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

Analysts at StockNews.com initiated coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the stock.

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

Lifeway Foods Price Performance

NASDAQ LWAY opened at $23.00 on Thursday. The company has a market cap of $340.77 million, a P/E ratio of 26.74 and a beta of 1.02. The stock has a 50-day moving average of $24.22 and a two-hundred day moving average of $20.65. Lifeway Foods has a 1-year low of $9.93 and a 1-year high of $28.61.

Insider Activity

In other news, major shareholder Ludmila Smolyansky sold 45,000 shares of Lifeway Foods stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.49, for a total transaction of $1,057,050.00. Following the completion of the sale, the insider now directly owns 1,025,549 shares of the company’s stock, valued at approximately $24,090,146.01. The trade was a 4.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 18.86% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LWAY. JPMorgan Chase & Co. increased its holdings in shares of Lifeway Foods by 451.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,576 shares of the company’s stock valued at $274,000 after acquiring an additional 8,658 shares during the period. Barclays PLC raised its position in Lifeway Foods by 40.5% in the third quarter. Barclays PLC now owns 6,420 shares of the company’s stock worth $167,000 after acquiring an additional 1,849 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Lifeway Foods by 1.8% in 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 during the period. State Street Corp lifted its position in shares of Lifeway Foods by 28.9% during the 3rd quarter. State Street Corp now owns 53,683 shares of the company’s stock valued at $1,391,000 after acquiring an additional 12,020 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in Lifeway Foods in the third quarter valued at $679,000. Institutional investors and hedge funds 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.