Lifeway Foods (NASDAQ:LWAY) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Lifeway Foods (NASDAQ:LWAY - Free Report) in a research report sent to investors on Tuesday morning. The firm issued a hold rating on the stock.

Lifeway Foods Stock Down 0.4 %

Shares of Lifeway Foods stock traded down $0.08 during midday trading on Tuesday, hitting $22.21. The company's stock had a trading volume of 21,611 shares, compared to its average volume of 49,924. The firm has a market capitalization of $329.15 million, a P/E ratio of 25.83 and a beta of 1.01. The stock has a 50-day simple moving average of $22.98 and a 200-day simple moving average of $22.83. Lifeway Foods has a 1-year low of $9.93 and a 1-year high of $28.61.

Insider Activity at Lifeway Foods

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 45,000 shares of the business's stock in a transaction dated 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 of the company's stock, valued at $24,090,146.01. The trade was a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 122,034 shares of company stock valued at $2,797,217. Insiders own 18.86% of the company's stock.

Institutional Trading of Lifeway Foods

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Algert Global LLC lifted its position in shares of Lifeway Foods by 8.1% in the fourth quarter. Algert Global LLC now owns 9,076 shares of the company's stock worth $225,000 after buying an additional 680 shares during the last quarter. Barclays PLC lifted its position in shares of Lifeway Foods by 11.0% in the fourth quarter. Barclays PLC now owns 7,127 shares of the company's stock worth $176,000 after buying an additional 707 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Lifeway Foods by 33.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,855 shares of the company's stock worth $71,000 after purchasing an additional 718 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Lifeway Foods by 1.6% in the fourth quarter. Bank of New York Mellon Corp now owns 55,841 shares of the company's stock worth $1,385,000 after purchasing an additional 868 shares during the period. Finally, Gamco Investors INC. ET AL increased its stake in shares of Lifeway Foods by 0.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 120,350 shares of the company's stock worth $2,985,000 after purchasing an additional 1,050 shares during the period. Institutional investors and hedge funds 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.