Granite Investment Partners LLC reduced its stake in Lifeway Foods, Inc. (NASDAQ:LWAY) by 33.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 100,680 shares of the company’s stock after selling 51,604 shares during the period. Granite Investment Partners LLC owned 0.63% of Lifeway Foods worth $896,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. State Street Corp lifted its stake in Lifeway Foods by 5.1% during the second quarter. State Street Corp now owns 86,730 shares of the company’s stock valued at $811,000 after purchasing an additional 4,203 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Lifeway Foods by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 346,548 shares of the company’s stock valued at $3,237,000 after purchasing an additional 2,715 shares during the last quarter. FMR LLC lifted its stake in Lifeway Foods by 0.9% during the second quarter. FMR LLC now owns 279,939 shares of the company’s stock valued at $2,615,000 after purchasing an additional 2,513 shares during the last quarter. Vanguard Group Inc. lifted its stake in Lifeway Foods by 1.3% during the second quarter. Vanguard Group Inc. now owns 231,997 shares of the company’s stock valued at $2,166,000 after purchasing an additional 3,052 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in Lifeway Foods by 1.3% during the second quarter. Northern Trust Corp now owns 62,380 shares of the company’s stock valued at $582,000 after purchasing an additional 819 shares during the last quarter. 16.38% of the stock is owned by institutional investors.

Separately, Zacks Investment Research raised shares of Lifeway Foods from a “hold” rating to a “strong-buy” rating and set a $9.75 target price for the company in a research note on Thursday, September 7th.

ILLEGAL ACTIVITY WARNING: This article was first reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another publication, it was illegally copied and republished in violation of international copyright and trademark law. The original version of this article can be accessed at https://www.watchlistnews.com/lifeway-foods-inc-lway-shares-sold-by-granite-investment-partners-llc/1721752.html.

Lifeway Foods, Inc. (NASDAQ LWAY) traded down $0.05 during mid-day trading on Thursday, reaching $10.24. 10,900 shares of the company traded hands, compared to its average volume of 14,531. Lifeway Foods, Inc. has a fifty-two week low of $7.20 and a fifty-two week high of $12.97. The firm has a market capitalization of $164.89, a price-to-earnings ratio of 85.75 and a beta of 0.68. The company has a current ratio of 2.06, a quick ratio of 1.46 and a debt-to-equity ratio of 0.07.

Lifeway Foods Company Profile

Lifeway Foods, Inc (Lifeway) is engaged in the manufacturing of probiotic, cultured, functional dairy health food products. The Company is engaged in the sale of fermented dairy products, which are produced and are sold to consumers through a network of distributors and retailers in the United States.

Want to see what other hedge funds are holding LWAY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Lifeway Foods, Inc. (NASDAQ:LWAY).

Institutional Ownership by Quarter for Lifeway Foods (NASDAQ:LWAY)

Receive News & Ratings for Lifeway Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lifeway Foods Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.