Connor Clark & Lunn Investment Management Ltd. Decreases Position in Lifeway Foods, Inc. (NASDAQ:LWAY)

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) by 28.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 35,282 shares of the company's stock after selling 13,733 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.24% of Lifeway Foods worth $875,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LWAY. Bank of New York Mellon Corp raised its holdings in Lifeway Foods by 1.6% during the 4th quarter. Bank of New York Mellon Corp now owns 55,841 shares of the company's stock valued at $1,385,000 after acquiring an additional 868 shares during the period. Rhumbline Advisers grew its position in shares of Lifeway Foods by 23.3% in the fourth quarter. Rhumbline Advisers now owns 5,606 shares of the company's stock valued at $139,000 after purchasing an additional 1,059 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Lifeway Foods by 71.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company's stock valued at $72,000 after purchasing an additional 1,155 shares during the period. Barclays PLC lifted its holdings in Lifeway Foods by 40.5% during the 3rd quarter. Barclays PLC now owns 6,420 shares of the company's stock worth $167,000 after purchasing an additional 1,849 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Lifeway Foods by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 115,971 shares of the company's stock worth $3,006,000 after purchasing an additional 2,018 shares during the period. Institutional investors own 36.39% of the company's stock.

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Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Lifeway Foods in a research report on Saturday. They set a "hold" rating on the stock.

Insider Activity at Lifeway Foods

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 15,000 shares of the firm's stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $24.12, for a total transaction of $361,800.00. Following the sale, the insider now owns 1,040,549 shares in the company, valued at $25,098,041.88. This trade represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Edward Smolyansky sold 20,000 shares of Lifeway Foods stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $23.23, for a total value of $464,600.00. Following the sale, the insider now directly owns 1,251,642 shares of the company's stock, valued at approximately $29,075,643.66. This trade represents a 1.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 142,034 shares of company stock valued at $3,261,817 over the last three months. 18.86% of the stock is owned by corporate insiders.

Lifeway Foods Trading Up 2.2 %

Shares of Lifeway Foods stock traded up $0.53 during trading on Tuesday, hitting $24.50. The stock had a trading volume of 128,189 shares, compared to its average volume of 136,961. Lifeway Foods, Inc. has a 12 month low of $10.06 and a 12 month high of $28.61. The firm has a market cap of $372.47 million, a price-to-earnings ratio of 28.49 and a beta of 1.00. The business's 50-day moving average is $22.15 and its 200 day moving average is $23.62.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last announced its earnings results on Friday, March 14th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.18 by ($0.19). The business had revenue of $46.93 million during the quarter, compared to the consensus estimate of $48.00 million. Lifeway Foods had a return on equity of 19.97% and a net margin of 7.23%.

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.