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

StockNews.com started coverage on shares of Lifeway Foods (NASDAQ:LWAYFree Report) in a research note issued to investors on Sunday. The firm issued a hold rating on the stock.

Lifeway Foods Stock Down 0.5 %

Shares of LWAY stock opened at $22.82 on Friday. The company has a market capitalization of $338.19 million, a P/E ratio of 26.53 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 firm has a 50-day moving average price of $23.54 and a 200 day moving average price of $22.13.

Insider Activity

In other news, major shareholder Ludmila Smolyansky sold 15,000 shares of the firm’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $24.12, for a total value of $361,800.00. Following the completion of the sale, the insider now directly owns 1,040,549 shares in the company, valued at approximately $25,098,041.88. This trade represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Over the last 90 days, insiders sold 112,034 shares of company stock worth $2,584,117. Insiders own 18.86% of the company’s stock.

Institutional Investors Weigh In On Lifeway Foods

A number of hedge funds have recently added to or reduced their stakes in LWAY. Geode Capital Management LLC raised its stake 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 acquiring an additional 2,018 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Lifeway Foods by 48.5% in the second quarter. Marshall Wace LLP now owns 100,217 shares of the company’s stock valued at $1,280,000 after purchasing an additional 32,742 shares in the last quarter. De Lisle Partners LLP raised its position in Lifeway Foods by 30.7% in the 3rd quarter. De Lisle Partners LLP now owns 59,782 shares of the company’s stock worth $1,552,000 after purchasing an additional 14,051 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Lifeway Foods by 1.6% during the 4th quarter. Bank of New York Mellon Corp now owns 55,841 shares of the company’s stock worth $1,385,000 after buying an additional 868 shares in the last quarter. Finally, State Street Corp boosted its position in Lifeway Foods by 28.9% in the 3rd quarter. State Street Corp now owns 53,683 shares of the company’s stock valued at $1,391,000 after buying an additional 12,020 shares during the last quarter. Institutional investors own 36.39% of the company’s stock.

About Lifeway Foods

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Lifeway Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lifeway Foods and related companies with MarketBeat.com's FREE daily email newsletter.