Lifeway Foods, Inc. (NASDAQ:LWAY) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,845 shares of the company’s stock after selling 4,866 shares during the quarter. Los Angeles Capital Management LLC owned about 0.29% of Lifeway Foods worth $1,063,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its stake in Lifeway Foods by 1.6% during the fourth quarter. Bank of New York Mellon Corp now owns 55,841 shares of the company’s stock worth $1,385,000 after acquiring an additional 868 shares during the last quarter. Rhumbline Advisers increased its stake in Lifeway Foods by 23.3% during the fourth quarter. Rhumbline Advisers now owns 5,606 shares of the company’s stock worth $139,000 after acquiring an additional 1,059 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Lifeway Foods by 71.2% during 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. Barclays PLC increased its stake in Lifeway Foods by 40.5% during the third 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 last quarter. Finally, Covestor Ltd acquired a new stake in Lifeway Foods during the third quarter worth about $50,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at Lifeway Foods

In other news, major shareholder Ludmila Smolyansky sold 15,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $24.12, for a total value of $361,800.00. Following the completion of the sale, the insider now owns 1,040,549 shares of the company’s stock, valued at $25,098,041.88. This represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 122,034 shares of company stock valued at $2,797,217 over the last quarter. Company insiders own 18.86% of the company’s stock.

Lifeway Foods Price Performance

Shares of NASDAQ LWAY opened at $21.15 on Friday. Lifeway Foods, Inc. has a 1-year low of $10.06 and a 1-year high of $28.61. The business has a 50-day moving average of $22.69 and a 200-day moving average of $23.25. The company has a market capitalization of $313.36 million, a price-to-earnings ratio of 24.59 and a beta of 1.01.

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.