Lifeway Foods (NASDAQ:LWAY) Earns Hold Rating from Analysts at StockNews.com

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

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

Lifeway Foods Price Performance

Lifeway Foods stock opened at $23.53 on Monday. The stock has a market capitalization of $348.62 million, a PE ratio of 27.36 and a beta of 1.01. Lifeway Foods has a 12-month low of $9.93 and a 12-month high of $28.61. The firm has a 50 day simple moving average of $25.11 and a 200-day simple moving average of $19.52.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings in shares of Lifeway Foods by 7.1% in the 2nd quarter. Renaissance Technologies LLC now owns 454,682 shares of the company’s stock valued at $5,806,000 after acquiring an additional 30,000 shares in the last quarter. Geode Capital Management LLC raised its position 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 valued at $3,006,000 after purchasing an additional 2,018 shares during the period. Marshall Wace LLP grew its position in shares of Lifeway Foods by 48.5% in the second quarter. Marshall Wace LLP now owns 100,217 shares of the company’s stock valued at $1,280,000 after purchasing an additional 32,742 shares during the last quarter. De Lisle Partners LLP lifted its holdings in Lifeway Foods by 30.7% during the 3rd quarter. De Lisle Partners LLP now owns 59,782 shares of the company’s stock worth $1,552,000 after purchasing an additional 14,051 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in Lifeway Foods by 56.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 58,589 shares of the company’s stock worth $748,000 after purchasing an additional 21,168 shares in the last quarter. 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.