CIBC World Markets Reiterates “Buy” Rating for Mueller Water Products MWA (MWA) Stock, Cadiz (CDZI) SI Decreased By 1.41%

May 11, 2017 - By Vivian Currie

Cadiz Incorporated (NASDAQ:CDZI) had a decrease of 1.41% in short interest. CDZI’s SI was 2.35 million shares in May as released by FINRA. Its down 1.41% from 2.39M shares previously. With 156,700 avg volume, 15 days are for Cadiz Incorporated (NASDAQ:CDZI)’s short sellers to cover CDZI’s short positions. The SI to Cadiz Incorporated’s float is 16.39%. About 61,144 shares traded. Cadiz Inc (NASDAQ:CDZI) has risen 120.09% since October 4, 2016 and is uptrending. It has outperformed by 108.50% the S&P500.

Among 8 analysts covering Mueller Water Products (NYSE:MWA), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Mueller Water Products has $15 highest and $9 lowest target. $13.50’s average target is 20.11% above currents $11.24 stock price. Mueller Water Products had 11 analyst reports since January 12, 2016 according to SRatingsIntel. The stock has “Outperform” rating by Wedbush on Thursday, April 28. The firm has “Buy” rating given on Wednesday, March 8 by Goldman Sachs. The firm earned “Outperform” rating on Friday, March 24 by Oppenheimer. The firm has “Market Perform” rating given on Wednesday, March 15 by Cowen & Co. As per Thursday, April 28, the company rating was maintained by RBC Capital Markets. The firm earned “Buy” rating on Wednesday, October 12 by Northcoast. The rating was maintained by DA Davidson with “Neutral” on Friday, August 5.

Since November 14, 2016, it had 6 insider purchases, and 1 sale for $2.83 million activity. Hickox Winston H had bought 5,000 shares worth $45,663. 35,000 shares were bought by Water Asset Management LLC, worth $437,100 on Thursday, December 29. 50,000 shares were sold by BRACKPOOL KEITH, worth $635,000 on Thursday, January 5.

Investors sentiment increased to 1.4 in 2016 Q4. Its up 0.92, from 0.48 in 2016Q3. It increased, as 7 investors sold Cadiz Inc shares while 13 reduced holdings. 16 funds opened positions while 12 raised stakes. 9.83 million shares or 26.28% more from 7.78 million shares in 2016Q3 were reported. 466 were accumulated by Savings Bank Of America De. Blackrock Investment Limited Liability Company owns 2,921 shares. Msd Prns Limited Partnership accumulated 39,644 shares or 0.02% of the stock. Commerzbank Aktiengesellschaft Fi has invested 0% in Cadiz Inc (NASDAQ:CDZI). Bank & Trust Of Ny Mellon owns 0% invested in Cadiz Inc (NASDAQ:CDZI) for 13,020 shares. Tower Rech Cap Lc (Trc) holds 0% or 100 shares. Odey Asset Mgmt Grp holds 1.7% of its portfolio in Cadiz Inc (NASDAQ:CDZI) for 1.30M shares. Vanguard Gru reported 637,087 shares stake. Water Asset Limited Liability Co, a New York-based fund reported 2.96 million shares. The California-based Cap Advisers Ltd Liability Corp has invested 0% in Cadiz Inc (NASDAQ:CDZI). California Employees Retirement System owns 28,208 shares or 0% of their US portfolio. Credit Suisse Ag reported 0% stake. American Assets Cap Advisers accumulated 7.31% or 889,797 shares. Gamco Invsts Inc Et Al holds 0% or 10,000 shares in its portfolio. 4,834 were reported by Blackrock Ltd Limited Liability Company.

Cadiz Inc. is a land and water resource development company. The company has market cap of $352.31 million. As of December 31, 2016, the Company had 45,000 acres of land in three areas of eastern San Bernardino County, California. It currently has negative earnings. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture.

Mueller Water Products, Inc. is a manufacturer and marketer of services and products used in the transmission, distribution and measurement of water in North America. The company has market cap of $1.81 billion. The Firm operates through three divisions: Mueller Co., Anvil and Mueller Technologies. It has a 35.31 P/E ratio. The Mueller Co. segment makes valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants.

Analysts await Mueller Water Products, Inc. (NYSE:MWA) to report earnings on August, 2. They expect $0.16 earnings per share, down 11.11% or $0.02 from last year’s $0.18 per share. MWA’s profit will be $25.77 million for 17.56 P/E if the $0.16 EPS becomes a reality. After $0.09 actual earnings per share reported by Mueller Water Products, Inc. for the previous quarter, Wall Street now forecasts 77.78% EPS growth.

About 767,383 shares traded. Mueller Water Products, Inc. (NYSE:MWA) has declined 8.25% since October 4, 2016 and is downtrending. It has underperformed by 19.84% the S&P500.

Investors sentiment decreased to 1.26 in 2016 Q4. Its down 0.08, from 1.34 in 2016Q3. It dropped, as 17 investors sold Mueller Water Products, Inc. shares while 73 reduced holdings. 33 funds opened positions while 80 raised stakes. 133.73 million shares or 1.67% less from 136.01 million shares in 2016Q3 were reported. 16,318 were reported by Greenwood Capital Associates Limited Liability Company. Federated Pa reported 0.03% in Mueller Water Products, Inc. (NYSE:MWA). Victory Capital Mgmt Incorporated accumulated 2.87 million shares. Gamco Et Al accumulated 1.37 million shares or 0.11% of the stock. Moreover, Price T Rowe Assocs Md has 0.02% invested in Mueller Water Products, Inc. (NYSE:MWA). Sheets Smith Wealth Mgmt accumulated 66,891 shares. Stifel Financial stated it has 0% in Mueller Water Products, Inc. (NYSE:MWA). Manchester Mngmt Ltd Limited Liability Company holds 0.13% or 62,940 shares in its portfolio. Creative Planning invested 0% of its portfolio in Mueller Water Products, Inc. (NYSE:MWA). Moreover, Farmers Merchants Investments Inc has 0% invested in Mueller Water Products, Inc. (NYSE:MWA). Signaturefd Limited Liability Com holds 0.05% or 22,508 shares in its portfolio. Ny State Common Retirement Fund reported 1.71 million shares. 126,392 were accumulated by State Board Of Administration Of Florida Retirement Sys. 260 are held by Northwestern Mutual Wealth Mngmt. Guggenheim Cap Limited Com reported 467,569 shares.