Slotnik Capital LLC Buys 43,746 Shares of Lifeway Foods, Inc. $LWAY

Key Points

• Slotnik Capital LLC increased its stake in Lifeway Foods, Inc. by 82.5%, acquiring an additional 43,746 shares and now holding a total of 96,746 shares.
• In the first quarter, several institutional investors, including TIG Advisors and Beryl Capital Management, significantly boosted their positions in Lifeway Foods, reflecting increased interest in the company.
• Lifeway Foods recently reported earnings per share of $0.28, exceeding analysts' expectations, with a consensus rating of "Moderate Buy" and an average target price of $33.00.

Slotnik Capital LLC increased its stake in shares of Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) by 82.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 96,746 shares of the company's stock after buying an additional 43,746 shares during the quarter. Lifeway Foods accounts for about 1.1% of Slotnik Capital LLC's investment portfolio, making the stock its 15th largest position. Slotnik Capital LLC owned 0.64% of Lifeway Foods worth $2,365,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of the stock. TIG Advisors LLC grew its position in Lifeway Foods by 55.9% in the first quarter. TIG Advisors LLC now owns 220,817 shares of the company's stock valued at $5,399,000 after acquiring an additional 79,218 shares during the period. Beryl Capital Management LLC boosted its stake in shares of Lifeway Foods by 33.3% in the 1st quarter. Beryl Capital Management LLC now owns 193,888 shares of the company's stock valued at $4,741,000 after purchasing an additional 48,439 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Lifeway Foods by 19.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 143,550 shares of the company's stock worth $3,510,000 after purchasing an additional 23,200 shares during the last quarter. Towerview LLC increased its position in shares of Lifeway Foods by 107.1% during the 1st quarter. Towerview LLC now owns 72,500 shares of the company's stock worth $1,773,000 after purchasing an additional 37,500 shares in the last quarter. Finally, Gabelli Funds LLC increased its position in shares of Lifeway Foods by 297.4% during the 1st quarter. Gabelli Funds LLC now owns 64,656 shares of the company's stock worth $1,581,000 after purchasing an additional 48,388 shares in the last quarter. Institutional investors and hedge funds own 36.39% of the company's stock.

Lifeway Foods Trading Up 0.4%

Shares of NASDAQ LWAY opened at $31.26 on Tuesday. Lifeway Foods, Inc. has a 1-year low of $19.50 and a 1-year high of $32.19. The company has a 50-day moving average of $27.68 and a two-hundred day moving average of $24.80. The company has a market cap of $476.00 million, a PE ratio of 45.31 and a beta of 0.46.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.10. Lifeway Foods had a net margin of 5.49% and a return on equity of 14.32%. The business had revenue of $53.90 million during the quarter, compared to analyst estimates of $54.00 million.

Wall Street Analyst Weigh In

LWAY has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Lifeway Foods from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Lake Street Capital boosted their target price on Lifeway Foods from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

Insider Buying and Selling at Lifeway Foods

In other news, Director Jason Scott Scher sold 16,366 shares of the company's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $24.24, for a total transaction of $396,711.84. Following the transaction, the director owned 1 shares of the company's stock, valued at $24.24. This represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 18.86% of the stock is currently owned by insiders.

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.

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