Millennium Management LLC Sells 32,987 Shares of Lifeway Foods, Inc. (NASDAQ:LWAY)

Millennium Management LLC lessened its holdings in Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) by 60.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,230 shares of the company's stock after selling 32,987 shares during the period. Millennium Management LLC owned 0.14% of Lifeway Foods worth $527,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in shares of Lifeway Foods by 1.4% during the 4th 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. Beryl Capital Management LLC acquired a new stake in shares of Lifeway Foods during the fourth quarter valued at about $3,607,000. TIG Advisors LLC acquired a new stake in shares of Lifeway Foods during the fourth quarter valued at about $3,512,000. Gamco Investors INC. ET AL lifted its stake in shares of Lifeway Foods by 0.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 120,350 shares of the company's stock worth $2,985,000 after acquiring an additional 1,050 shares during the period. Finally, Divisadero Street Capital Management LP acquired a new position in shares of Lifeway Foods in the fourth quarter worth approximately $2,925,000. Institutional investors own 36.39% of the company's stock.

Lifeway Foods Price Performance

Shares of NASDAQ:LWAY traded down $0.09 during trading on Wednesday, reaching $24.91. 49,306 shares of the stock were exchanged, compared to its average volume of 99,303. Lifeway Foods, Inc. has a 1-year low of $10.06 and a 1-year high of $27.29. The stock has a fifty day moving average of $23.35 and a two-hundred day moving average of $23.14. The firm has a market cap of $378.71 million, a price-to-earnings ratio of 28.97 and a beta of 0.75.

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

Analyst Ratings Changes

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

Insiders Place Their Bets

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 10,000 shares of the company's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $23.51, for a total value of $235,100.00. Following the completion of the transaction, the insider now owns 955,823 shares in the company, valued at $22,471,398.73. This represents a 1.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pol Sikar sold 3,000 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $22.35, for a total value of $67,050.00. Following the completion of the transaction, the director now owns 23,858 shares of the company's stock, valued at $533,226.30. This trade represents a 11.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 119,885 shares of company stock valued at $2,747,096 in the last three months. 18.86% of the stock is currently owned by insiders.

Lifeway Foods 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.