Harvest Management LLC Buys Shares of 20,000 Lifeway Foods, Inc. (NASDAQ:LWAY)

Harvest Management LLC bought a new stake in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,000 shares of the company’s stock, valued at approximately $518,000. Lifeway Foods makes up about 0.3% of Harvest Management LLC’s holdings, making the stock its 29th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Covestor Ltd bought a new position in Lifeway Foods during the 3rd quarter worth approximately $50,000. BNP Paribas Financial Markets lifted its stake in shares of Lifeway Foods by 71.2% in the third 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 in the last quarter. Rhumbline Advisers raised its position in Lifeway Foods by 2,334.0% in the 2nd quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock worth $62,000 after buying an additional 4,668 shares during the last quarter. Quest Partners LLC purchased a new stake in Lifeway Foods during the second quarter valued at $82,000. Finally, Cutter & CO Brokerage Inc. bought a new stake in shares of Lifeway Foods during the 3rd quarter valued at $212,000. 36.39% of the stock is currently owned by institutional investors.

Lifeway Foods Trading Down 1.6 %

NASDAQ LWAY opened at $24.05 on Tuesday. The stock has a market cap of $356.42 million, a PE ratio of 27.97 and a beta of 1.01. Lifeway Foods, Inc. has a twelve month low of $9.93 and a twelve month high of $28.61. The stock has a fifty day simple moving average of $25.52 and a 200-day simple moving average of $18.86.

Wall Street Analyst Weigh In

Several research analysts have commented on LWAY shares. Noble Financial downgraded shares of Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. StockNews.com initiated coverage on Lifeway Foods in a research note on Saturday. They issued a “hold” rating on the stock.

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.