GAM Holding AG Has $303,000 Stock Holdings in Cadiz Inc. (NASDAQ:CDZI)

GAM Holding AG lifted its stake in shares of Cadiz Inc. (NASDAQ:CDZI) by 100.0% during the third quarter, HoldingsChannel reports. The firm owned 100,000 shares of the company’s stock after acquiring an additional 50,000 shares during the quarter. GAM Holding AG’s holdings in Cadiz were worth $303,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC bought a new stake in Cadiz during the second quarter worth $31,000. SG Americas Securities LLC bought a new stake in shares of Cadiz in the 3rd quarter valued at about $45,000. BNP Paribas Financial Markets raised its holdings in shares of Cadiz by 212.2% in the 1st quarter. BNP Paribas Financial Markets now owns 35,264 shares of the company’s stock valued at $102,000 after purchasing an additional 23,968 shares during the period. Sheaff Brock Investment Advisors LLC grew its holdings in Cadiz by 70.8% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 41,000 shares of the company’s stock worth $119,000 after purchasing an additional 17,000 shares during the period. Finally, Christopher J. Hasenberg Inc acquired a new position in Cadiz during the second quarter worth approximately $123,000. Institutional investors and hedge funds own 79.75% of the company’s stock.

Cadiz Price Performance

NASDAQ:CDZI opened at $3.13 on Thursday. Cadiz Inc. has a 12-month low of $2.12 and a 12-month high of $3.85. The firm has a market capitalization of $212.53 million, a price-to-earnings ratio of -6.14 and a beta of 0.85. The stock’s 50 day moving average price is $3.13 and its two-hundred day moving average price is $3.01. The company has a quick ratio of 1.40, a current ratio of 1.89 and a debt-to-equity ratio of 2.86.

Cadiz (NASDAQ:CDZI) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.05). Cadiz had a negative net margin of 1,095.05% and a negative return on equity of 77.51%. The business had revenue of $0.51 million during the quarter, compared to the consensus estimate of $4.00 million. On average, analysts anticipate that Cadiz Inc. will post -0.47 earnings per share for the current year.

About Cadiz

Cadiz Inc, together with its subsidiaries, provides water solutions in the United States. The company operates through Land and Water Resources; and Water Filtration Technology segments. It offers water supply, water storage, water conveyance, and water filtration services. In addition, the company is involved in the cultivation of grain crops and alfalfa, as well as provides water filtration solutions for impaired or contaminated groundwater sources.