Boston Partners Lowers Holdings in Cadiz Inc (CDZI)
Boston Partners cut its position in Cadiz Inc (NASDAQ:CDZI) by 15.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 150,130 shares of the company’s stock after selling 27,503 shares during the period. Boston Partners’ holdings in Cadiz were worth $2,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of the business. American Assets Capital Advisers LLC raised its stake in shares of Cadiz by 15.8% in the fourth quarter. American Assets Capital Advisers LLC now owns 1,181,500 shares of the company’s stock valued at $16,836,000 after buying an additional 160,968 shares during the period. Vanguard Group Inc. raised its stake in shares of Cadiz by 9.0% in the second quarter. Vanguard Group Inc. now owns 922,533 shares of the company’s stock valued at $12,454,000 after buying an additional 76,090 shares during the period. State Street Corp bought a new stake in shares of Cadiz in the second quarter valued at $3,622,000. Northern Trust Corp raised its stake in shares of Cadiz by 274.3% in the second quarter. Northern Trust Corp now owns 254,385 shares of the company’s stock valued at $3,434,000 after buying an additional 186,420 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Cadiz by 290.9% in the second quarter. Bank of New York Mellon Corp now owns 78,518 shares of the company’s stock valued at $1,060,000 after buying an additional 58,430 shares during the period. Hedge funds and other institutional investors own 49.84% of the company’s stock.
Separately, BidaskClub upgraded Cadiz from a “hold” rating to a “buy” rating in a research note on Tuesday, February 6th.
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Cadiz Company Profile
Cadiz Inc is a land and water resource development company. As of December 31, 2016, the Company had 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.
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