Lifeway Foods (NASDAQ:LWAY) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a report issued on Monday. The firm issued a hold rating on the stock.

Lifeway Foods Stock Up 0.6 %

Shares of Lifeway Foods stock opened at $21.61 on Monday. The firm has a market cap of $320.26 million, a price-to-earnings ratio of 25.13 and a beta of 1.01. The business has a fifty day simple moving average of $23.26 and a 200-day simple moving average of $22.47. Lifeway Foods has a fifty-two week low of $9.93 and a fifty-two week high of $28.61.

Insider Transactions at Lifeway Foods

In other Lifeway Foods 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 owns 1,025,549 shares in the company, valued at approximately $24,090,146.01. This trade represents a 4.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders sold 112,034 shares of company stock worth $2,584,117. 18.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lifeway Foods

Hedge funds and other institutional investors have recently bought and sold shares of the business. Harbour Capital Advisors LLC acquired a new stake in shares of Lifeway Foods in the 3rd quarter valued at $398,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of Lifeway Foods in the 3rd quarter valued at $212,000. Covestor Ltd acquired a new stake in shares of Lifeway Foods in the 3rd quarter valued at $50,000. Los Angeles Capital Management LLC acquired a new stake in shares of Lifeway Foods in the 3rd quarter valued at $1,237,000. Finally, Towerview LLC acquired a new stake in shares of Lifeway Foods in the 3rd quarter valued at $518,000. 36.39% of the stock is owned by institutional investors and hedge funds.

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.