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

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

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

Lifeway Foods Trading Down 2.4 %

Lifeway Foods stock opened at $22.45 on Thursday. The firm has a market capitalization of $332.62 million, a PE ratio of 26.10 and a beta of 1.02. Lifeway Foods has a 12-month low of $9.93 and a 12-month high of $28.61. The firm has a 50-day moving average price of $24.00 and a 200-day moving average price of $20.80.

Insider Buying and Selling

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 45,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 1,025,549 shares in the company, valued at $24,090,146.01. This represents a 4.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 18.86% of the stock is currently owned by insiders.

Institutional Trading of Lifeway Foods

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

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.