19,906 Shares in Lifeway Foods, Inc. (NASDAQ:LWAY) Acquired by Cigogne Management SA

Cigogne Management SA bought a new stake in Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 19,906 shares of the company's stock, valued at approximately $494,000. Cigogne Management SA owned approximately 0.13% of Lifeway Foods as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN grew its holdings in shares of Lifeway Foods by 33.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,855 shares of the company's stock valued at $71,000 after acquiring an additional 718 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Lifeway Foods by 23.3% in the fourth quarter. Rhumbline Advisers now owns 5,606 shares of the company's stock valued at $139,000 after acquiring an additional 1,059 shares in the last quarter. Barclays PLC grew its holdings in shares of Lifeway Foods by 40.5% in the third quarter. Barclays PLC now owns 6,420 shares of the company's stock valued at $167,000 after acquiring an additional 1,849 shares in the last quarter. ClearAlpha Technologies LP bought a new position in shares of Lifeway Foods in the fourth quarter valued at approximately $248,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Lifeway Foods by 451.4% in the third quarter. JPMorgan Chase & Co. now owns 10,576 shares of the company's stock valued at $274,000 after acquiring an additional 8,658 shares in the last quarter. 36.39% of the stock is owned by institutional investors.

Lifeway Foods Stock Up 2.7 %

LWAY traded up $0.63 during trading hours on Tuesday, hitting $23.84. The stock had a trading volume of 14,619 shares, compared to its average volume of 124,537. The company's fifty day simple moving average is $22.80 and its 200 day simple moving average is $23.56. Lifeway Foods, Inc. has a 1 year low of $10.06 and a 1 year high of $28.61. The stock has a market cap of $362.44 million, a PE ratio of 27.72 and a beta of 0.93.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last announced its quarterly earnings data 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). Lifeway Foods had a return on equity of 19.97% and a net margin of 7.23%. The firm had revenue of $46.93 million during the quarter, compared to analysts' expectations of $48.00 million.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Lifeway Foods in a report on Wednesday, April 23rd. They set a "hold" rating for the company.

Insider Buying and Selling

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 8,376 shares of Lifeway Foods stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $23.62, for a total transaction of $197,841.12. Following the completion of the transaction, the insider now owns 932,447 shares of the company's stock, valued at $22,024,398.14. The trade was a 0.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Edward Smolyansky sold 20,000 shares of Lifeway Foods stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $23.23, for a total value of $464,600.00. Following the transaction, the insider now directly owns 1,251,642 shares of the company's stock, valued at $29,075,643.66. The trade was a 1.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 66,324 shares of company stock valued at $1,539,957. 18.86% of the stock is owned by insiders.

Lifeway Foods Company Profile

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.