20,000 Shares in Lifeway Foods, Inc. (NASDAQ:LWAY) Acquired by Harvest Management LLC

Harvest Management LLC purchased a new position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 20,000 shares of the company’s stock, valued at approximately $518,000. Lifeway Foods accounts for approximately 0.3% of Harvest Management LLC’s holdings, making the stock its 29th largest holding. Harvest Management LLC owned 0.14% of Lifeway Foods as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in LWAY. Covestor Ltd acquired a new position in shares of Lifeway Foods during the 3rd quarter worth $50,000. Rhumbline Advisers raised its position in Lifeway Foods by 2,334.0% in 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. BNP Paribas Financial Markets increased its stake in Lifeway Foods by 71.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock worth $72,000 after buying an additional 1,155 shares during the period. Quest Partners LLC acquired a new stake in shares of Lifeway Foods during the second quarter worth approximately $82,000. Finally, Cutter & CO Brokerage Inc. acquired a new position in shares of Lifeway Foods in the 3rd quarter worth approximately $212,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

Lifeway Foods Price Performance

Shares of NASDAQ:LWAY opened at $24.05 on Tuesday. The company has a market capitalization of $356.42 million, a price-to-earnings ratio of 27.97 and a beta of 1.01. The firm’s 50 day simple moving average is $25.52 and its 200 day simple moving average is $18.86. Lifeway Foods, Inc. has a fifty-two week low of $9.93 and a fifty-two week high of $28.61.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LWAY. StockNews.com assumed coverage on shares of Lifeway Foods in a research report on Saturday. They issued a “hold” rating for the company. Noble Financial downgraded Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th.

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.