Credit Industriel ET Commercial Makes New $329,000 Investment in Lifeway Foods, Inc. (NASDAQ:LWAY)

Credit Industriel ET Commercial purchased a new stake in shares of Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,272 shares of the company's stock, valued at approximately $329,000. Credit Industriel ET Commercial owned approximately 0.09% of Lifeway Foods at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN raised 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 buying an additional 718 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Lifeway Foods by 23.3% in the fourth quarter. Rhumbline Advisers now owns 5,606 shares of the company's stock worth $139,000 after acquiring an additional 1,059 shares during the last quarter. Barclays PLC raised its stake in shares of Lifeway Foods by 40.5% in the third quarter. Barclays PLC now owns 6,420 shares of the company's stock worth $167,000 after acquiring an additional 1,849 shares during the last quarter. ClearAlpha Technologies LP acquired a new position in shares of Lifeway Foods during the fourth quarter worth approximately $248,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Lifeway Foods by 451.4% during the third quarter. JPMorgan Chase & Co. now owns 10,576 shares of the company's stock valued at $274,000 after purchasing an additional 8,658 shares during the last quarter. Institutional investors own 36.39% of the company's stock.

Lifeway Foods Price Performance

Shares of LWAY stock traded up $0.99 during trading hours on Tuesday, reaching $24.20. The company had a trading volume of 18,026 shares, compared to its average volume of 124,547. Lifeway Foods, Inc. has a 1-year low of $10.06 and a 1-year high of $28.61. The company has a 50 day moving average of $22.80 and a 200 day moving average of $23.56. The firm has a market cap of $367.91 million, a price-to-earnings ratio of 28.12 and a beta of 0.93.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last announced its quarterly earnings results on Friday, March 14th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $48.00 million.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Lifeway Foods

In related news, major shareholder Ludmila Smolyansky sold 10,000 shares of the stock in a transaction on Tuesday, February 11th. The shares were sold at an average price of $21.31, for a total transaction of $213,100.00. Following the completion of the transaction, the insider now owns 17,343 shares in the company, valued at approximately $369,579.33. This represents a 36.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Edward Smolyansky sold 20,000 shares of Lifeway Foods stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $23.23, for a total transaction of $464,600.00. Following the completion of the sale, the insider now owns 1,251,642 shares in the company, valued at $29,075,643.66. The trade was a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 66,324 shares of company stock valued at $1,539,957. 18.86% of the stock is currently owned by corporate 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.