Lifeway Foods (NASDAQ:LWAY) Now Covered by StockNews.com

StockNews.com began coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research note issued to investors on Saturday. The brokerage set a “hold” rating on the stock.

Separately, Noble Financial lowered shares of Lifeway Foods from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th.

Lifeway Foods Price Performance

Shares of LWAY stock opened at $24.45 on Friday. The firm has a 50-day moving average of $25.47 and a 200-day moving average of $18.83. Lifeway Foods has a one year low of $9.93 and a one year high of $28.61. The company has a market cap of $362.35 million, a P/E ratio of 28.43 and a beta of 1.05.

Insider Buying and Selling at Lifeway Foods

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 4,584 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $19.55, for a total value of $89,617.20. Following the transaction, the insider now directly owns 1,085,549 shares in the company, valued at $21,222,482.95. The trade was a 0.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 18.86% of the company’s stock.

Institutional Investors Weigh In On Lifeway Foods

Several large investors have recently modified their holdings of the stock. Covestor Ltd purchased a new stake in Lifeway Foods in the 3rd quarter worth about $50,000. Rhumbline Advisers boosted 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 purchasing an additional 4,668 shares during the period. BNP Paribas Financial Markets increased 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 purchasing an additional 1,155 shares in the last quarter. Quest Partners LLC bought a new stake in shares of Lifeway Foods in the second quarter valued at approximately $82,000. Finally, Barclays PLC lifted its stake in shares of Lifeway Foods by 40.5% during the 3rd quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after buying an additional 1,849 shares in the last quarter. Hedge funds and other institutional investors own 36.39% of the company’s stock.

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.