Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Lifeway Foods, Inc. (NASDAQ:LWAY)

Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund bought 49,015 shares of the company's stock, valued at approximately $1,270,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.33% of Lifeway Foods as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in LWAY. Covestor Ltd acquired a new position in shares of Lifeway Foods during the 3rd quarter worth about $50,000. Rhumbline Advisers grew its holdings in Lifeway Foods by 2,334.0% during the second quarter. Rhumbline Advisers now owns 4,868 shares of the company's stock valued at $62,000 after purchasing an additional 4,668 shares during the period. Quest Partners LLC bought a new stake in Lifeway Foods in the second quarter valued at approximately $82,000. Cutter & CO Brokerage Inc. acquired a new stake in Lifeway Foods in the third quarter worth $212,000. Finally, Harbour Capital Advisors LLC bought a new position in shares of Lifeway Foods during the third quarter worth $398,000. 36.39% of the stock is currently owned by institutional investors.

Insider Transactions at Lifeway Foods

In other news, major shareholder Ludmila Smolyansky sold 4,584 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $19.55, for a total value of $89,617.20. Following the sale, the insider now owns 1,085,549 shares of the company's stock, valued at $21,222,482.95. The trade was a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 18.86% of the stock is owned by insiders.

Lifeway Foods Stock Up 1.9 %

Shares of NASDAQ:LWAY opened at $24.57 on Wednesday. The firm has a market cap of $364.13 million, a price-to-earnings ratio of 28.57 and a beta of 1.05. Lifeway Foods, Inc. has a 12 month low of $9.93 and a 12 month high of $28.61. The company's fifty day simple moving average is $25.29 and its 200 day simple moving average is $18.83.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LWAY shares. Noble Financial cut 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 Friday, November 22nd. They set a "hold" rating on the 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.