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

StockNews.com began coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a report released on Saturday morning. The brokerage issued a hold rating on the stock.

Lifeway Foods Stock Up 0.7 %

Shares of Lifeway Foods stock opened at $23.36 on Friday. The firm has a market cap of $346.20 million, a PE ratio of 27.16 and a beta of 1.02. The company’s fifty day simple moving average is $23.72 and its two-hundred day simple moving average is $21.52. Lifeway Foods has a 12-month low of $9.93 and a 12-month high of $28.61.

Insider Transactions at Lifeway Foods

In related news, major shareholder Ludmila Smolyansky sold 10,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 985,549 shares of the company’s stock, valued at $22,342,395.83. This represents a 1.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 112,034 shares of company stock worth $2,584,117. 18.86% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in LWAY. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Lifeway Foods in the third quarter worth $1,270,000. Los Angeles Capital Management LLC bought a new position in shares of Lifeway Foods in the 3rd quarter worth about $1,237,000. American Century Companies Inc. purchased a new position in shares of Lifeway Foods during the second quarter valued at approximately $593,000. Bank of Montreal Can bought a new stake in Lifeway Foods in the second quarter worth $432,000. Finally, Marshall Wace LLP grew its position in Lifeway Foods by 48.5% during the 2nd quarter. Marshall Wace LLP now owns 100,217 shares of the company’s stock valued at $1,280,000 after purchasing an additional 32,742 shares during the last quarter. Institutional investors own 36.39% of the company’s stock.

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.