53,000 Shares in Lifeway Foods, Inc. (NASDAQ:LWAY) Purchased by Slotnik Capital LLC

Slotnik Capital LLC purchased a new position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 53,000 shares of the company’s stock, valued at approximately $1,314,000. Lifeway Foods makes up about 0.6% of Slotnik Capital LLC’s holdings, making the stock its 15th biggest position. Slotnik Capital LLC owned about 0.36% of Lifeway Foods as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in LWAY. Point72 Asset Management L.P. purchased a new position in Lifeway Foods during the 3rd quarter valued at about $679,000. BNP Paribas Financial Markets increased its stake in shares of Lifeway Foods by 71.2% in the third quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock worth $72,000 after acquiring an additional 1,155 shares during the last quarter. State Street Corp raised its holdings in shares of Lifeway Foods by 28.9% during the third quarter. State Street Corp now owns 53,683 shares of the company’s stock worth $1,391,000 after acquiring an additional 12,020 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Lifeway Foods by 451.4% during the third quarter. JPMorgan Chase & Co. now owns 10,576 shares of the company’s stock valued at $274,000 after purchasing an additional 8,658 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Lifeway Foods by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 115,971 shares of the company’s stock worth $3,006,000 after purchasing an additional 2,018 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Lifeway Foods news, major shareholder Edward Smolyansky sold 20,000 shares of Lifeway Foods stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $23.23, for a total value of $464,600.00. Following the transaction, the insider now owns 1,251,642 shares of the company’s stock, valued at approximately $29,075,643.66. The trade was a 1.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Ludmila Smolyansky sold 15,000 shares of the business’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $24.12, for a total transaction of $361,800.00. Following the completion of the sale, the insider now directly owns 1,040,549 shares in the company, valued at $25,098,041.88. This represents a 1.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,034 shares of company stock worth $3,261,817. Corporate insiders own 18.86% of the company’s stock.

Lifeway Foods Stock Up 0.6 %

Shares of NASDAQ LWAY opened at $24.84 on Thursday. Lifeway Foods, Inc. has a 12 month low of $10.06 and a 12 month high of $28.61. The company has a market cap of $377.64 million, a P/E ratio of 28.88 and a beta of 1.00. The business’s 50 day moving average is $22.43 and its two-hundred day moving average is $23.77.

Lifeway Foods (NASDAQ:LWAY) last announced its quarterly earnings data on Friday, March 14th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.19). The firm had revenue of $46.93 million during the quarter, compared to the consensus estimate of $48.00 million. Lifeway Foods had a return on equity of 19.97% and a net margin of 7.23%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Lifeway Foods in a research note on Sunday. They set a “hold” rating for the company.

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.