Lifeway Foods (NASDAQ:LWAY) Now Covered by StockNews.com

StockNews.com started coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research report sent to investors on Monday. The firm issued a hold rating on the stock.

Separately, Noble Financial lowered Lifeway Foods from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th.

Lifeway Foods Stock Down 0.0 %

Shares of NASDAQ:LWAY opened at $24.44 on Monday. The company has a market capitalization of $362.10 million, a P/E ratio of 28.56 and a beta of 1.01. The stock’s fifty day simple moving average is $25.19 and its 200-day simple moving average is $19.40. Lifeway Foods has a 52-week low of $9.93 and a 52-week high of $28.61.

Institutional Investors Weigh In On Lifeway Foods

Several large investors have recently made changes to their positions in the business. Barclays PLC boosted its holdings in Lifeway Foods by 40.5% in the 3rd quarter. Barclays PLC now owns 6,420 shares of the company’s stock worth $167,000 after acquiring an additional 1,849 shares during the period. Geode Capital Management LLC increased its stake in Lifeway Foods by 1.8% during the third quarter. Geode Capital Management LLC now owns 115,971 shares of the company’s stock valued at $3,006,000 after purchasing an additional 2,018 shares during the last quarter. State Street Corp raised its stake in Lifeway Foods by 28.9% during the third quarter. State Street Corp now owns 53,683 shares of the company’s stock worth $1,391,000 after acquiring an additional 12,020 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Lifeway Foods in the 3rd quarter worth approximately $679,000. Finally, Harvest Management LLC acquired a new position in shares of Lifeway Foods during the third quarter valued at $518,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

Lifeway Foods Company 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.