Ameriprise Financial Inc. Cuts Holdings in Lifeway Foods, Inc. (NASDAQ:LWAY)

Ameriprise Financial Inc. lowered its position in Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) by 25.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,312 shares of the company's stock after selling 18,175 shares during the quarter. Ameriprise Financial Inc. owned 0.36% of Lifeway Foods worth $1,322,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the business. Algert Global LLC lifted its holdings in shares of Lifeway Foods by 8.1% during the fourth quarter. Algert Global LLC now owns 9,076 shares of the company's stock worth $225,000 after purchasing an additional 680 shares during the period. One68 Global Capital LLC bought a new position in Lifeway Foods during the 4th quarter worth $280,000. TIG Advisors LLC bought a new position in Lifeway Foods during the 4th quarter worth $3,512,000. Northern Trust Corp lifted its holdings in Lifeway Foods by 13.5% during the 4th quarter. Northern Trust Corp now owns 58,039 shares of the company's stock worth $1,439,000 after buying an additional 6,915 shares during the period. Finally, Credit Industriel ET Commercial bought a new stake in shares of Lifeway Foods in the 4th quarter valued at about $329,000. Institutional investors own 36.39% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen began coverage on Lifeway Foods in a research note on Saturday, May 17th. They issued a "hold" rating for the company.

Lifeway Foods Stock Up 1.2%

Lifeway Foods stock traded up $0.28 during mid-day trading on Wednesday, hitting $23.73. 35,458 shares of the stock were exchanged, compared to its average volume of 101,940. The stock has a market capitalization of $360.77 million, a price-to-earnings ratio of 27.59 and a beta of 0.75. Lifeway Foods, Inc. has a 12 month low of $10.06 and a 12 month high of $27.29. The firm's fifty day simple moving average is $23.32 and its two-hundred day simple moving average is $23.12.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 13th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.04. Lifeway Foods had a net margin of 7.23% and a return on equity of 19.97%. The company had revenue of $46.09 million during the quarter, compared to analysts' expectations of $48.50 million.

Insider Buying and Selling at Lifeway Foods

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 17,948 shares of Lifeway Foods stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $23.92, for a total value of $429,316.16. Following the completion of the sale, the insider now directly owns 905,823 shares in the company, valued at approximately $21,667,286.16. The trade was a 1.94% 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 the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $23.23, for a total value of $464,600.00. Following the completion of the transaction, the insider now directly owns 1,251,642 shares in the company, valued at approximately $29,075,643.66. This trade represents 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 119,885 shares of company stock valued at $2,747,096. 18.86% of the stock is currently 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.