JPMorgan Chase & Co. Buys 8,658 Shares of Lifeway Foods, Inc. (NASDAQ:LWAY)

JPMorgan Chase & Co. boosted its stake in Lifeway Foods, Inc. (NASDAQ:LWAY) by 451.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,576 shares of the company’s stock after purchasing an additional 8,658 shares during the period. JPMorgan Chase & Co. owned about 0.07% of Lifeway Foods worth $274,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Barclays PLC increased its holdings in shares of 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 buying an additional 1,849 shares in the last quarter. Geode Capital Management LLC grew its position in Lifeway Foods by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 115,971 shares of the company’s stock worth $3,006,000 after acquiring an additional 2,018 shares during the last quarter. State Street Corp increased its holdings in Lifeway Foods by 28.9% in the 3rd quarter. State Street Corp now owns 53,683 shares of the company’s stock worth $1,391,000 after purchasing an additional 12,020 shares in the last quarter. Point72 Asset Management L.P. bought a new position in Lifeway Foods in the third quarter valued at about $679,000. Finally, Harvest Management LLC bought a new position in Lifeway Foods in the third quarter valued at about $518,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Ludmila Smolyansky sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $22.24, for a total value of $667,200.00. Following the transaction, the insider now owns 995,549 shares in the company, valued at approximately $22,141,009.76. The trade was a 2.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 112,034 shares of company stock valued at $2,584,117. 18.86% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Lifeway Foods in a research note on Saturday, January 25th. They issued a “hold” rating for the company.

Lifeway Foods Stock Performance

Shares of NASDAQ:LWAY opened at $23.56 on Friday. Lifeway Foods, Inc. has a 52 week low of $9.93 and a 52 week high of $28.61. The firm has a market cap of $349.16 million, a PE ratio of 27.40 and a beta of 1.02. The firm’s fifty day moving average is $23.64 and its 200-day moving average is $21.76.

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.