De Lisle Partners LLP Has $1.55 Million Stock Position in Lifeway Foods, Inc. (NASDAQ:LWAY)

De Lisle Partners LLP lifted its holdings in Lifeway Foods, Inc. (NASDAQ:LWAY) by 30.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 59,782 shares of the company’s stock after acquiring an additional 14,051 shares during the quarter. De Lisle Partners LLP’s holdings in Lifeway Foods were worth $1,552,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Covestor Ltd bought a new stake in Lifeway Foods in the 3rd quarter valued at about $50,000. BNP Paribas Financial Markets boosted 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 valued at $72,000 after buying an additional 1,155 shares during the period. Rhumbline Advisers grew its position in Lifeway Foods by 2,334.0% during the second quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock worth $62,000 after buying an additional 4,668 shares in the last quarter. Quest Partners LLC bought a new position in Lifeway Foods during the 2nd quarter worth $82,000. Finally, Cutter & CO Brokerage Inc. acquired a new position in Lifeway Foods in the 3rd quarter valued at $212,000. 36.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LWAY has been the topic of several analyst reports. Noble Financial lowered Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th. StockNews.com started coverage on shares of Lifeway Foods in a research report on Friday, November 22nd. They issued a “hold” rating for the company.

Insiders Place Their Bets

In related news, major shareholder Ludmila Smolyansky sold 4,584 shares of Lifeway Foods stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $19.55, for a total transaction of $89,617.20. Following the sale, the insider now directly owns 1,085,549 shares of the company’s stock, valued at approximately $21,222,482.95. The trade was a 0.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 18.86% of the company’s stock.

Lifeway Foods Stock Performance

Shares of LWAY opened at $24.81 on Thursday. Lifeway Foods, Inc. has a 52-week low of $9.93 and a 52-week high of $28.61. The firm has a market cap of $367.68 million, a price-to-earnings ratio of 28.85 and a beta of 1.05. The business’s fifty day moving average is $25.34 and its 200-day moving average is $18.87.

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.