Aviva PLC Has $622,000 Position in Lifeway Foods, Inc. (NASDAQ:LWAY)

Aviva PLC trimmed its stake in Lifeway Foods, Inc. (NASDAQ:LWAY) by 20.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,080 shares of the company’s stock after selling 6,288 shares during the quarter. Aviva PLC owned about 0.17% of Lifeway Foods worth $622,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in Lifeway Foods by 33.6% in the 4th quarter. Wells Fargo & Company MN now owns 2,855 shares of the company’s stock valued at $71,000 after buying an additional 718 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Lifeway Foods by 71.2% in the third quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock valued at $72,000 after acquiring an additional 1,155 shares during the period. Rhumbline Advisers grew its stake in Lifeway Foods by 23.3% in 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 period. Barclays PLC increased its holdings in shares of Lifeway Foods by 40.5% during the third quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after acquiring an additional 1,849 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Lifeway Foods by 451.4% during the third quarter. JPMorgan Chase & Co. now owns 10,576 shares of the company’s stock worth $274,000 after purchasing an additional 8,658 shares during the period. 36.39% of the stock is owned by institutional investors.

Lifeway Foods Stock Performance

LWAY stock opened at $23.39 on Friday. The company has a market capitalization of $355.60 million, a P/E ratio of 27.20 and a beta of 0.93. Lifeway Foods, Inc. has a 52-week low of $10.06 and a 52-week high of $28.61. The business has a 50-day simple moving average of $22.49 and a two-hundred day simple moving average of $23.82.

Lifeway Foods (NASDAQ:LWAY) last announced its earnings results on Friday, March 14th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.19). Lifeway Foods had a net margin of 7.23% and a return on equity of 19.97%. The company had revenue of $46.93 million for the quarter, compared to analysts’ expectations of $48.00 million.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Lifeway Foods in a research note on Monday. They set a “hold” rating for the company.

Insider Activity

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 30,000 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $22.24, for a total value of $667,200.00. Following the completion of the transaction, the insider now owns 995,549 shares in the company, valued at $22,141,009.76. This represents a 2.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Edward Smolyansky sold 20,000 shares of Lifeway Foods stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $23.23, for a total value of $464,600.00. Following the sale, the insider now owns 1,251,642 shares in the company, valued at $29,075,643.66. The trade was a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 82,034 shares of company stock worth $1,842,967 over the last quarter. Insiders own 18.86% of the company’s stock.

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.