46,462 Shares in Lifeway Foods, Inc. (NASDAQ:LWAY) Bought by American Century Companies Inc.

American Century Companies Inc. acquired a new stake in shares of Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 46,462 shares of the company's stock, valued at approximately $593,000. American Century Companies Inc. owned 0.32% of Lifeway Foods as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Rhumbline Advisers grew 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 worth $62,000 after buying an additional 4,668 shares during the last quarter. Quest Partners LLC purchased a new position in Lifeway Foods in the second quarter worth $82,000. Bailard Inc. acquired a new position in shares of Lifeway Foods during the second quarter worth $253,000. Panagora Asset Management Inc. acquired a new stake in shares of Lifeway Foods in the 2nd quarter worth $267,000. Finally, Acadian Asset Management LLC grew its stake in Lifeway Foods by 184.0% during the 2nd quarter. Acadian Asset Management LLC now owns 46,184 shares of the company's stock worth $589,000 after buying an additional 29,922 shares during the last quarter. Institutional investors own 36.39% of the company's stock.

Lifeway Foods Stock Performance

LWAY stock traded down $0.02 during midday trading on Thursday, reaching $26.29. The stock had a trading volume of 121,180 shares, compared to its average volume of 153,768. The firm has a fifty day simple moving average of $18.66 and a two-hundred day simple moving average of $17.37. Lifeway Foods, Inc. has a 52-week low of $9.06 and a 52-week high of $28.61. The stock has a market cap of $386.65 million, a PE ratio of 30.49 and a beta of 1.02.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.08. The firm had revenue of $49.16 million during the quarter, compared to analysts' expectations of $46.50 million. Lifeway Foods had a return on equity of 21.92% and a net margin of 7.69%. During the same period last year, the business posted $0.21 earnings per share. On average, sell-side analysts predict that Lifeway Foods, Inc. will post 0.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 4,584 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $19.55, for a total value of $89,617.20. Following the sale, the insider now directly owns 1,085,549 shares of the company's stock, valued at $21,222,482.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, VP Amy M. Feldman sold 12,948 shares of Lifeway Foods stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $18.57, for a total transaction of $240,444.36. Following the completion of the transaction, the vice president now directly owns 18,104 shares in the company, valued at $336,191.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ludmila Smolyansky sold 4,584 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $19.55, for a total value of $89,617.20. Following the completion of the transaction, the insider now directly owns 1,085,549 shares of the company's stock, valued at $21,222,482.95. The disclosure for this sale can be found here. In the last ninety days, insiders sold 52,698 shares of company stock valued at $887,612. 31.77% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on LWAY shares. Noble Financial cut Lifeway Foods from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 24th. StockNews.com lowered shares of Lifeway Foods from a "buy" rating to a "hold" rating in a research report on Sunday, September 8th.

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.