Bank of America Corp DE Trims Stock Position in Lifeway Foods, Inc. (NASDAQ:LWAY)

Bank of America Corp DE reduced its position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) by 83.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,593 shares of the company's stock after selling 23,731 shares during the quarter. Bank of America Corp DE's holdings in Lifeway Foods were worth $114,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN raised its position in shares of Lifeway Foods by 33.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,855 shares of the company's stock worth $71,000 after acquiring an additional 718 shares in the last quarter. Rhumbline Advisers lifted its position in Lifeway Foods by 23.3% during 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 during the last quarter. Barclays PLC boosted its stake in Lifeway Foods by 11.0% in the fourth quarter. Barclays PLC now owns 7,127 shares of the company's stock valued at $176,000 after acquiring an additional 707 shares in the last quarter. Algert Global LLC grew its holdings in Lifeway Foods by 8.1% in 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 last quarter. Finally, ClearAlpha Technologies LP purchased a new stake in shares of Lifeway Foods during the 4th quarter valued at $248,000. 36.39% of the stock is owned by institutional investors.

Insider Transactions at Lifeway Foods

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 10,000 shares of the business's stock in a transaction on Thursday, April 10th. The shares were 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. The trade was a 1.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Pol Sikar sold 3,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $22.35, for a total transaction of $67,050.00. Following 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 a total of 99,885 shares of company stock worth $2,282,496 in the last quarter. Company insiders own 18.86% of the company's stock.

Analyst Ratings Changes

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

Lifeway Foods Trading Up 0.6%

LWAY traded up $0.15 on Friday, reaching $24.78. The stock had a trading volume of 27,934 shares, compared to its average volume of 50,022. The business's 50-day moving average price is $23.53 and its two-hundred day moving average price is $23.15. The company has a market cap of $376.66 million, a P/E ratio of 37.55 and a beta of 0.74. Lifeway Foods, Inc. has a 12-month low of $10.06 and a 12-month high of $27.29.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. The business had revenue of $46.09 million during the quarter, compared to analysts' expectations of $48.50 million. Lifeway Foods had a net margin of 5.39% and a return on equity of 14.20%.

About Lifeway Foods

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.