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

StockNews.com began coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research note issued to investors on Friday. 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 Performance

Shares of Lifeway Foods stock opened at $22.45 on Friday. Lifeway Foods has a 52 week low of $9.93 and a 52 week high of $28.61. The stock has a 50 day moving average price of $23.77 and a two-hundred day moving average price of $21.09. The stock has a market capitalization of $332.71 million, a PE ratio of 26.10 and a beta of 1.02.

Insiders Place Their Bets

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 10,000 shares of the firm’s 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 transaction, the insider now directly owns 985,549 shares in the company, valued at approximately $22,342,395.83. This trade represents a 1.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 112,034 shares of company stock valued at $2,584,117. Corporate insiders own 18.86% of the company’s stock.

Institutional Trading of Lifeway Foods

Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted its holdings in Lifeway Foods by 7.1% during the second 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 last quarter. Geode Capital Management LLC lifted 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 boosted its stake in shares of Lifeway Foods by 48.5% in the 2nd quarter. Marshall Wace LLP now owns 100,217 shares of the company’s stock worth $1,280,000 after buying an additional 32,742 shares during the last quarter. De Lisle Partners LLP grew 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 increased its position in shares of Lifeway Foods by 56.6% during the second quarter. Bank of New York Mellon Corp now owns 58,589 shares of the company’s stock valued at $748,000 after acquiring an additional 21,168 shares during the last quarter. 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.