Lifeway Foods (NASDAQ:LWAY) Coverage Initiated at StockNews.com

StockNews.com began coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a report released on Wednesday morning. The brokerage issued a hold rating on the stock.

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

Lifeway Foods Stock Performance

Shares of NASDAQ LWAY opened at $24.01 on Wednesday. The stock has a market capitalization of $355.73 million, a P/E ratio of 27.92 and a beta of 1.02. The stock’s fifty day moving average is $24.35 and its 200 day moving average is $20.39. 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

Hedge funds have recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in Lifeway Foods by 71.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock worth $72,000 after acquiring an additional 1,155 shares during the last quarter. Barclays PLC raised its position in Lifeway Foods by 40.5% during the 3rd quarter. Barclays PLC now owns 6,420 shares of the company’s stock worth $167,000 after purchasing an additional 1,849 shares during the last quarter. Covestor Ltd acquired a new stake in shares of Lifeway Foods in the third quarter valued at about $50,000. Geode Capital Management LLC lifted its stake in shares of Lifeway Foods by 1.8% in the third 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 period. Finally, Rhumbline Advisers boosted its holdings in Lifeway Foods by 2,334.0% in the second quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock valued at $62,000 after acquiring an additional 4,668 shares during the last quarter. Institutional investors and hedge funds own 36.39% of the company’s stock.

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.