Harbour Capital Advisors LLC Sells 525 Shares of Lifeway Foods, Inc. (NASDAQ:LWAY)

Harbour Capital Advisors LLC reduced its position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) by 3.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,487 shares of the company’s stock after selling 525 shares during the quarter. Harbour Capital Advisors LLC owned 0.10% of Lifeway Foods worth $348,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LWAY. Renaissance Technologies LLC increased its position in shares of Lifeway Foods by 7.1% during the second quarter. Renaissance Technologies LLC now owns 454,682 shares of the company’s stock valued at $5,806,000 after acquiring an additional 30,000 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Lifeway Foods by 1.8% in the third quarter. Geode Capital Management LLC now owns 115,971 shares of the company’s stock worth $3,006,000 after purchasing an additional 2,018 shares during the last quarter. Marshall Wace LLP lifted its holdings 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 purchasing an additional 32,742 shares in the last quarter. De Lisle Partners LLP lifted its holdings in shares of Lifeway Foods by 30.7% during the third quarter. De Lisle Partners LLP now owns 59,782 shares of the company’s stock valued at $1,552,000 after purchasing an additional 14,051 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Lifeway Foods by 56.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 58,589 shares of the company’s stock worth $748,000 after buying an additional 21,168 shares in the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

Lifeway Foods Trading Down 1.2 %

Shares of NASDAQ LWAY opened at $22.17 on Tuesday. Lifeway Foods, Inc. has a 12-month low of $9.93 and a 12-month high of $28.61. The firm has a market capitalization of $328.47 million, a price-to-earnings ratio of 25.78 and a beta of 1.02. The firm has a 50 day moving average of $23.95 and a 200 day moving average of $20.93.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Lifeway Foods in a report on Thursday, January 9th. They set a “hold” rating on the stock. Noble Financial cut shares of Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th.

Insider Transactions at Lifeway Foods

In related news, major shareholder Ludmila Smolyansky sold 45,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.49, for a total value of $1,057,050.00. Following the completion of the sale, the insider now directly owns 1,025,549 shares of the company’s stock, valued at approximately $24,090,146.01. This represents a 4.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 18.86% of the stock is currently owned by company insiders.

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.