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

StockNews.com started coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a report published on Sunday. The firm issued a hold rating on the stock.

Lifeway Foods Stock Down 2.2 %

NASDAQ:LWAY opened at $23.04 on Friday. The company has a fifty day moving average of $23.60 and a 200 day moving average of $21.97. Lifeway Foods has a 52 week low of $9.93 and a 52 week high of $28.61. The firm has a market capitalization of $341.45 million, a P/E ratio of 26.79 and a beta of 1.02.

Insider Activity at Lifeway Foods

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 45,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $23.49, for a total value of $1,057,050.00. Following the completion of the transaction, the insider now directly owns 1,025,549 shares in the company, valued at approximately $24,090,146.01. This represents a 4.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 112,034 shares of company stock worth $2,584,117 in the last three months. 18.86% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in Lifeway Foods by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 115,971 shares of the company’s stock worth $3,006,000 after purchasing an additional 2,018 shares in the last quarter. Marshall Wace LLP grew its position in shares of Lifeway Foods by 48.5% in the 2nd quarter. Marshall Wace LLP now owns 100,217 shares of the company’s stock worth $1,280,000 after buying an additional 32,742 shares during the period. De Lisle Partners LLP grew its position in shares of Lifeway Foods by 30.7% in the 3rd quarter. De Lisle Partners LLP now owns 59,782 shares of the company’s stock worth $1,552,000 after buying an additional 14,051 shares during the period. State Street Corp grew its position in shares of Lifeway Foods by 28.9% in the 3rd quarter. State Street Corp now owns 53,683 shares of the company’s stock worth $1,391,000 after buying an additional 12,020 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Lifeway Foods in the 3rd quarter worth about $1,270,000. 36.39% of the stock is currently owned by institutional investors.

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.