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

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

Separately, Noble Financial lowered Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th.

Lifeway Foods Stock Up 0.3 %

LWAY opened at $22.45 on Friday. The business has a fifty day simple moving average of $23.77 and a 200-day simple moving average of $21.21. The firm has a market cap of $332.62 million, a PE ratio of 26.10 and a beta of 1.02. Lifeway Foods has a fifty-two week low of $9.93 and a fifty-two week high of $28.61.

Insider Buying and Selling

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $22.67, for a total transaction of $226,700.00. Following the transaction, the insider now directly owns 985,549 shares in the company, valued at $22,342,395.83. This trade 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 the SEC website. Over the last ninety days, insiders sold 112,034 shares of company stock worth $2,584,117. Corporate insiders own 18.86% of the company’s stock.

Hedge Funds Weigh In On Lifeway Foods

Several institutional investors have recently bought and sold shares of LWAY. Bank of New York Mellon Corp raised its holdings in Lifeway Foods by 56.6% during the second quarter. Bank of New York Mellon Corp now owns 58,589 shares of the company’s stock valued at $748,000 after buying an additional 21,168 shares in the last quarter. Rhumbline Advisers grew its position in shares of Lifeway Foods by 2,334.0% in 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 during the last quarter. American Century Companies Inc. acquired a new stake in shares of Lifeway Foods in the second quarter valued at about $593,000. Renaissance Technologies LLC grew its position in shares of Lifeway Foods by 7.1% in the second quarter. Renaissance Technologies LLC now owns 454,682 shares of the company’s stock valued at $5,806,000 after purchasing an additional 30,000 shares during the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Lifeway Foods in the second quarter valued at about $432,000. 36.39% of the stock is currently owned by institutional investors.

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.