Lifeway Foods (NASDAQ:LWAY) Coverage Initiated by Analysts at StockNews.com

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

Lifeway Foods Price Performance

Shares of Lifeway Foods stock opened at $20.91 on Thursday. The firm has a market cap of $309.80 million, a price-to-earnings ratio of 24.31 and a beta of 1.01. The stock’s 50-day moving average is $22.53 and its 200-day moving average is $23.33. Lifeway Foods has a one year low of $10.06 and a one year high of $28.61.

Insider Buying and Selling

In related news, major shareholder Ludmila Smolyansky sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $21.31, for a total transaction of $213,100.00. Following the sale, the insider now owns 17,343 shares in the company, valued at approximately $369,579.33. This represents a 36.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 122,034 shares of company stock worth $2,797,217. Corporate insiders own 18.86% of the company’s stock.

Institutional Trading of Lifeway Foods

Several institutional investors and hedge funds have recently bought and sold shares of LWAY. Covestor Ltd bought a new stake in Lifeway Foods during the third quarter worth about $50,000. Los Angeles Capital Management LLC bought a new stake in Lifeway Foods during the third quarter worth about $1,237,000. Towerview LLC bought a new stake in Lifeway Foods during the third quarter worth about $518,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Lifeway Foods during the third quarter worth about $1,270,000. Finally, BNP Paribas Financial Markets raised its holdings in Lifeway Foods by 71.2% during the third quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock worth $72,000 after acquiring an additional 1,155 shares in the last quarter. Institutional investors 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.