Lifeway Foods, Inc. $LWAY Shares Purchased by Boston Partners

Boston Partners increased its holdings in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) by 4.0% in the first quarter, Holdings Channel reports. The firm owned 46,804 shares of the company’s stock after acquiring an additional 1,804 shares during the period. Boston Partners’ holdings in Lifeway Foods were worth $1,144,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in Lifeway Foods by 33.6% during 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 in the last quarter. Deutsche Bank AG acquired a new stake in Lifeway Foods during the 1st quarter worth approximately $78,000. Rhumbline Advisers increased its position in 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 purchasing an additional 462 shares in the last quarter. Barclays PLC increased its position in Lifeway Foods by 11.0% during the 4th quarter. Barclays PLC now owns 7,127 shares of the company’s stock worth $176,000 after purchasing an additional 707 shares in the last quarter. Finally, Sagefield Capital LP acquired a new stake in Lifeway Foods during the 4th quarter worth approximately $211,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

Insider Buying and Selling

In other news, Director Jason Scott Scher sold 16,366 shares of the firm’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $24.24, for a total transaction of $396,711.84. Following the completion of the sale, the director owned 1 shares of the company’s stock, valued at approximately $24.24. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Pol Sikar sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $22.35, for a total transaction of $67,050.00. Following the sale, the director directly owned 23,858 shares of the company’s stock, valued at $533,226.30. The trade was a 11.17% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,566 shares of company stock worth $685,172 in the last quarter. Insiders own 18.86% of the company’s stock.

Lifeway Foods Stock Down 0.6%

LWAY opened at $29.80 on Monday. The firm has a market capitalization of $453.76 million, a P/E ratio of 43.19 and a beta of 0.69. The firm’s 50 day moving average is $25.75 and its 200-day moving average is $23.85. Lifeway Foods, Inc. has a 52-week low of $17.82 and a 52-week high of $31.00.

Lifeway Foods (NASDAQ:LWAY) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.10. The company had revenue of $53.90 million for the quarter, compared to analyst estimates of $54.00 million. Lifeway Foods had a net margin of 5.49% and a return on equity of 14.32%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on LWAY shares. Lake Street Capital increased their target price on shares of 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 shares of Lifeway Foods from a “hold” rating to a “buy” rating in a research note on Saturday.

Lifeway Foods 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.