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

StockNews.com initiated coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a report released on Friday morning. The brokerage issued a hold rating on the stock.

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

Lifeway Foods Stock Up 0.3 %

LWAY opened at $24.26 on Friday. The company has a market capitalization of $359.53 million, a price-to-earnings ratio of 28.21 and a beta of 1.05. The firm has a 50-day moving average price of $25.15 and a 200-day moving average price of $18.97. Lifeway Foods has a twelve month low of $9.93 and a twelve month high of $28.61.

Insider Activity

In related news, major shareholder Ludmila Smolyansky sold 4,584 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $19.55, for a total value of $89,617.20. Following the sale, the insider now owns 1,085,549 shares in the company, valued at approximately $21,222,482.95. This trade represents a 0.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 18.86% of the stock is owned by company insiders.

Hedge Funds Weigh In On Lifeway Foods

A number of institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd bought a new position in shares of Lifeway Foods in the third quarter worth approximately $50,000. Rhumbline Advisers increased its holdings in shares of Lifeway Foods by 2,334.0% in the 2nd quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock worth $62,000 after buying an additional 4,668 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Lifeway Foods by 71.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock worth $72,000 after acquiring an additional 1,155 shares during the last quarter. Quest Partners LLC purchased a new position in Lifeway Foods in the second quarter worth $82,000. Finally, Barclays PLC increased its stake in Lifeway Foods by 40.5% in the third quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after acquiring an additional 1,849 shares during the last quarter. 36.39% of the stock is currently owned by 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.