State Street Corp Increases Holdings in Lifeway Foods, Inc. (NASDAQ:LWAY)

State Street Corp boosted its position in Lifeway Foods, Inc. (NASDAQ:LWAY) by 28.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,683 shares of the company’s stock after purchasing an additional 12,020 shares during the period. State Street Corp owned about 0.36% of Lifeway Foods worth $1,391,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Covestor Ltd acquired a new stake in Lifeway Foods in the third quarter valued at $50,000. Rhumbline Advisers boosted its position 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 worth $62,000 after buying an additional 4,668 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Lifeway Foods by 71.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock valued at $72,000 after acquiring an additional 1,155 shares during the last quarter. Quest Partners LLC purchased a new position in Lifeway Foods during the 2nd quarter valued at about $82,000. Finally, Cutter & CO Brokerage Inc. acquired a new position in Lifeway Foods during the third quarter worth about $212,000. 36.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Noble Financial lowered shares of Lifeway Foods from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. StockNews.com assumed coverage on Lifeway Foods in a report on Wednesday. They set a “hold” rating on the stock.

Lifeway Foods Trading Down 0.2 %

NASDAQ:LWAY opened at $24.76 on Friday. The firm has a market cap of $366.84 million, a price-to-earnings ratio of 28.79 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. The company’s 50-day moving average is $24.39 and its two-hundred day moving average is $20.31.

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.