Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Ludmila Smolyansky Sells 30,000 Shares

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $22.24, for a total transaction of $667,200.00. Following the sale, the insider now owns 995,549 shares in the company, valued at $22,141,009.76. This represents a 2.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Friday, January 17th, Ludmila Smolyansky sold 12,034 shares of Lifeway Foods stock. The stock was 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.
• On Monday, January 6th, Ludmila Smolyansky sold 45,000 shares of Lifeway Foods stock. The stock was sold at an average price of $23.49, for a total value of $1,057,050.00.
• On Friday, January 3rd, Ludmila Smolyansky sold 15,000 shares of Lifeway Foods stock. The stock was sold at an average price of $24.12, for a total value of $361,800.00.

Lifeway Foods Trading Up 0.3 %

LWAY opened at $22.45 on Friday. The stock has a fifty day moving average price of $23.77 and a 200 day moving average price of $21.09. Lifeway Foods, Inc. has a 1 year low of $9.93 and a 1 year high of $28.61. The stock has a market cap of $332.71 million, a price-to-earnings ratio of 26.10 and a beta of 1.02.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on LWAY shares. Noble Financial cut Lifeway Foods from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. StockNews.com began coverage on shares of Lifeway Foods in a research report on Friday. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Lifeway Foods

Large investors have recently made changes to their positions in the company. Covestor Ltd bought a new position in Lifeway Foods during the third quarter valued at approximately $50,000. Rhumbline Advisers grew its position in Lifeway Foods by 2,334.0% in 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 in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Lifeway Foods by 71.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock worth $72,000 after purchasing an additional 1,155 shares during the last quarter. Quest Partners LLC bought a new position in shares of Lifeway Foods during the 2nd quarter valued at $82,000. Finally, Barclays PLC lifted its stake in shares of Lifeway Foods by 40.5% in the 3rd quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after purchasing an additional 1,849 shares during the last quarter. 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.