Towerview LLC Acquires New Position in Lifeway Foods, Inc. (NASDAQ:LWAY)

Towerview LLC acquired a new stake in Lifeway Foods, Inc. (NASDAQ:LWAY) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $518,000. Lifeway Foods accounts for 0.3% of Towerview LLC’s holdings, making the stock its 18th largest holding. Towerview LLC owned approximately 0.14% of Lifeway Foods as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Covestor Ltd acquired a new position in Lifeway Foods in the third quarter valued at approximately $50,000. Rhumbline Advisers lifted its holdings in Lifeway Foods by 2,334.0% in the second quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock valued at $62,000 after buying an additional 4,668 shares during the period. Quest Partners LLC acquired a new position in Lifeway Foods in the second quarter valued at approximately $82,000. Cutter & CO Brokerage Inc. acquired a new position in Lifeway Foods in the third quarter valued at approximately $212,000. Finally, Bailard Inc. acquired a new position in Lifeway Foods in the second quarter valued at approximately $253,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CFO Eric A. Hanson sold 5,546 shares of Lifeway Foods stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $18.91, for a total value of $104,874.86. Following the completion of the transaction, the chief financial officer now owns 25,546 shares of the company’s stock, valued at $483,074.86. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 4,584 shares of Lifeway Foods stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $19.55, for a total value of $89,617.20. Following the completion of the sale, the insider now owns 1,085,549 shares in the company, valued at $21,222,482.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Eric A. Hanson sold 5,546 shares of Lifeway Foods stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $18.91, for a total transaction of $104,874.86. Following the completion of the sale, the chief financial officer now owns 25,546 shares of the company’s stock, valued at $483,074.86. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 38,078 shares of company stock valued at $707,786 in the last quarter. Company insiders own 18.86% of the company’s stock.

Lifeway Foods Trading Down 5.5 %

Shares of LWAY stock traded down $1.28 during trading hours on Thursday, hitting $22.11. 81,523 shares of the company were exchanged, compared to its average volume of 144,087. The company has a market capitalization of $327.01 million, a PE ratio of 24.23 and a beta of 1.05. Lifeway Foods, Inc. has a 52 week low of $9.93 and a 52 week high of $28.61. The business has a 50 day moving average of $24.80 and a two-hundred day moving average of $18.86.

Lifeway Foods (NASDAQ:LWAY) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.08. Lifeway Foods had a net margin of 7.69% and a return on equity of 21.92%. The company had revenue of $49.16 million during the quarter, compared to the consensus estimate of $46.50 million. During the same quarter last year, the firm posted $0.21 EPS. On average, research analysts forecast that Lifeway Foods, Inc. will post 0.99 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on LWAY shares. Noble Financial lowered shares of Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. StockNews.com downgraded shares of Lifeway Foods from a “buy” rating to a “hold” rating in a research report on Sunday, September 8th.

About Lifeway Foods

Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.