One68 Global Capital LLC Buys Shares of 11,301 Lifeway Foods, Inc. (NASDAQ:LWAY)

One68 Global Capital LLC purchased a new stake in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) during the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 11,301 shares of the company’s stock, valued at approximately $280,000.

Several other large investors have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its holdings in shares of Lifeway Foods by 1.4% in the 4th quarter. Renaissance Technologies LLC now owns 436,371 shares of the company’s stock valued at $10,822,000 after buying an additional 6,189 shares during the period. TIG Advisors LLC acquired a new position in shares of Lifeway Foods in the 4th quarter valued at about $3,512,000. Gamco Investors INC. ET AL boosted its holdings in shares of 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 during the period. Geode Capital Management LLC boosted its holdings in shares of Lifeway Foods by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 115,971 shares of the company’s stock valued at $3,006,000 after buying an additional 2,018 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Lifeway Foods by 712.8% during the 4th quarter. JPMorgan Chase & Co. now owns 85,959 shares of the company’s stock valued at $2,132,000 after purchasing an additional 75,383 shares during the period. 36.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Lifeway Foods in a research note on Wednesday, April 23rd. They set a “hold” rating for the company.

Lifeway Foods Price Performance

Lifeway Foods stock opened at $23.75 on Wednesday. The firm’s 50 day simple moving average is $22.83 and its 200-day simple moving average is $23.57. The company has a market cap of $361.07 million, a P/E ratio of 27.62 and a beta of 0.93. Lifeway Foods, Inc. has a fifty-two week low of $10.06 and a fifty-two week high of $28.61.

Lifeway Foods (NASDAQ:LWAY) last announced its quarterly earnings data on Friday, March 14th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates 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.

Insider Activity

In other news, major shareholder Ludmila Smolyansky sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $23.51, for a total value of $235,100.00. Following the sale, the insider now directly owns 955,823 shares in the company, valued at approximately $22,471,398.73. This represents a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Edward Smolyansky sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $23.23, for a total value of $464,600.00. Following the completion of the sale, the insider now owns 1,251,642 shares in the company, valued at approximately $29,075,643.66. This represents a 1.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,324 shares of company stock valued at $1,539,957. 18.86% of the stock is owned by insiders.

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.