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

StockNews.com assumed coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research report sent to investors on Saturday 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 report on Tuesday, September 24th.

Lifeway Foods Stock Down 1.6 %

NASDAQ LWAY opened at $24.05 on Friday. The company has a 50-day moving average price of $25.52 and a 200-day moving average price of $18.86. Lifeway Foods has a 52 week low of $9.93 and a 52 week high of $28.61. The firm has a market capitalization of $356.42 million, a P/E ratio of 27.97 and a beta of 1.05.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LWAY. Barclays PLC lifted its position in shares of Lifeway Foods by 40.5% during the 3rd quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after buying an additional 1,849 shares in the last quarter. Geode Capital Management LLC raised its stake in Lifeway Foods by 1.8% during the 3rd 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. State Street Corp lifted its holdings in Lifeway Foods by 28.9% during the third quarter. State Street Corp now owns 53,683 shares of the company’s stock valued at $1,391,000 after purchasing an additional 12,020 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Lifeway Foods in the third quarter worth approximately $679,000. Finally, Harvest Management LLC purchased a new stake in shares of Lifeway Foods in the third quarter worth $518,000. Institutional investors 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.