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

StockNews.com started coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research report released on Friday. The firm issued a hold rating on the stock.

Separately, Noble Financial lowered Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th.

Lifeway Foods Stock Up 0.3 %

Lifeway Foods stock opened at $22.45 on Friday. The firm has a 50 day moving average price of $23.77 and a 200-day moving average price of $21.09. Lifeway Foods has a twelve month low of $9.93 and a twelve month high of $28.61. The company has a market capitalization of $332.71 million, a P/E ratio of 26.10 and a beta of 1.02.

Insiders Place Their Bets

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 30,000 shares of the business’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $22.24, for a total transaction of $667,200.00. Following the sale, the insider now owns 995,549 shares of the company’s stock, valued at $22,141,009.76. The trade was a 2.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 112,034 shares of company stock worth $2,584,117 over the last quarter. 18.86% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Lifeway Foods

Several hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted 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 in the last quarter. Barclays PLC lifted its holdings in shares of Lifeway Foods by 40.5% in the third quarter. Barclays PLC now owns 6,420 shares of the company’s stock worth $167,000 after buying an additional 1,849 shares in the last quarter. Covestor Ltd bought a new position in shares of Lifeway Foods in the third quarter valued at approximately $50,000. Geode Capital Management LLC grew its stake in Lifeway Foods by 1.8% during the third quarter. Geode Capital Management LLC now owns 115,971 shares of the company’s stock valued at $3,006,000 after acquiring an additional 2,018 shares in the last quarter. Finally, Rhumbline Advisers increased its holdings in Lifeway Foods by 2,334.0% during the 2nd quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock worth $62,000 after acquiring an additional 4,668 shares during the period. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

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.