Lifeway Foods (NASDAQ:LWAY) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research report report published on Tuesday. The firm issued a hold rating on the stock.

Lifeway Foods Trading Down 0.2 %

Shares of LWAY stock opened at $22.17 on Tuesday. Lifeway Foods has a 1 year low of $9.93 and a 1 year high of $28.61. The firm’s 50 day moving average is $22.98 and its 200-day moving average is $22.83. The firm has a market capitalization of $328.57 million, a price-to-earnings ratio of 25.78 and a beta of 1.01.

Insider Buying and Selling

In related news, major shareholder Ludmila Smolyansky sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $23.49, for a total transaction of $1,057,050.00. Following the completion of the sale, the insider now directly owns 1,025,549 shares of the company’s stock, valued at $24,090,146.01. The trade was a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 122,034 shares of company stock valued at $2,797,217 over the last ninety days. Insiders own 18.86% of the company’s stock.

Institutional Investors Weigh In On Lifeway Foods

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sagefield Capital LP bought a new stake in Lifeway Foods in the fourth quarter valued at approximately $211,000. Lazard Asset Management LLC lifted its stake in Lifeway Foods by 12.1% in the fourth quarter. Lazard Asset Management LLC now owns 14,826 shares of the company’s stock valued at $367,000 after acquiring an additional 1,605 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Lifeway Foods in the fourth quarter valued at about $221,000. Divisadero Street Capital Management LP bought a new position in shares of Lifeway Foods in the fourth quarter valued at about $2,925,000. Finally, Beryl Capital Management LLC bought a new position in shares of Lifeway Foods in the fourth quarter valued at about $3,607,000. 36.39% of the stock is 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.