StockNews.com Begins Coverage on Lifeway Foods (NASDAQ:LWAY)

StockNews.com assumed coverage on shares of Lifeway Foods (NASDAQ:LWAY - Free Report) in a report issued on Monday. The brokerage issued a hold rating on the stock.

Separately, Noble Financial lowered Lifeway Foods from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 24th.

Lifeway Foods Price Performance

Shares of LWAY traded down $0.01 during trading hours on Monday, hitting $24.44. The stock had a trading volume of 31,991 shares, compared to its average volume of 140,512. Lifeway Foods has a 12 month low of $9.93 and a 12 month high of $28.61. The firm has a market capitalization of $362.10 million, a PE ratio of 28.56 and a beta of 1.01. The stock has a fifty day moving average price of $25.19 and a 200 day moving average price of $19.40.

Institutional Trading of Lifeway Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in shares of Lifeway Foods by 7.1% in the 2nd quarter. Renaissance Technologies LLC now owns 454,682 shares of the company's stock worth $5,806,000 after acquiring an additional 30,000 shares during the last quarter. Geode Capital Management LLC raised its position in Lifeway Foods by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 115,971 shares of the company's stock valued at $3,006,000 after purchasing an additional 2,018 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of Lifeway Foods by 48.5% in the 2nd quarter. Marshall Wace LLP now owns 100,217 shares of the company's stock valued at $1,280,000 after buying an additional 32,742 shares during the period. De Lisle Partners LLP grew its holdings in Lifeway Foods by 30.7% during the 3rd quarter. De Lisle Partners LLP now owns 59,782 shares of the company's stock worth $1,552,000 after acquiring an additional 14,051 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Lifeway Foods by 56.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 58,589 shares of the company's stock valued at $748,000 after purchasing an additional 21,168 shares during 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.