11,301 Shares in Lifeway Foods, Inc. (NASDAQ:LWAY) Acquired by One68 Global Capital LLC

One68 Global Capital LLC acquired a new position in Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,301 shares of the company's stock, valued at approximately $280,000. One68 Global Capital LLC owned approximately 0.08% of Lifeway Foods as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Renaissance Technologies LLC increased its position in shares of Lifeway Foods by 1.4% during the fourth quarter. Renaissance Technologies LLC now owns 436,371 shares of the company's stock worth $10,822,000 after purchasing an additional 6,189 shares in the last quarter. TIG Advisors LLC purchased a new stake in shares of Lifeway Foods during the fourth quarter valued at $3,512,000. Gamco Investors INC. ET AL grew its holdings in shares of Lifeway Foods by 0.9% during the fourth quarter. Gamco Investors INC. ET AL now owns 120,350 shares of the company's stock valued at $2,985,000 after buying an additional 1,050 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Lifeway Foods by 1.8% during the third quarter. Geode Capital Management LLC now owns 115,971 shares of the company's stock valued at $3,006,000 after buying an additional 2,018 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Lifeway Foods by 712.8% during the fourth quarter. JPMorgan Chase & Co. now owns 85,959 shares of the company's stock valued at $2,132,000 after buying an additional 75,383 shares during the last quarter. Institutional investors own 36.39% of the company's stock.

Lifeway Foods Stock Performance

NASDAQ:LWAY opened at $23.75 on Wednesday. Lifeway Foods, Inc. has a one year low of $10.06 and a one year high of $28.61. The stock has a market cap of $361.07 million, a PE ratio of 27.62 and a beta of 0.93. The stock has a 50 day moving average price of $22.83 and a 200 day moving average price of $23.57.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last posted its quarterly earnings results on Friday, March 14th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.19). The firm had revenue of $46.93 million during the quarter, compared to analysts' expectations of $48.00 million. Lifeway Foods had a net margin of 7.23% and a return on equity of 19.97%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Lifeway Foods in a report on Wednesday, April 23rd. They issued a "hold" rating on the stock.

Insider Transactions at Lifeway Foods

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 17,948 shares of Lifeway Foods stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $23.92, for a total transaction of $429,316.16. Following the completion of the sale, the insider now directly owns 905,823 shares of the company's stock, valued at $21,667,286.16. The trade was a 1.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Edward Smolyansky sold 20,000 shares of Lifeway Foods stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $23.23, for a total value of $464,600.00. Following the sale, the insider now owns 1,251,642 shares in the company, valued at $29,075,643.66. This trade represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 66,324 shares of company stock worth $1,539,957 over the last ninety days. Company insiders own 18.86% of the company's stock.

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.

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