Waverton Investment Management Ltd Lowers stake in Cadiz Inc (CDZI)

Cadiz Inc (CDZI) : Waverton Investment Management Ltd reduced its stake in Cadiz Inc by 32.56% during the most recent quarter end. The investment management company now holds a total of 170,900 shares of Cadiz Inc which is valued at $1,201,427 after selling 82,500 shares in Cadiz Inc , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Cadiz Inc makes up approximately 0.08% of Waverton Investment Management Ltd’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp boosted its stake in CDZI in the latest quarter, The investment management firm added 7,386 additional shares and now holds a total of 8,184 shares of Cadiz Inc which is valued at $57,452. Simplex Trading sold out all of its stake in CDZI during the most recent quarter. The investment firm sold 2,353 shares of CDZI which is valued $16,165.

Cadiz Inc opened for trading at $6.9501 and hit $7.05 on the upside on Tuesday, eventually ending the session at $7.03, with a gain of 0.14% or 0.01 points. The heightened volatility saw the trading volume jump to 12,795 shares. Company has a market cap of $131 M.

Cadiz Inc. is a land and water resource development company with acreage in three areas of eastern San Bernardino County California. The Company is engaged in agricultural operations on its properties in the Cadiz/Fenner valley and development of the water resources underlying that site. The agricultural operations include vineyards citrus orchards and seasonal vegetables. The Company’s water development efforts are primarily focused on the Cadiz Valley Water Conservation Recovery and Storage Project. The project is designed to supply capture and conserve billions of gallons of renewable native groundwater being lost annually to evaporation from the aquifer system underlying the Company’s Cadiz/Fenner property. The project is aimed to provide a reliable water supply to water users in Southern California.

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