StockNews.com Begins Coverage on Lifeway Foods (NASDAQ:LWAY)

Equities researchers at StockNews.com assumed coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a note issued to investors on Thursday. The firm set a “hold” rating on the stock.

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

Lifeway Foods Trading Down 2.4 %

Lifeway Foods stock opened at $22.45 on Thursday. Lifeway Foods has a 1-year low of $9.93 and a 1-year high of $28.61. The firm’s fifty day simple moving average is $24.00 and its 200-day simple moving average is $20.75. The company has a market capitalization of $332.62 million, a P/E ratio of 26.10 and a beta of 1.02.

Insider Transactions at Lifeway Foods

In other news, major shareholder Ludmila Smolyansky sold 15,000 shares of Lifeway Foods stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $24.12, for a total value of $361,800.00. Following the transaction, the insider now directly owns 1,040,549 shares in the company, valued at approximately $25,098,041.88. The trade was a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 18.86% of the stock is owned by corporate insiders.

Institutional Trading of Lifeway Foods

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Lifeway Foods by 451.4% during the third quarter. JPMorgan Chase & Co. now owns 10,576 shares of the company’s stock worth $274,000 after buying an additional 8,658 shares during the last quarter. Barclays PLC raised its stake in Lifeway Foods by 40.5% during the 3rd quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after purchasing an additional 1,849 shares during 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 valued at $3,006,000 after purchasing an additional 2,018 shares during the period. State Street Corp boosted its holdings 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 purchasing an additional 12,020 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in Lifeway Foods in the 3rd quarter worth $679,000. Institutional investors and hedge funds 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.