American Century Companies Inc. Lowers Holdings in Lifeway Foods, Inc. $LWAY

American Century Companies Inc. decreased its holdings in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) by 6.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,586 shares of the company’s stock after selling 4,716 shares during the quarter. American Century Companies Inc. owned about 0.42% of Lifeway Foods worth $1,579,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Boston Partners grew its holdings in shares of Lifeway Foods by 4.0% during the 1st quarter. Boston Partners now owns 46,804 shares of the company’s stock worth $1,144,000 after purchasing an additional 1,804 shares during the period. Deutsche Bank AG acquired a new position in Lifeway Foods in the first quarter valued at about $78,000. JBF Capital Inc. acquired a new position in Lifeway Foods in the first quarter valued at about $672,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Lifeway Foods during the first quarter worth about $221,000. Finally, Towerview LLC increased its position in shares of Lifeway Foods by 107.1% during the first quarter. Towerview LLC now owns 72,500 shares of the company’s stock valued at $1,773,000 after acquiring an additional 37,500 shares during the last quarter. Institutional investors and hedge funds own 36.39% of the company’s stock.

Insider Transactions at Lifeway Foods

In other Lifeway Foods news, Director Jason Scott Scher sold 16,366 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $24.24, for a total transaction of $396,711.84. Following the completion of the transaction, the director owned 1 shares in the company, valued at $24.24. The trade was a 99.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 18.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LWAY shares. Lake Street Capital boosted their price target on shares of Lifeway Foods from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, August 13th. Wall Street Zen upgraded shares of Lifeway Foods from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Lifeway Foods currently has an average rating of “Moderate Buy” and a consensus target price of $33.00.

Lifeway Foods Trading Down 2.3%

NASDAQ:LWAY opened at $29.77 on Wednesday. Lifeway Foods, Inc. has a 12-month low of $18.92 and a 12-month high of $32.19. The firm has a market cap of $453.40 million, a PE ratio of 43.15 and a beta of 0.46. The stock has a fifty day moving average price of $27.16 and a 200 day moving average price of $24.54.

Lifeway Foods (NASDAQ:LWAY) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.10. The company had revenue of $53.90 million for the quarter, compared to the consensus estimate of $54.00 million. Lifeway Foods had a return on equity of 14.32% and a net margin of 5.49%.

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.