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

by · The Markets Daily

Equities research analysts at StockNews.com assumed coverage on shares of Lifeway Foods (NASDAQ:LWAY – Get Free Report) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the stock.

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

View Our Latest Report on Lifeway Foods

Lifeway Foods Stock Down 0.2 %

NASDAQ LWAY opened at $24.76 on Wednesday. Lifeway Foods has a 12-month low of $9.93 and a 12-month high of $28.61. The firm has a 50-day moving average price of $24.39 and a two-hundred day moving average price of $20.31. The company has a market capitalization of $366.84 million, a P/E ratio of 28.79 and a beta of 1.01.

Hedge Funds Weigh In On Lifeway Foods

Several hedge funds and other institutional investors have recently modified their holdings of LWAY. Renaissance Technologies LLC boosted its stake in Lifeway Foods by 7.1% in the second quarter. Renaissance Technologies LLC now owns 454,682 shares of the company’s stock valued at $5,806,000 after buying an additional 30,000 shares in the last quarter. Geode Capital Management LLC lifted its stake in Lifeway Foods by 1.8% in the 3rd 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. Marshall Wace LLP lifted its stake in Lifeway Foods by 48.5% in the 2nd 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 boosted its position in Lifeway Foods by 30.7% in the third quarter. De Lisle Partners LLP now owns 59,782 shares of the company’s stock valued at $1,552,000 after buying an additional 14,051 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Lifeway Foods by 56.6% during the second quarter. Bank of New York Mellon Corp now owns 58,589 shares of the company’s stock worth $748,000 after buying an additional 21,168 shares during the last quarter. Institutional investors own 36.39% of the company’s stock.

About Lifeway Foods

(Get Free Report)

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.

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