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

Research analysts at StockNews.com assumed coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research note issued to investors on Sunday. The firm set a “hold” rating on the stock.

Separately, Noble Financial downgraded Lifeway Foods from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th.

Lifeway Foods Stock Down 3.3 %

Shares of LWAY opened at $23.79 on Friday. Lifeway Foods has a 52-week low of $9.93 and a 52-week high of $28.61. The company has a market capitalization of $352.57 million, a PE ratio of 27.66 and a beta of 1.01. The company has a 50-day simple moving average of $25.36 and a 200-day simple moving average of $19.15.

Institutional Trading of Lifeway Foods

Large investors have recently modified their holdings of the business. Los Angeles Capital Management LLC acquired a new position in shares of Lifeway Foods during the 3rd quarter worth approximately $1,237,000. Acadian Asset Management LLC raised its holdings in shares of Lifeway Foods by 184.0% in the second quarter. Acadian Asset Management LLC now owns 46,184 shares of the company’s stock worth $589,000 after acquiring an additional 29,922 shares during the last quarter. Cornercap Investment Counsel Inc. purchased a new stake in shares of Lifeway Foods in the second quarter valued at $539,000. American Century Companies Inc. purchased a new stake in shares of Lifeway Foods in the second quarter valued at $593,000. Finally, Marshall Wace LLP boosted its stake in shares of Lifeway Foods by 48.5% during the second quarter. Marshall Wace LLP now owns 100,217 shares of the company’s stock valued at $1,280,000 after acquiring an additional 32,742 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Lifeway Foods Company 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.