Analysts at StockNews.com started coverage on shares of Lifeway Foods (NASDAQ:LWAY - Get Free Report) in a report released on Friday. The firm set a "hold" rating on the stock.
Lifeway Foods Price Performance
LWAY stock opened at $20.42 on Friday. Lifeway Foods has a one year low of $10.06 and a one year high of $28.61. The stock has a market cap of $302.54 million, a PE ratio of 23.74 and a beta of 1.00. The firm has a 50 day simple moving average of $22.17 and a two-hundred day simple moving average of $23.39.
Insider Activity
In other news, major shareholder Ludmila Smolyansky sold 10,000 shares of the company's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $22.67, for a total value of $226,700.00. Following the completion of the sale, the insider now owns 985,549 shares of the company's stock, valued at approximately $22,342,395.83. This represents a 1.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders sold 122,034 shares of company stock valued at $2,797,217. Corporate insiders own 18.86% of the company's stock.
Institutional Investors Weigh In On Lifeway Foods
Institutional investors have recently made changes to their positions in the business. Covestor Ltd purchased a new stake in shares of Lifeway Foods in the 3rd quarter valued at $50,000. Wells Fargo & Company MN raised its holdings in Lifeway Foods by 33.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,855 shares of the company's stock valued at $71,000 after buying an additional 718 shares during the last quarter. BNP Paribas Financial Markets raised 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 during the last quarter. Rhumbline Advisers raised its holdings in Lifeway Foods by 23.3% during the 4th quarter. Rhumbline Advisers now owns 5,606 shares of the company's stock valued at $139,000 after buying an additional 1,059 shares during the last quarter. Finally, Barclays PLC raised its holdings 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 buying an additional 1,849 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.
Lifeway Foods Company Profile
(
Get Free Report)
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.
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