Towerview LLC raised its position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) by 107.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,500 shares of the company's stock after buying an additional 37,500 shares during the quarter. Lifeway Foods comprises 1.3% of Towerview LLC's portfolio, making the stock its 12th biggest holding. Towerview LLC owned approximately 0.48% of Lifeway Foods worth $1,773,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in LWAY. Rhumbline Advisers grew its holdings in Lifeway Foods by 8.2% in the first quarter. Rhumbline Advisers now owns 6,068 shares of the company's stock worth $148,000 after purchasing an additional 462 shares during the last quarter. Algert Global LLC boosted its stake in shares of Lifeway Foods by 8.1% during the 4th quarter. Algert Global LLC now owns 9,076 shares of the company's stock worth $225,000 after acquiring an additional 680 shares in the last quarter. Barclays PLC raised its holdings in Lifeway Foods by 11.0% in the 4th quarter. Barclays PLC now owns 7,127 shares of the company's stock worth $176,000 after purchasing an additional 707 shares during the period. Wells Fargo & Company MN raised its holdings in 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 purchasing an additional 718 shares during the period. Finally, Gamco Investors INC. ET AL lifted its stake in Lifeway Foods by 0.9% in the 4th quarter. Gamco Investors INC. ET AL now owns 120,350 shares of the company's stock valued at $2,985,000 after buying an additional 1,050 shares in the last quarter. Institutional investors own 36.39% of the company's stock.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Lifeway Foods to a "hold" rating in a research report on Saturday, July 12th.
Check Out Our Latest Report on LWAY
Lifeway Foods Trading Up 2.1%
Shares of LWAY stock traded up $0.55 on Friday, reaching $26.47. 80,111 shares of the stock were exchanged, compared to its average volume of 42,736. The business's 50 day moving average price is $24.36 and its 200 day moving average price is $23.36. The company has a market capitalization of $402.34 million, a price-to-earnings ratio of 40.11 and a beta of 0.75. Lifeway Foods, Inc. has a twelve month low of $10.06 and a twelve month high of $27.29.
Lifeway Foods (NASDAQ:LWAY - Get Free Report) last announced its earnings results on Tuesday, May 13th. The company reported $0.23 EPS for the quarter, beating 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%.
Insider Transactions at Lifeway Foods
In other Lifeway Foods news, Director Pol Sikar sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $22.35, for a total transaction of $67,050.00. Following the transaction, the director owned 23,858 shares of the company's stock, valued at $533,226.30. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Julie Smolyansky sold 50,000 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $22.07, for a total transaction of $1,103,500.00. Following the completion of the transaction, the chief executive officer directly owned 2,132,483 shares in the company, valued at approximately $47,063,899.81. This represents a 2.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 88,127 shares of company stock worth $2,015,554 over the last quarter. 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.
Featured Articles
Before you consider Lifeway Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lifeway Foods wasn't on the list.
While Lifeway Foods currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
