American Century Companies Inc. Raises Stock Position in Lifeway Foods, Inc. (NASDAQ:LWAY)

American Century Companies Inc. lifted its position in Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) by 27.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 69,302 shares of the company's stock after acquiring an additional 15,046 shares during the period. American Century Companies Inc. owned 0.47% of Lifeway Foods worth $1,719,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LWAY. BNP Paribas Financial Markets grew its stake in 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 last quarter. Rhumbline Advisers boosted its position in 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 buying an additional 1,059 shares during the last quarter. Barclays PLC increased its holdings in Lifeway Foods by 40.5% in the 3rd quarter. Barclays PLC now owns 6,420 shares of the company's stock worth $167,000 after buying an additional 1,849 shares during the period. JPMorgan Chase & Co. raised its position in Lifeway Foods by 451.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 10,576 shares of the company's stock worth $274,000 after buying an additional 8,658 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new stake in Lifeway Foods during the 3rd quarter valued at approximately $679,000. Hedge funds and other institutional investors own 36.39% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Lifeway Foods in a report on Monday, April 7th. They issued a "hold" rating on the stock.

Insider Buying and Selling

In other Lifeway Foods news, major shareholder Edward Smolyansky sold 20,000 shares of the business'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 completion of the sale, the insider now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Ludmila Smolyansky sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 11th. The shares were sold at an average price of $21.31, for a total value of $213,100.00. Following the completion of the transaction, the insider now owns 17,343 shares in the company, valued at approximately $369,579.33. This trade represents a 36.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 82,034 shares of company stock valued at $1,842,967. 18.86% of the stock is owned by corporate insiders.

Lifeway Foods Trading Down 0.7 %

Lifeway Foods stock traded down $0.17 during mid-day trading on Friday, hitting $23.22. The company had a trading volume of 39,670 shares, compared to its average volume of 129,263. The company has a market capitalization of $353.01 million, a price-to-earnings ratio of 27.00 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. The company's fifty day moving average is $22.49 and its 200-day moving average is $23.78.

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

About Lifeway Foods

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.