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

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

Lifeway Foods Stock Performance

LWAY opened at $23.15 on Friday. The business’s 50-day simple moving average is $23.72 and its 200 day simple moving average is $21.59. Lifeway Foods has a 52-week low of $9.93 and a 52-week high of $28.61. The firm has a market capitalization of $343.08 million, a PE ratio of 26.92 and a beta of 1.02.

Insider Transactions at Lifeway Foods

In other news, major shareholder Ludmila Smolyansky sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.49, for a total value of $1,057,050.00. Following the completion of the sale, the insider now directly owns 1,025,549 shares of the company’s stock, valued at $24,090,146.01. This trade represents a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders have sold 112,034 shares of company stock worth $2,584,117 in the last ninety days. Insiders own 18.86% of the company’s stock.

Institutional Investors Weigh In On Lifeway Foods

A number of large investors have recently added to or reduced their stakes in LWAY. Rhumbline Advisers increased its holdings in shares of 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 purchasing an additional 4,668 shares during the last quarter. American Century Companies Inc. bought a new position in Lifeway Foods in the 2nd quarter valued at about $593,000. Bank of Montreal Can acquired a new stake in Lifeway Foods during the second quarter worth approximately $432,000. Marshall Wace LLP boosted its holdings in shares of Lifeway Foods by 48.5% during the second quarter. Marshall Wace LLP now owns 100,217 shares of the company’s stock worth $1,280,000 after acquiring an additional 32,742 shares during the period. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Lifeway Foods in the third quarter valued at approximately $398,000. Institutional investors own 36.39% of the company’s stock.

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.