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 sent to investors on Thursday morning. The brokerage issued 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 Stock Up 5.2 %

LWAY opened at $23.56 on Thursday. Lifeway Foods has a 52 week low of $9.93 and a 52 week high of $28.61. The company has a market capitalization of $348.45 million, a P/E ratio of 27.40 and a beta of 1.05. The stock’s fifty day moving average is $24.88 and its two-hundred day moving average is $18.91.

Insider Transactions at Lifeway Foods

In related news, major shareholder Ludmila Smolyansky sold 4,584 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $19.55, for a total transaction of $89,617.20. Following the transaction, the insider now directly owns 1,085,549 shares of the company’s stock, valued at $21,222,482.95. This represents a 0.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 18.86% of the company’s stock.

Institutional Investors Weigh In On Lifeway Foods

Several institutional investors have recently added to or reduced their stakes in LWAY. BNP Paribas Financial Markets raised its position in shares of Lifeway Foods by 71.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock valued at $72,000 after purchasing an additional 1,155 shares during the last quarter. Barclays PLC increased its stake in 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 purchasing an additional 1,849 shares in the last quarter. Covestor Ltd acquired a new position in Lifeway Foods during the 3rd quarter valued at approximately $50,000. Geode Capital Management LLC raised its holdings in shares of Lifeway Foods by 1.8% in the third 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 during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of 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 buying an additional 4,668 shares during the period. Institutional investors and hedge funds 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.