Janus Henderson Group PLC Acquires Shares of 8,930 Lifeway Foods, Inc. (NASDAQ:LWAY)

Janus Henderson Group PLC bought a new position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,930 shares of the company’s stock, valued at approximately $221,000. Janus Henderson Group PLC owned 0.06% of Lifeway Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Beryl Capital Management LLC purchased a new position in Lifeway Foods during the 4th quarter worth $3,607,000. TIG Advisors LLC purchased a new position in shares of Lifeway Foods during the fourth quarter valued at $3,512,000. Divisadero Street Capital Management LP purchased a new position in shares of Lifeway Foods during the fourth quarter valued at $2,925,000. JPMorgan Chase & Co. raised its holdings in shares of Lifeway Foods by 712.8% in the fourth quarter. JPMorgan Chase & Co. now owns 85,959 shares of the company’s stock valued at $2,132,000 after acquiring an additional 75,383 shares in the last quarter. Finally, Slotnik Capital LLC purchased a new stake in shares of Lifeway Foods in the 4th quarter worth approximately $1,314,000. Institutional investors own 36.39% of the company’s stock.

Lifeway Foods Trading Up 0.4%

Shares of NASDAQ:LWAY opened at $22.40 on Monday. Lifeway Foods, Inc. has a 12-month low of $10.06 and a 12-month high of $27.29. The business has a 50 day moving average of $23.52 and a two-hundred day moving average of $23.16. The company has a market capitalization of $340.55 million, a PE ratio of 26.05 and a beta of 0.75.

Lifeway Foods (NASDAQ:LWAY) last posted its earnings results on Tuesday, May 13th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The firm had revenue of $46.09 million during the quarter, compared to analysts’ expectations of $48.50 million. Lifeway Foods had a net margin of 7.23% and a return on equity of 19.97%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on Lifeway Foods in a research report on Saturday, May 17th. They set a “hold” rating on the stock.

Insider Transactions at Lifeway Foods

In related news, Director Pol Sikar sold 3,000 shares of Lifeway Foods stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $22.35, for a total value of $67,050.00. Following the sale, the director now directly owns 23,858 shares in the company, valued at approximately $533,226.30. The trade was a 11.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Edward Smolyansky sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $23.23, for a total value of $464,600.00. Following the sale, the insider now owns 1,251,642 shares of the company’s stock, valued at approximately $29,075,643.66. This trade represents a 1.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 119,885 shares of company stock valued at $2,747,096 in the last ninety days. 18.86% of the stock is currently owned by corporate insiders.

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.