Cutter & CO Brokerage Inc. Purchases New Holdings in Lifeway Foods, Inc. (NASDAQ:LWAY)

Cutter & CO Brokerage Inc. bought a new position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) during the third quarter, according to its most recent filing with the SEC. The fund bought 8,160 shares of the company’s stock, valued at approximately $212,000. Cutter & CO Brokerage Inc. owned 0.06% of Lifeway Foods at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Acadian Asset Management LLC raised its position in Lifeway Foods by 184.0% in the second quarter. Acadian Asset Management LLC now owns 46,184 shares of the company’s stock worth $589,000 after acquiring an additional 29,922 shares during the period. Cornercap Investment Counsel Inc. bought a new stake in shares of Lifeway Foods in the 2nd quarter worth approximately $539,000. American Century Companies Inc. purchased a new position in Lifeway Foods in the second quarter valued at approximately $593,000. Marshall Wace LLP grew its holdings in Lifeway Foods by 48.5% during the second quarter. Marshall Wace LLP now owns 100,217 shares of the company’s stock valued at $1,280,000 after purchasing an additional 32,742 shares during the period. Finally, Bailard Inc. purchased a new stake in Lifeway Foods in the second quarter worth $253,000. 36.39% of the stock is owned by hedge funds and other institutional investors.

Lifeway Foods Trading Up 0.1 %

Shares of NASDAQ:LWAY opened at $26.40 on Wednesday. The company has a 50 day moving average of $23.37 and a 200 day moving average of $18.48. The stock has a market cap of $388.26 million, a P/E ratio of 30.62 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.

Lifeway Foods (NASDAQ:LWAY) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.08. The firm had revenue of $49.16 million for the quarter, compared to analysts’ expectations of $46.50 million. Lifeway Foods had a net margin of 7.69% and a return on equity of 21.92%. During the same quarter in the prior year, the firm posted $0.21 earnings per share. On average, equities analysts forecast that Lifeway Foods, Inc. will post 0.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Ludmila Smolyansky sold 15,000 shares of Lifeway Foods stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $18.19, for a total transaction of $272,850.00. Following the completion of the sale, the insider now owns 1,110,133 shares in the company, valued at approximately $20,193,319.27. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Lifeway Foods news, VP Amy M. Feldman sold 12,948 shares of Lifeway Foods stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $18.57, for a total transaction of $240,444.36. Following the transaction, the vice president now directly owns 18,104 shares of the company’s stock, valued at approximately $336,191.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Ludmila Smolyansky sold 15,000 shares of Lifeway Foods stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $18.19, for a total value of $272,850.00. Following the completion of the transaction, the insider now directly owns 1,110,133 shares in the company, valued at $20,193,319.27. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 38,078 shares of company stock worth $707,786 in the last ninety days. 31.77% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on LWAY shares. StockNews.com downgraded Lifeway Foods from a “buy” rating to a “hold” rating in a research note on Sunday, September 8th. Noble Financial downgraded Lifeway Foods from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th.

About Lifeway Foods

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.