Lifeway Foods (NASDAQ:LWAY) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research report sent to investors on Thursday morning. The brokerage issued a hold rating on the stock.

Lifeway Foods Stock Up 1.4 %

Shares of LWAY opened at $21.20 on Thursday. Lifeway Foods has a 52-week low of $10.06 and a 52-week high of $28.61. The company has a market capitalization of $314.10 million, a PE ratio of 24.65 and a beta of 1.00. The stock has a fifty day simple moving average of $22.48 and a two-hundred day simple moving average of $23.37.

Insiders Place Their Bets

In other news, major shareholder Ludmila Smolyansky sold 15,000 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $24.12, for a total transaction of $361,800.00. Following the completion of the transaction, the insider now directly owns 1,040,549 shares in the company, valued at approximately $25,098,041.88. This represents a 1.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 122,034 shares of company stock valued at $2,797,217 in the last three months. 18.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lifeway Foods

A number of hedge funds have recently modified their holdings of LWAY. Beryl Capital Management LLC purchased a new position in shares of Lifeway Foods during the 4th quarter worth $3,607,000. TIG Advisors LLC purchased a new position in shares of Lifeway Foods during the 4th quarter worth $3,512,000. Divisadero Street Capital Management LP purchased a new position in shares of Lifeway Foods during the 4th quarter worth $2,925,000. JPMorgan Chase & Co. grew its holdings in shares of Lifeway Foods by 712.8% during the 4th quarter. JPMorgan Chase & Co. now owns 85,959 shares of the company’s stock worth $2,132,000 after purchasing an additional 75,383 shares during the period. Finally, Slotnik Capital LLC purchased a new position in shares of Lifeway Foods during the 4th quarter worth $1,314,000. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

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.