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 research report sent to investors on Thursday morning. The brokerage issued a hold rating on the stock.

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

Lifeway Foods Stock Down 2.4 %

Shares of NASDAQ:LWAY opened at $22.45 on Thursday. The firm’s 50 day moving average price is $24.00 and its 200-day moving average price is $20.80. The stock has a market capitalization of $332.62 million, a PE ratio of 26.10 and a beta of 1.02. Lifeway Foods has a twelve month low of $9.93 and a twelve month high of $28.61.

Insider Buying and Selling

In other Lifeway Foods news, major shareholder Ludmila Smolyansky sold 45,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $23.49, for a total value of $1,057,050.00. Following the completion of the sale, the insider now 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 filing with the SEC, which is accessible through the SEC website. 18.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Lifeway Foods

Hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its holdings in Lifeway Foods by 56.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 58,589 shares of the company’s stock worth $748,000 after purchasing an additional 21,168 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Lifeway Foods by 2,334.0% during the second quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock worth $62,000 after acquiring an additional 4,668 shares during the last quarter. Acadian Asset Management LLC grew its stake in Lifeway Foods by 184.0% during the second quarter. Acadian Asset Management LLC now owns 46,184 shares of the company’s stock valued at $589,000 after acquiring an additional 29,922 shares in the last quarter. Quest Partners LLC bought a new stake in Lifeway Foods in the 2nd quarter valued at $82,000. Finally, American Century Companies Inc. bought a new stake in Lifeway Foods in the 2nd quarter valued at $593,000. 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.