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

StockNews.com began coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a report issued on Monday morning. The firm issued a hold rating on the stock.

Lifeway Foods Trading Up 0.6 %

Shares of LWAY opened at $21.61 on Monday. The firm has a market cap of $320.26 million, a P/E ratio of 25.13 and a beta of 1.01. Lifeway Foods has a 12-month low of $9.93 and a 12-month high of $28.61. The company’s 50-day moving average price is $23.26 and its 200 day moving average price is $22.47.

Insider Buying and Selling at Lifeway Foods

In related news, major shareholder Ludmila Smolyansky sold 10,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $22.67, for a total transaction of $226,700.00. Following the sale, the insider now owns 985,549 shares of the company’s stock, valued at $22,342,395.83. This trade represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 112,034 shares of company stock worth $2,584,117. 18.86% of the stock is owned by insiders.

Hedge Funds Weigh In On Lifeway Foods

Several hedge funds and other institutional investors have recently modified their holdings of LWAY. Covestor Ltd acquired a new position in Lifeway Foods during the 3rd quarter worth approximately $50,000. BNP Paribas Financial Markets increased its holdings in 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 purchasing an additional 1,155 shares during the last quarter. Rhumbline Advisers increased its holdings in Lifeway Foods by 23.3% during the 4th quarter. Rhumbline Advisers now owns 5,606 shares of the company’s stock worth $139,000 after purchasing an additional 1,059 shares during the last quarter. Barclays PLC increased its holdings in Lifeway Foods by 40.5% during the 3rd quarter. Barclays PLC now owns 6,420 shares of the company’s stock worth $167,000 after purchasing an additional 1,849 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. purchased a new stake in Lifeway Foods during the 3rd quarter worth approximately $212,000. 36.39% of the stock is owned by institutional investors and hedge funds.

About Lifeway Foods

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.