Geode Capital Management LLC Grows Stake in Lifeway Foods, Inc. (NASDAQ:LWAY)

Geode Capital Management LLC boosted its position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) by 1.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 115,971 shares of the company’s stock after purchasing an additional 2,018 shares during the quarter. Geode Capital Management LLC’s holdings in Lifeway Foods were worth $3,006,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Point72 Asset Management L.P. acquired a new position in shares of Lifeway Foods during the 3rd quarter worth $679,000. Los Angeles Capital Management LLC acquired a new position in Lifeway Foods during the third quarter worth about $1,237,000. Acadian Asset Management LLC lifted its holdings in shares of Lifeway Foods by 184.0% in the second quarter. Acadian Asset Management LLC now owns 46,184 shares of the company’s stock valued at $589,000 after purchasing an additional 29,922 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in shares of Lifeway Foods in the second quarter valued at approximately $539,000. Finally, American Century Companies Inc. acquired a new stake in shares of Lifeway Foods in the second quarter valued at approximately $593,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

Analyst Ratings Changes

LWAY has been the topic of a number of recent research reports. Noble Financial lowered Lifeway Foods from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. StockNews.com began coverage on Lifeway Foods in a research report on Wednesday, January 1st. They issued a “hold” rating on the stock.

Lifeway Foods Price Performance

Shares of NASDAQ LWAY opened at $23.22 on Tuesday. The company has a 50-day simple moving average of $24.28 and a 200-day simple moving average of $20.57. The company has a market cap of $344.03 million, a PE ratio of 27.00 and a beta of 1.02. Lifeway Foods, Inc. has a 12 month low of $9.93 and a 12 month high of $28.61.

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.