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

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

Lifeway Foods Stock Performance

Shares of NASDAQ LWAY opened at $22.17 on Tuesday. The company has a market capitalization of $328.57 million, a P/E ratio of 25.78 and a beta of 1.01. Lifeway Foods has a 52-week low of $9.93 and a 52-week high of $28.61. The company’s 50 day moving average price is $22.98 and its 200-day moving average price is $22.83.

Insider Activity

In other news, major shareholder Ludmila Smolyansky sold 45,000 shares of Lifeway Foods stock in a transaction on Monday, January 6th. The shares were 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 $24,090,146.01. The trade was a 4.20 % decrease in their position. The transaction was disclosed in a legal 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.

Institutional Trading of Lifeway Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sagefield Capital LP bought a new stake in Lifeway Foods during the 4th quarter valued at $211,000. Lazard Asset Management LLC increased its stake in Lifeway Foods by 12.1% during the 4th quarter. Lazard Asset Management LLC now owns 14,826 shares of the company’s stock valued at $367,000 after purchasing an additional 1,605 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Lifeway Foods during the 4th quarter valued at $221,000. Divisadero Street Capital Management LP bought a new stake in Lifeway Foods during the 4th quarter valued at $2,925,000. Finally, Beryl Capital Management LLC bought a new stake in Lifeway Foods during the 4th quarter valued at $3,607,000. 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.