Lifeway Foods (LWAY) Upgraded at Zacks Investment Research
Lifeway Foods (NASDAQ:LWAY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “LIFEWAY FOODS, INC. produces Kefir, a drinkable product similar to, but distinct from yogurt, in several flavors sold under the name Lifeway’s Kefir. “
Separately, ValuEngine downgraded Lifeway Foods from a “hold” rating to a “sell” rating in a research note on Sunday.
In related news, Director Ludmila Smolyansky sold 15,209 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $8.27, for a total transaction of $125,778.43. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 19,530 shares of company stock worth $161,435. 49.83% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the stock. Algert Global LLC acquired a new position in Lifeway Foods during the 3rd quarter worth approximately $481,000. Northern Trust Corp raised its stake in Lifeway Foods by 1.3% during the 2nd quarter. Northern Trust Corp now owns 62,380 shares of the company’s stock worth $582,000 after buying an additional 819 shares during the period. State Street Corp raised its stake in Lifeway Foods by 5.1% during the 2nd quarter. State Street Corp now owns 86,730 shares of the company’s stock worth $811,000 after buying an additional 4,203 shares during the period. Vanguard Group Inc. raised its stake in Lifeway Foods by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 231,997 shares of the company’s stock worth $2,166,000 after buying an additional 3,052 shares during the period. Finally, FMR LLC raised its stake in Lifeway Foods by 0.9% during the 2nd quarter. FMR LLC now owns 279,939 shares of the company’s stock worth $2,615,000 after buying an additional 2,513 shares during the period. 16.47% of the stock is currently owned by institutional investors and hedge funds.
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Lifeway Foods Company Profile
Lifeway Foods, Inc (Lifeway) is engaged in the manufacturing of probiotic, cultured, functional dairy health food products. The Company is engaged in the sale of fermented dairy products, which are produced and are sold to consumers through a network of distributors and retailers in the United States.
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