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

StockNews.com assumed coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research note issued to investors on Wednesday. The firm issued a hold rating on the stock.

Lifeway Foods Trading Up 0.6 %

NASDAQ:LWAY opened at $21.15 on Wednesday. Lifeway Foods has a 12-month low of $10.06 and a 12-month high of $28.61. The stock has a 50-day moving average price of $22.73 and a 200 day moving average price of $23.18. The stock has a market capitalization of $313.36 million, a P/E ratio of 24.59 and a beta of 1.01.

Insider Buying and Selling at Lifeway Foods

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $21.31, for a total transaction of $213,100.00. Following the completion of the transaction, the insider now owns 17,343 shares in the company, valued at $369,579.33. This trade represents a 36.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders sold 122,034 shares of company stock worth $2,797,217 in the last quarter. 18.86% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lifeway Foods

Institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new position in Lifeway Foods during the 3rd quarter valued at approximately $679,000. Los Angeles Capital Management LLC purchased a new position in Lifeway Foods during the 3rd quarter valued at approximately $1,237,000. BNP Paribas Financial Markets grew 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 valued at $72,000 after buying an additional 1,155 shares in the last quarter. State Street Corp grew its holdings in Lifeway Foods by 28.9% during 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. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Lifeway Foods during the 3rd quarter valued at approximately $1,270,000. Hedge funds and other 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.