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

Equities researchers at StockNews.com started coverage on shares of Lifeway Foods (NASDAQ:LWAY - Get Free Report) in a report issued on Friday. The brokerage set a "hold" rating on the stock.

Separately, Noble Financial lowered shares of Lifeway Foods from an "outperform" rating to a "market perform" rating in a research report on Tuesday, September 24th.

Lifeway Foods Trading Up 0.3 %

NASDAQ LWAY traded up $0.08 during trading hours on Friday, hitting $24.26. 116,891 shares of the company's stock traded hands, compared to its average volume of 144,791. The business's fifty day moving average price is $25.15 and its two-hundred day moving average price is $18.97. The firm has a market capitalization of $359.53 million, a P/E ratio of 28.12 and a beta of 1.05. Lifeway Foods has a 52 week low of $9.93 and a 52 week high of $28.61.

Insider Buying and Selling at Lifeway Foods

In other news, major shareholder Ludmila Smolyansky sold 15,000 shares of the business's stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $18.19, for a total value of $272,850.00. Following the transaction, the insider now owns 1,110,133 shares of the company's stock, valued at approximately $20,193,319.27. The trade was a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 18.86% of the company's stock.

Hedge Funds Weigh In On Lifeway Foods

Several hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in shares of Lifeway Foods by 71.2% in the third quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company's stock worth $72,000 after buying an additional 1,155 shares in the last quarter. Barclays PLC raised its stake in Lifeway Foods by 40.5% during the third quarter. Barclays PLC now owns 6,420 shares of the company's stock valued at $167,000 after purchasing an additional 1,849 shares in the last quarter. Covestor Ltd purchased a new stake in Lifeway Foods during the third quarter valued at $50,000. Geode Capital Management LLC raised its stake in Lifeway Foods by 1.8% during the third quarter. Geode Capital Management LLC now owns 115,971 shares of the company's stock valued at $3,006,000 after purchasing an additional 2,018 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in Lifeway Foods by 2,334.0% during the second quarter. Rhumbline Advisers now owns 4,868 shares of the company's stock valued at $62,000 after purchasing an additional 4,668 shares in the last quarter. Hedge funds and other 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.