13,272 Shares in Lifeway Foods, Inc. (NASDAQ:LWAY) Purchased by Credit Industriel ET Commercial

Credit Industriel ET Commercial bought a new position in Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,272 shares of the company's stock, valued at approximately $329,000. Credit Industriel ET Commercial owned approximately 0.09% of Lifeway Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN lifted its stake in Lifeway Foods by 33.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,855 shares of the company's stock valued at $71,000 after acquiring an additional 718 shares during the period. Rhumbline Advisers lifted its position in Lifeway Foods by 23.3% during 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 during the period. Barclays PLC boosted its holdings in Lifeway Foods by 40.5% in the third quarter. Barclays PLC now owns 6,420 shares of the company's stock worth $167,000 after purchasing an additional 1,849 shares during the last quarter. ClearAlpha Technologies LP bought a new stake in Lifeway Foods in the 4th quarter worth approximately $248,000. Finally, JPMorgan Chase & Co. raised its stake in Lifeway Foods by 451.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,576 shares of the company's stock valued at $274,000 after buying an additional 8,658 shares during the last quarter. Hedge funds and other 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 10,000 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $21.31, for a total transaction of $213,100.00. Following the completion of the transaction, the insider now directly owns 17,343 shares in the company, valued at approximately $369,579.33. The trade was a 36.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Edward Smolyansky sold 20,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $23.23, for a total transaction of $464,600.00. Following the sale, the insider now owns 1,251,642 shares in the company, valued at approximately $29,075,643.66. The trade was a 1.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 66,324 shares of company stock valued at $1,539,957. Company insiders own 18.86% of the company's stock.

Lifeway Foods Price Performance

Shares of LWAY traded down $0.29 on Friday, reaching $23.20. The company's stock had a trading volume of 32,990 shares, compared to its average volume of 125,365. The stock's 50 day simple moving average is $22.78 and its two-hundred day simple moving average is $23.61. The stock has a market capitalization of $352.71 million, a P/E ratio of 26.98 and a beta of 0.93. Lifeway Foods, Inc. has a 12-month low of $10.06 and a 12-month high of $28.61.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Lifeway Foods in a research note on Wednesday. They issued a "hold" rating on the stock.

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.