26,180 Shares in Lifeway Foods, Inc. (NASDAQ:LWAY) Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. purchased a new stake in shares of Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 26,180 shares of the company's stock, valued at approximately $679,000. Point72 Asset Management L.P. owned 0.18% of Lifeway Foods as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Covestor Ltd bought a new position in Lifeway Foods in the 3rd quarter worth about $50,000. Rhumbline Advisers increased its position in shares of Lifeway Foods by 2,334.0% in the second quarter. Rhumbline Advisers now owns 4,868 shares of the company's stock worth $62,000 after purchasing an additional 4,668 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Lifeway Foods by 71.2% in the third quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company's stock valued at $72,000 after purchasing an additional 1,155 shares in the last quarter. Quest Partners LLC bought a new stake in Lifeway Foods during the second quarter valued at approximately $82,000. Finally, Cutter & CO Brokerage Inc. purchased a new position in Lifeway Foods in the 3rd quarter worth approximately $212,000. 36.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on LWAY. 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 started coverage on Lifeway Foods in a research note on Sunday. They set a "hold" rating for the company.

Lifeway Foods Stock Down 0.9 %

Shares of NASDAQ LWAY traded down $0.21 during midday trading on Thursday, reaching $24.19. The company had a trading volume of 34,719 shares, compared to its average volume of 141,284. The stock has a market cap of $358.40 million, a PE ratio of 28.13 and a beta of 1.01. Lifeway Foods, Inc. has a one year low of $9.93 and a one year high of $28.61. The firm's fifty day moving average price is $25.24 and its 200-day moving average price is $19.28.

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.