FNY Investment Advisers LLC Sells 20,633 Shares of Lifeway Foods, Inc. (NASDAQ:LWAY)

FNY Investment Advisers LLC lowered its position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) by 80.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,000 shares of the company’s stock after selling 20,633 shares during the period. FNY Investment Advisers LLC’s holdings in Lifeway Foods were worth $124,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd bought a new position in Lifeway Foods during the third quarter worth about $50,000. Rhumbline Advisers grew its position in shares of Lifeway Foods by 2,334.0% during the 2nd quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock worth $62,000 after purchasing an additional 4,668 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Lifeway Foods by 71.2% during the third quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock worth $72,000 after purchasing an additional 1,155 shares during the period. Quest Partners LLC acquired a new stake in shares of Lifeway Foods in the second quarter valued at approximately $82,000. Finally, Barclays PLC boosted its stake in shares of Lifeway Foods by 40.5% in the third quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after buying an additional 1,849 shares during the period. Institutional investors own 36.39% of the company’s stock.

Insider Buying and Selling at Lifeway Foods

In related news, major shareholder Ludmila Smolyansky sold 45,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $23.49, for a total value of $1,057,050.00. Following the sale, the insider now directly owns 1,025,549 shares of the company’s stock, valued at $24,090,146.01. This trade represents a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 18.86% of the company’s stock.

Lifeway Foods Trading Up 1.1 %

Shares of Lifeway Foods stock opened at $22.41 on Wednesday. The company has a market cap of $332.03 million, a PE ratio of 26.06 and a beta of 1.02. The company has a 50 day moving average of $23.90 and a 200-day moving average of $20.99. Lifeway Foods, Inc. has a 1-year low of $9.93 and a 1-year high of $28.61.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. StockNews.com assumed coverage on Lifeway Foods in a research note on Thursday, January 9th. They set a “hold” rating on the stock. Noble Financial cut Lifeway Foods from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th.

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.