Lifeway Foods, Inc. (NASDAQ:LWAY) Shares Purchased by Acadian Asset Management LLC

Acadian Asset Management LLC lifted its position in Lifeway Foods, Inc. (NASDAQ:LWAY) by 184.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,184 shares of the company’s stock after purchasing an additional 29,922 shares during the quarter. Acadian Asset Management LLC owned approximately 0.31% of Lifeway Foods worth $589,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bailard Inc. acquired a new stake in Lifeway Foods during the 2nd quarter worth approximately $253,000. Jump Financial LLC acquired a new stake in Lifeway Foods during the 4th quarter worth approximately $303,000. Panagora Asset Management Inc. acquired a new stake in Lifeway Foods during the 2nd quarter worth approximately $267,000. Gamco Investors INC. ET AL lifted its position in Lifeway Foods by 37.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 109,700 shares of the company’s stock worth $1,889,000 after acquiring an additional 30,100 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its position in Lifeway Foods by 4.8% during the 1st quarter. Hillsdale Investment Management Inc. now owns 246,480 shares of the company’s stock worth $4,244,000 after acquiring an additional 11,383 shares during the period. 36.39% of the stock is owned by institutional investors and hedge funds.

Lifeway Foods Trading Up 1.5 %

Shares of LWAY stock opened at $22.31 on Wednesday. The company has a market cap of $328.11 million, a price-to-earnings ratio of 25.94 and a beta of 1.02. The stock has a 50 day simple moving average of $15.96 and a 200-day simple moving average of $16.39. Lifeway Foods, Inc. has a 12-month low of $9.06 and a 12-month high of $28.61.

Lifeway Foods (NASDAQ:LWAY) last issued its earnings results on Tuesday, August 13th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.08. The business had revenue of $49.16 million during the quarter, compared to the consensus estimate of $46.50 million. Lifeway Foods had a return on equity of 21.92% and a net margin of 7.69%. During the same period in the prior year, the business posted $0.21 EPS. On average, equities analysts forecast that Lifeway Foods, Inc. will post 0.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on LWAY shares. Noble Financial increased their price objective on Lifeway Foods from $20.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 3rd. StockNews.com downgraded Lifeway Foods from a “buy” rating to a “hold” rating in a research note on Sunday, September 8th.

Insider Activity at Lifeway Foods

In related news, VP Amy M. Feldman sold 12,948 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $18.57, for a total value of $240,444.36. Following the completion of the transaction, the vice president now directly owns 18,104 shares of the company’s stock, valued at approximately $336,191.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Eric A. Hanson sold 5,546 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $18.91, for a total value of $104,874.86. Following the completion of the transaction, the chief financial officer now directly owns 25,546 shares of the company’s stock, valued at approximately $483,074.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Amy M. Feldman sold 12,948 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $18.57, for a total value of $240,444.36. Following the completion of the transaction, the vice president now directly owns 18,104 shares of the company’s stock, valued at $336,191.28. The disclosure for this sale can be found here. Insiders sold 52,698 shares of company stock valued at $887,612 in the last ninety days. Corporate insiders own 31.77% of the company’s stock.

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.