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

Investment analysts at StockNews.com started coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a report issued on Tuesday. 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 report on Tuesday, September 24th.

Lifeway Foods Stock Up 0.1 %

Shares of NASDAQ LWAY opened at $22.91 on Tuesday. The stock has a market capitalization of $339.53 million, a price-to-earnings ratio of 26.64 and a beta of 1.01. Lifeway Foods has a 52 week low of $9.93 and a 52 week high of $28.61. The firm has a 50-day moving average price of $24.83 and a 200 day moving average price of $19.80.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LWAY. Bank of New York Mellon Corp increased its holdings in Lifeway Foods by 56.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 58,589 shares of the company’s stock valued at $748,000 after acquiring an additional 21,168 shares in the last quarter. Bailard Inc. acquired a new stake in Lifeway Foods during the 2nd quarter valued at $253,000. Panagora Asset Management Inc. acquired a new position in shares of Lifeway Foods in the second quarter worth $267,000. Rhumbline Advisers raised its holdings in shares of Lifeway Foods by 2,334.0% in the second quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock worth $62,000 after acquiring an additional 4,668 shares during the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of Lifeway Foods by 184.0% in the second quarter. Acadian Asset Management LLC now owns 46,184 shares of the company’s stock valued at $589,000 after acquiring an additional 29,922 shares in 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.