Price Action To Observe: What’s Ahead for Cadiz Inc After Touching 52-Week High?

Price Action To Observe: What's Ahead for Cadiz Inc After Touching 52 Week High?

The stock of Cadiz Inc (NASDAQ:CDZI) hit a new 52-week high and has $19.19 target or 107.00% above today’s $9.27 share price. The 7 months bullish chart indicates low risk for the $178.39M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $19.19 price target is reached, the company will be worth $190.88 million 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 152,485 shares traded hands or 133.10% up from the average. Cadiz Inc (NASDAQ:CDZI) has risen 72.71% since April 15, 2016 and is uptrending. It has outperformed by 68.09% 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 0.68 in 2016 Q2. Its down 0.59, from 1.27 in 2016Q1. The ratio dropped, 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.
American Assets Advisers holds 3.42% of its portfolio in Cadiz Inc (NASDAQ:CDZI) for 904,504 shares. Hightower Advisors Limited Co has 21,218 shares for 0% of their US portfolio. Bridgeway Mgmt holds 0.01% or 90,400 shares in its portfolio. The New York-based Bancshares Of Ny Mellon has invested 0% in Cadiz Inc (NASDAQ:CDZI). Commerzbank Aktiengesellschaft Fi accumulated 87,000 shares or 0% of the stock. Ing Groep Nv reported 20,000 shares or 0% of all its holdings. Northern Trust Corporation, a Illinois-based fund reported 45,598 shares. Gabelli Funds Ltd Liability last reported 15,000 shares in the company. California Pub Employees Retirement System last reported 28,208 shares in the company. Ingalls Snyder reported 240,650 shares or 0.08% of all its holdings. Gamco Invsts Et Al accumulated 10,000 shares or 0% of the stock. Blackrock Advisors Ltd Liability Corp has invested 0% of its portfolio in Cadiz Inc (NASDAQ:CDZI). Morgan Stanley reported 20,461 shares or 0% of all its holdings. Kbc Group Nv accumulated 0.02% or 279,153 shares. Blackrock Institutional Tru Communications Na holds 0% or 64,974 shares in its portfolio.

Insider Transactions: Since May 24, 2016, the stock had 3 insider purchases, and 0 insider sales for $1.82 million net activity. 200,000 Cadiz Inc (NASDAQ:CDZI) shares with value of $1.62 million were bought by Water Asset Management LLC. Hickox Winston H had bought 15,000 shares worth $134,146.

More important recent Cadiz Inc (NASDAQ:CDZI) news were published by: Businesswire.com which released: “Cadiz Inc. Announces Guidance from US Bureau of Land Management Regarding …” on October 05, 2015, also Globenewswire.com published article titled: “Cadiz Inc. Issues Statement on Apparent Bias in Bureau of Land Management’s …”, Businesswire.com published: “Cadiz Inc. Announces New Water Project Support from Southern California Local …” on August 06, 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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