Barclays PLC Has $167,000 Stock Position in Lifeway Foods, Inc. (NASDAQ:LWAY)

Barclays PLC boosted its position in Lifeway Foods, Inc. (NASDAQ:LWAY) by 40.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 6,420 shares of the company’s stock after purchasing an additional 1,849 shares during the period. Barclays PLC’s holdings in Lifeway Foods were worth $167,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of LWAY. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Lifeway Foods in the 3rd quarter valued at about $1,270,000. Los Angeles Capital Management LLC acquired a new stake in Lifeway Foods in the 3rd quarter valued at about $1,237,000. American Century Companies Inc. acquired a new stake in Lifeway Foods in the 2nd quarter valued at about $593,000. Bank of Montreal Can acquired a new stake in Lifeway Foods in the 2nd quarter valued at about $432,000. Finally, Marshall Wace LLP lifted its position in Lifeway Foods by 48.5% during the second quarter. Marshall Wace LLP now owns 100,217 shares of the company’s stock worth $1,280,000 after acquiring an additional 32,742 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Lifeway Foods in a research report on Friday, January 17th. They set a “hold” rating for the company.

Lifeway Foods Stock Up 0.8 %

Shares of LWAY stock opened at $23.12 on Thursday. The firm has a 50 day moving average price of $23.71 and a two-hundred day moving average price of $21.35. The company has a market capitalization of $342.64 million, a PE ratio of 26.88 and a beta of 1.02. Lifeway Foods, Inc. has a 12-month low of $9.93 and a 12-month high of $28.61.

Insiders Place Their Bets

In related news, major shareholder Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $22.67, for a total value of $226,700.00. Following the transaction, the insider now directly owns 985,549 shares of the company’s stock, valued at $22,342,395.83. This trade represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 112,034 shares of company stock worth $2,584,117 over the last three months. Insiders own 18.86% of the company’s stock.

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.