Bank of Montreal Can Acquires Shares of 33,837 Lifeway Foods, Inc. (NASDAQ:LWAY)

Bank of Montreal Can bought a new stake in Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 33,837 shares of the company's stock, valued at approximately $432,000. Bank of Montreal Can owned 0.23% of Lifeway Foods as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American Century Companies Inc. purchased a new stake in Lifeway Foods in the 2nd quarter valued at about $593,000. Cornercap Investment Counsel Inc. acquired a new position in shares of Lifeway Foods in the 2nd quarter worth approximately $539,000. Gamco Investors INC. ET AL lifted its holdings in shares of Lifeway Foods by 37.8% in the 1st quarter. Gamco Investors INC. ET AL now owns 109,700 shares of the company's stock worth $1,889,000 after acquiring an additional 30,100 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Lifeway Foods by 7.1% during the 2nd quarter. Renaissance Technologies LLC now owns 454,682 shares of the company's stock worth $5,806,000 after purchasing an additional 30,000 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in Lifeway Foods by 184.0% in the 2nd quarter. Acadian Asset Management LLC now owns 46,184 shares of the company's stock valued at $589,000 after purchasing an additional 29,922 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.

Wall Street Analyst Weigh In

LWAY has been the topic of a number of research reports. Noble Financial cut Lifeway Foods from an "outperform" rating to a "market perform" rating in a research note on Tuesday, September 24th. StockNews.com cut Lifeway Foods from a "buy" rating to a "hold" rating in a report on Sunday, September 8th.

Insider Activity

In related news, CFO Eric A. Hanson sold 5,546 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $18.91, for a total transaction of $104,874.86. Following the sale, the chief financial officer now directly owns 25,546 shares in the company, valued at approximately $483,074.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Amy M. Feldman sold 12,948 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $336,191.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Eric A. Hanson sold 5,546 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $18.91, for a total value of $104,874.86. Following the completion of the transaction, the chief financial officer now owns 25,546 shares in the company, valued at approximately $483,074.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,698 shares of company stock worth $887,612. 31.77% of the stock is currently owned by company insiders.

Lifeway Foods Trading Up 0.6 %

LWAY traded up $0.15 during trading hours on Thursday, hitting $26.63. 42,063 shares of the company's stock were exchanged, compared to its average volume of 151,885. The firm has a market cap of $391.65 million, a P/E ratio of 30.70 and a beta of 1.04. Lifeway Foods, Inc. has a 12-month low of $9.06 and a 12-month high of $28.61. The firm has a 50 day moving average of $20.10 and a 200 day moving average of $17.83.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.08. Lifeway Foods had a return on equity of 21.92% and a net margin of 7.69%. The business had revenue of $49.16 million for the quarter, compared to analyst estimates of $46.50 million. During the same quarter in the prior year, the company earned $0.21 earnings per share. As a group, research analysts expect that Lifeway Foods, Inc. will post 0.99 EPS for the current fiscal year.

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.