Charles Schwab Investment Management Inc. Has $335,000 Stock Position in Lifeway Foods, Inc. (NASDAQ:LWAY)

Charles Schwab Investment Management Inc. reduced its stake in Lifeway Foods, Inc. (NASDAQ:LWAY) by 24.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,908 shares of the company’s stock after selling 4,200 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.09% of Lifeway Foods worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Covestor Ltd bought a new stake in Lifeway Foods in the third quarter valued at $50,000. Rhumbline Advisers boosted its stake in shares of Lifeway Foods by 2,334.0% in the 2nd quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock valued at $62,000 after purchasing an additional 4,668 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Lifeway Foods in the 2nd quarter worth about $82,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of Lifeway Foods during the 3rd quarter worth about $212,000. Finally, Bailard Inc. bought a new position in Lifeway Foods during the 2nd quarter valued at about $253,000. 36.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on LWAY shares. StockNews.com started coverage on shares of Lifeway Foods in a research note on Monday. They set a “hold” rating on the stock. Noble Financial downgraded Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th.

Lifeway Foods Stock Down 2.7 %

Lifeway Foods stock opened at $22.90 on Friday. The stock has a 50-day simple moving average of $24.97 and a 200 day simple moving average of $19.57. The stock has a market capitalization of $339.29 million, a price-to-earnings ratio of 26.63 and a beta of 1.01. Lifeway Foods, Inc. has a 12-month low of $9.93 and a 12-month high of $28.61.

Lifeway Foods 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.