Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells $235,100.00 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, April 10th. The shares were sold at an average price of $23.51, for a total value of $235,100.00. Following the sale, the insider now owns 955,823 shares in the company, valued at approximately $22,471,398.73. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Ludmila Smolyansky also recently made the following trade(s):

• On Tuesday, February 11th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The stock was sold at an average price of $21.31, for a total transaction of $213,100.00.
• On Friday, January 17th, Ludmila Smolyansky sold 12,034 shares of Lifeway Foods stock. The shares were sold at an average price of $22.55, for a total transaction of $271,366.70.
• On Wednesday, January 15th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The shares were sold at an average price of $22.67, for a total transaction of $226,700.00.

Lifeway Foods Stock Up 1.6 %

Lifeway Foods stock traded up $0.38 during mid-day trading on Monday, hitting $23.60. 40,881 shares of the company were exchanged, compared to its average volume of 128,910. Lifeway Foods, Inc. has a 1-year low of $10.06 and a 1-year high of $28.61. The business has a fifty day moving average of $22.49 and a 200 day moving average of $23.78. The company has a market capitalization of $358.79 million, a PE ratio of 27.44 and a beta of 0.93.

Lifeway Foods (NASDAQ:LWAY) last released its quarterly earnings results on Friday, March 14th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.19). The firm had revenue of $46.93 million during the quarter, compared to analyst estimates of $48.00 million. Lifeway Foods had a net margin of 7.23% and a return on equity of 19.97%.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Lifeway Foods in a research note on Monday, April 7th. They set a “hold” rating for the company.

Hedge Funds Weigh In On Lifeway Foods

Several institutional investors have recently bought and sold shares of LWAY. Beryl Capital Management LLC bought a new position in shares of Lifeway Foods in the fourth quarter valued at about $3,607,000. TIG Advisors LLC bought a new stake in shares of Lifeway Foods during the fourth quarter valued at approximately $3,512,000. Divisadero Street Capital Management LP bought a new position in Lifeway Foods in the 4th quarter worth approximately $2,925,000. JPMorgan Chase & Co. lifted its holdings in Lifeway Foods by 712.8% during the 4th quarter. JPMorgan Chase & Co. now owns 85,959 shares of the company’s stock worth $2,132,000 after buying an additional 75,383 shares in the last quarter. Finally, Slotnik Capital LLC bought a new position in Lifeway Foods in the 4th quarter valued at $1,314,000. 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.