Harbour Capital Advisors LLC Cuts Stake in Lifeway Foods, Inc. (NASDAQ:LWAY)

Harbour Capital Advisors LLC lessened its holdings in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,487 shares of the company’s stock after selling 525 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Lifeway Foods were worth $348,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LWAY. Covestor Ltd bought a new stake in shares of Lifeway Foods during the third quarter valued at approximately $50,000. Rhumbline Advisers increased its holdings in Lifeway Foods by 2,334.0% in the 2nd quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock valued at $62,000 after acquiring an additional 4,668 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Lifeway Foods by 71.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock worth $72,000 after purchasing an additional 1,155 shares in the last quarter. Quest Partners LLC bought a new position in shares of Lifeway Foods during the 2nd quarter valued at about $82,000. Finally, Barclays PLC grew its position in shares of Lifeway Foods by 40.5% during 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 in the last quarter. 36.39% of the stock is currently owned by institutional investors.

Insider Activity

In related news, major shareholder Ludmila Smolyansky sold 15,000 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $24.12, for a total transaction of $361,800.00. Following the transaction, the insider now directly owns 1,040,549 shares in the company, valued at approximately $25,098,041.88. This represents a 1.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 18.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Noble Financial downgraded 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 Thursday, January 9th. They set a “hold” rating on the stock.

Lifeway Foods Trading Down 1.2 %

Shares of NASDAQ:LWAY opened at $22.17 on Tuesday. The company has a market cap of $328.47 million, a price-to-earnings ratio of 25.78 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. The company has a 50-day moving average price of $23.95 and a 200 day moving average price of $20.93.

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.