Two Sigma Investments LP Sells 32,965 Shares of Lifeway Foods, Inc. (NASDAQ:LWAY)

Two Sigma Investments LP reduced its stake in Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) by 45.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,188 shares of the company's stock after selling 32,965 shares during the quarter. Two Sigma Investments LP owned about 0.27% of Lifeway Foods worth $997,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LWAY. Sagefield Capital LP purchased a new stake in shares of Lifeway Foods in the fourth quarter valued at $211,000. Lazard Asset Management LLC boosted its stake in Lifeway Foods by 12.1% in the 4th quarter. Lazard Asset Management LLC now owns 14,826 shares of the company's stock worth $367,000 after buying an additional 1,605 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in Lifeway Foods in the 4th quarter valued at about $221,000. Divisadero Street Capital Management LP acquired a new position in shares of Lifeway Foods during the 4th quarter valued at about $2,925,000. Finally, Beryl Capital Management LLC acquired a new position in shares of Lifeway Foods during the 4th quarter valued at about $3,607,000. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at Lifeway Foods

In other 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 value of $67,050.00. Following the completion of the transaction, the director now directly owns 23,858 shares in the company, valued at $533,226.30. This trade represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Julie Smolyansky sold 50,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 2,132,483 shares of the company's stock, valued at approximately $47,063,899.81. This trade represents a 2.29% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 119,885 shares of company stock worth $2,747,096. 18.86% of the stock is owned by insiders.

Lifeway Foods Stock Performance

Shares of NASDAQ:LWAY traded up $0.36 during trading on Friday, hitting $24.92. The company's stock had a trading volume of 50,060 shares, compared to its average volume of 100,529. The company has a market capitalization of $378.86 million, a PE ratio of 28.98 and a beta of 0.74. Lifeway Foods, Inc. has a fifty-two week low of $10.06 and a fifty-two week high of $27.29. The stock's 50-day moving average price is $23.33 and its two-hundred day moving average price is $23.11.

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

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.