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

StockNews.com began coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research report sent to investors on Saturday. 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 report on Tuesday, September 24th.

Lifeway Foods Trading Down 1.5 %

LWAY stock opened at $24.45 on Friday. The stock has a market cap of $362.25 million, a P/E ratio of 28.43 and a beta of 1.05. The stock’s fifty day simple moving average is $25.47 and its two-hundred day simple moving average is $18.86. Lifeway Foods has a 1-year low of $9.93 and a 1-year high of $28.61.

Insiders Place Their Bets

In other news, major shareholder Ludmila Smolyansky sold 4,584 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $19.55, for a total transaction of $89,617.20. Following the transaction, the insider now owns 1,085,549 shares of the company’s stock, valued at $21,222,482.95. This represents a 0.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 18.86% of the company’s stock.

Institutional Investors Weigh In On Lifeway Foods

Several institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake 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 purchasing an additional 1,849 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Lifeway Foods by 1.8% in 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 during the period. State Street Corp grew its stake 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 in the last quarter. Point72 Asset Management L.P. bought a new stake in Lifeway Foods during the 3rd quarter valued at $679,000. Finally, Harvest Management LLC bought a new stake in Lifeway Foods during the 3rd quarter valued at $518,000. 36.39% of the stock is 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.