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

Analysts at StockNews.com started coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research report issued to clients and investors on Friday. The firm set 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 research note on Tuesday, September 24th.

Lifeway Foods Trading Up 0.3 %

Shares of LWAY stock opened at $24.26 on Friday. The company has a market capitalization of $359.53 million, a P/E ratio of 28.21 and a beta of 1.05. The business’s 50 day moving average is $25.20 and its two-hundred day moving average is $18.97. Lifeway Foods has a twelve month low of $9.93 and a twelve month high of $28.61.

Insider Transactions at Lifeway Foods

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 15,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $18.19, for a total value of $272,850.00. Following the completion of the transaction, the insider now owns 1,110,133 shares in the company, valued at approximately $20,193,319.27. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 18.86% of the company’s stock.

Hedge Funds Weigh In On Lifeway Foods

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd acquired a new stake in shares of Lifeway Foods in the third quarter valued at about $50,000. Rhumbline Advisers increased its holdings in Lifeway Foods by 2,334.0% in the second quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock valued at $62,000 after buying an additional 4,668 shares in the last quarter. BNP Paribas Financial Markets lifted its position 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 valued at $72,000 after acquiring an additional 1,155 shares during the period. Quest Partners LLC purchased a new stake in shares of Lifeway Foods during the 2nd quarter worth approximately $82,000. Finally, Barclays PLC grew its holdings in shares of Lifeway Foods by 40.5% in the 3rd quarter. Barclays PLC now owns 6,420 shares of the company’s stock worth $167,000 after acquiring an additional 1,849 shares during the period. 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.