TIG Advisors LLC Purchases 79,218 Shares of Lifeway Foods, Inc. $LWAY

Key Points

• TIG Advisors LLC increased its stake in Lifeway Foods, acquiring an additional 79,218 shares, bringing their total holdings to 220,817 shares, valued at approximately $5.4 million.
• Lifeway Foods' stock is currently priced at $30.47, down 1.5% recently, with a market capitalization of approximately $464 million and a PE ratio of 44.16.
• Recent analyst ratings for Lifeway Foods include a price target increase to $33.00 from Lake Street Capital, which has given the stock a "buy" rating.

TIG Advisors LLC boosted its position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) by 55.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 220,817 shares of the company's stock after purchasing an additional 79,218 shares during the quarter. TIG Advisors LLC owned about 1.45% of Lifeway Foods worth $5,399,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JBF Capital Inc. bought a new stake in Lifeway Foods during the 1st quarter worth about $672,000. Rhumbline Advisers grew its position in shares of Lifeway Foods by 8.2% during the 1st quarter. Rhumbline Advisers now owns 6,068 shares of the company's stock worth $148,000 after buying an additional 462 shares during the period. Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Lifeway Foods during the 1st quarter worth about $221,000. Deutsche Bank AG acquired a new position in shares of Lifeway Foods during the 1st quarter worth about $78,000. Finally, Gamco Investors INC. ET AL grew its position in shares of Lifeway Foods by 19.3% during the 1st quarter. Gamco Investors INC. ET AL now owns 143,550 shares of the company's stock worth $3,510,000 after buying an additional 23,200 shares during the period. 36.39% of the stock is owned by institutional investors.

Lifeway Foods Stock Up 0.7%

Shares of LWAY traded up $0.22 on Friday, hitting $31.12. The company's stock had a trading volume of 95,611 shares, compared to its average volume of 70,185. The firm's fifty day moving average price is $27.55 and its 200-day moving average price is $24.70. Lifeway Foods, Inc. has a fifty-two week low of $19.50 and a fifty-two week high of $32.19. The firm has a market capitalization of $473.86 million, a price-to-earnings ratio of 45.10 and a beta of 0.46.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last issued 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. Lifeway Foods had a return on equity of 14.32% and a net margin of 5.49%.The business had revenue of $53.90 million during the quarter, compared to analyst estimates of $54.00 million.

Insider Activity

In related news, Director Jason Scott Scher sold 16,366 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $24.24, for a total value of $396,711.84. Following the completion of the transaction, the director directly owned 1 shares in the company, valued at approximately $24.24. The trade was a 99.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 18.86% of the company's stock.

Analyst Ratings Changes

LWAY has been the subject of several analyst reports. 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 research report on Wednesday, August 13th. Wall Street Zen upgraded Lifeway Foods from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Lifeway Foods currently has a consensus rating of "Moderate Buy" and an average target price of $33.00.

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.