Towerview LLC Takes $518,000 Position in Lifeway Foods, Inc. (NASDAQ:LWAY)

Towerview LLC bought a new stake in Lifeway Foods, Inc. (NASDAQ:LWAY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,000 shares of the company’s stock, valued at approximately $518,000. Lifeway Foods makes up approximately 0.3% of Towerview LLC’s holdings, making the stock its 18th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in LWAY. Covestor Ltd acquired a new position in shares of Lifeway Foods in the 3rd quarter valued at approximately $50,000. Rhumbline Advisers raised its position in shares of Lifeway Foods by 2,334.0% in the 2nd quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock valued at $62,000 after buying an additional 4,668 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Lifeway Foods in the 2nd quarter valued at approximately $82,000. Cutter & CO Brokerage Inc. acquired a new position in shares of Lifeway Foods in the 3rd quarter valued at approximately $212,000. Finally, Bailard Inc. acquired a new position in shares of Lifeway Foods in the 2nd quarter valued at approximately $253,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LWAY has been the subject of several analyst reports. StockNews.com cut shares of Lifeway Foods from a “buy” rating to a “hold” rating in a research report on Sunday, September 8th. Noble Financial lowered shares of Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th.

Insider Activity at Lifeway Foods

In other Lifeway Foods news, VP Amy M. Feldman sold 12,948 shares of the business’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 transaction of $240,444.36. Following the sale, the vice president now directly owns 18,104 shares of the company’s stock, valued at $336,191.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Lifeway Foods news, VP Amy M. Feldman sold 12,948 shares of the business’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 transaction of $240,444.36. Following the sale, the vice president now directly owns 18,104 shares of the company’s stock, valued at $336,191.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Eric A. Hanson sold 5,546 shares of the business’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 transaction of $104,874.86. Following the sale, the chief financial officer now directly owns 25,546 shares in the company, valued at $483,074.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,078 shares of company stock valued at $707,786. 18.86% of the stock is owned by insiders.

Lifeway Foods Stock Performance

Shares of Lifeway Foods stock traded down $1.32 during midday trading on Thursday, hitting $22.07. 103,387 shares of the company traded hands, compared to its average volume of 144,147. The stock has a market cap of $326.42 million, a price-to-earnings ratio of 24.23 and a beta of 1.05. The firm’s fifty day moving average price is $24.80 and its 200-day moving average price is $18.86. Lifeway Foods, Inc. has a 12 month low of $9.93 and a 12 month high of $28.61.

Lifeway Foods (NASDAQ:LWAY) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.08. The company had revenue of $49.16 million for the quarter, compared to analyst estimates of $46.50 million. Lifeway Foods had a net margin of 7.69% and a return on equity of 21.92%. During the same period in the previous year, the firm posted $0.21 EPS. Equities research analysts forecast that Lifeway Foods, Inc. will post 0.99 earnings per share for the current year.

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.