Towerview LLC Acquires 15,000 Shares of Lifeway Foods, Inc. (NASDAQ:LWAY)

Towerview LLC lifted its stake in Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) by 75.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 35,000 shares of the company's stock after purchasing an additional 15,000 shares during the period. Lifeway Foods accounts for 0.6% of Towerview LLC's portfolio, making the stock its 16th largest position. Towerview LLC owned 0.24% of Lifeway Foods worth $868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the stock. Covestor Ltd bought a new position in shares of Lifeway Foods in the 3rd quarter valued at about $50,000. BNP Paribas Financial Markets lifted its holdings in Lifeway Foods by 71.2% in the third quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company's stock valued at $72,000 after buying an additional 1,155 shares during the period. Rhumbline Advisers lifted its holdings 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 period. Barclays PLC grew 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 acquiring an additional 1,849 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings 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 acquiring an additional 8,658 shares during the period. Institutional investors own 36.39% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Lifeway Foods in a research report on Wednesday, February 26th. They issued a "hold" rating on the stock.

Lifeway Foods Stock Down 1.4 %

Lifeway Foods stock traded down $0.30 during midday trading on Monday, hitting $20.85. 42,235 shares of the stock were exchanged, compared to its average volume of 47,631. The stock has a market capitalization of $308.91 million, a PE ratio of 24.24 and a beta of 1.01. The company has a fifty day simple moving average of $22.69 and a two-hundred day simple moving average of $23.34. Lifeway Foods, Inc. has a 52 week low of $10.06 and a 52 week high of $28.61.

Insider Activity at Lifeway Foods

In related news, major shareholder Ludmila Smolyansky sold 45,000 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.49, for a total transaction of $1,057,050.00. Following the sale, the insider now directly owns 1,025,549 shares in the company, valued at $24,090,146.01. This trade represents a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders sold 122,034 shares of company stock worth $2,797,217. 18.86% of the stock is owned by company insiders.

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.