Goldman Sachs Group Inc. lessened its stake in Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) by 21.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,179 shares of the company's stock after selling 9,935 shares during the quarter. Goldman Sachs Group Inc. owned 0.24% of Lifeway Foods worth $885,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. TIG Advisors LLC increased its stake in Lifeway Foods by 55.9% during the 1st quarter. TIG Advisors LLC now owns 220,817 shares of the company's stock worth $5,399,000 after buying an additional 79,218 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in Lifeway Foods during the first quarter worth $1,490,000. Beryl Capital Management LLC raised its stake in shares of Lifeway Foods by 33.3% in the first quarter. Beryl Capital Management LLC now owns 193,888 shares of the company's stock valued at $4,741,000 after acquiring an additional 48,439 shares in the last quarter. Gabelli Funds LLC raised its stake in Lifeway Foods by 297.4% in the first quarter. Gabelli Funds LLC now owns 64,656 shares of the company's stock valued at $1,581,000 after buying an additional 48,388 shares in the last quarter. Finally, Slotnik Capital LLC raised its stake in Lifeway Foods by 82.5% in the first quarter. Slotnik Capital LLC now owns 96,746 shares of the company's stock valued at $2,365,000 after buying an additional 43,746 shares in the last quarter. Institutional investors and hedge funds own 36.39% of the company's stock.
Lifeway Foods Price Performance
Shares of LWAY stock opened at $26.59 on Tuesday. The business has a 50 day simple moving average of $28.87 and a 200 day simple moving average of $25.50. The firm has a market capitalization of $404.97 million, a price-to-earnings ratio of 38.54 and a beta of 0.45. Lifeway Foods, Inc. has a 12-month low of $19.50 and a 12-month high of $34.20.
Lifeway Foods (NASDAQ:LWAY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.10. The business had revenue of $53.90 million during the quarter, compared to analysts' expectations of $54.00 million. Lifeway Foods had a net margin of 5.49% and a return on equity of 14.32%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on the company. Lake Street Capital raised their price target on Lifeway Foods from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Wall Street Zen raised shares of Lifeway Foods from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $33.00.
Check Out Our Latest Report on Lifeway Foods
Insiders Place Their Bets
In related news, Director Jason Scott Scher sold 16,366 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $24.24, for a total value of $396,711.84. Following the completion of the sale, the director owned 1 shares in the company, valued at approximately $24.24. This represents a 99.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 18.86% of the company's stock.
About Lifeway Foods
(
Free Report)
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.
Read More
Want to see what other hedge funds are holding LWAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report).
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