on October 05, 2015. More interesting news about Cadiz Inc (NASDAQ:CDZI) was released by: Globenewswire.com and their article: “Cadiz Inc. Announces California Court of Appeals Upholds Water Project’s …” with publication date: May 10, 2016.

CDZI Company Profile

Cadiz Inc., incorporated on April 27, 1992, is a land and water resource development firm with approximately 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture. The Firm is focused on the development of the Cadiz Valley Water Conservation, Recovery and Storage Project (Water Project or Project), which captures and conserves millions of acre-feet of native groundwater being lost to evaporation from the aquifer system beneath its approximately 34,000-acre property in the Cadiz and Fenner valleys of eastern San Bernardino County (the Cadiz/Fenner Property), and deliver it to water providers throughout Southern California. The Company’s development activities include water resource and agricultural development at its San Bernardino County properties.

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