Towerview LLC Has $868,000 Stock Position in Lifeway Foods, Inc. (NASDAQ:LWAY)

Towerview LLC grew its holdings in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) by 75.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,000 shares of the company’s stock after buying an additional 15,000 shares during the quarter. Lifeway Foods accounts for about 0.6% of Towerview LLC’s holdings, making the stock its 16th biggest position. Towerview LLC owned approximately 0.24% of Lifeway Foods worth $868,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LWAY. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Lifeway Foods during the third quarter valued at about $1,270,000. Los Angeles Capital Management LLC purchased a new position in Lifeway Foods during the third quarter worth about $1,237,000. Point72 Asset Management L.P. purchased a new position in Lifeway Foods during the third quarter worth about $679,000. Harvest Management LLC purchased a new position in Lifeway Foods during the third quarter worth about $518,000. Finally, Corsair Capital Management L.P. purchased a new position in Lifeway Foods during the third quarter worth about $393,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Lifeway Foods Price Performance

LWAY opened at $21.03 on Friday. The stock has a market cap of $311.58 million, a price-to-earnings ratio of 24.45 and a beta of 1.01. Lifeway Foods, Inc. has a twelve month low of $10.06 and a twelve month high of $28.61. The company’s 50-day moving average price is $22.76 and its two-hundred day moving average price is $23.20.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Lifeway Foods in a report on Wednesday. They set a “hold” rating on the stock.

Insider Activity

In other news, major shareholder Ludmila Smolyansky sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.49, for a total value of $1,057,050.00. Following the sale, the insider now owns 1,025,549 shares of the company’s stock, valued at $24,090,146.01. The trade was a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 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.

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.