Lifeway Foods, Inc. (NASDAQ:LWAY) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,971 shares of the company’s stock after purchasing an additional 2,018 shares during the period. Geode Capital Management LLC owned 0.78% of Lifeway Foods worth $3,006,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LWAY. Covestor Ltd acquired a new stake in shares of Lifeway Foods during the third quarter worth about $50,000. Rhumbline Advisers lifted its position in Lifeway Foods by 2,334.0% during the 2nd 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 period. BNP Paribas Financial Markets lifted its position in Lifeway Foods by 71.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock worth $72,000 after acquiring an additional 1,155 shares during the period. Quest Partners LLC purchased a new position in shares of Lifeway Foods in the 2nd quarter valued at approximately $82,000. Finally, Barclays PLC increased its holdings in shares of Lifeway Foods by 40.5% in the third quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after purchasing an additional 1,849 shares during the period. 36.39% of the stock is owned by hedge funds and other institutional investors.

Lifeway Foods Price Performance

LWAY opened at $23.22 on Tuesday. Lifeway Foods, Inc. has a 12 month low of $9.93 and a 12 month high of $28.61. The stock has a market capitalization of $344.03 million, a P/E ratio of 27.00 and a beta of 1.02. The business has a 50 day simple moving average of $24.28 and a 200-day simple moving average of $20.57.

Analyst Ratings Changes

LWAY has been the subject of several recent research reports. StockNews.com started coverage on Lifeway Foods in a report on Wednesday, January 1st. They set a “hold” rating for the company. Noble Financial cut shares of Lifeway Foods from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th.

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.