Cadiz Sees Unusually High Options Volume (NASDAQ:CDZI)

Cadiz Inc. (NASDAQ:CDZI) was the recipient of unusually large options trading on Wednesday. Traders bought 1,006 call options on the company. This is an increase of 1,043% compared to the typical volume of 88 call options.

Several hedge funds have recently modified their holdings of CDZI. UBS Asset Management Americas Inc. boosted its stake in Cadiz by 3.4% during the fourth quarter. UBS Asset Management Americas Inc. now owns 33,512 shares of the company’s stock valued at $357,000 after buying an additional 1,112 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Cadiz by 4.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 56,418 shares of the company’s stock valued at $601,000 after acquiring an additional 2,404 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Cadiz by 9.7% during the 4th quarter. Rhumbline Advisers now owns 31,672 shares of the company’s stock valued at $337,000 after acquiring an additional 2,803 shares during the last quarter. Citigroup Inc. grew its holdings in shares of Cadiz by 212.3% during the fourth quarter. Citigroup Inc. now owns 4,481 shares of the company’s stock worth $48,000 after purchasing an additional 3,046 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Cadiz by 47.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,107 shares of the company’s stock worth $129,000 after purchasing an additional 3,870 shares during the last quarter. Institutional investors own 18.30% of the company’s stock.

CDZI opened at $11.65 on Friday. The company has a fifty day moving average price of $10.09 and a 200-day moving average price of $10.35. Cadiz has a one year low of $8.30 and a one year high of $12.50.

Separately, B. Riley reiterated a “buy” rating on shares of Cadiz in a research report on Monday, April 12th.

About Cadiz

Cadiz Inc operates as a natural resources development company in the United States. It engages in the water resource 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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