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

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 30,000 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $22.24, for a total transaction of $667,200.00. Following the completion of 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• 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 Down 1.4 %

LWAY opened at $22.39 on Friday. The stock has a market capitalization of $331.82 million, a P/E ratio of 26.03 and a beta of 1.02. The stock has a 50-day moving average price of $23.79 and a 200-day moving average price of $21.02. Lifeway Foods, Inc. has a 12-month low of $9.93 and a 12-month high of $28.61.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd bought a new stake in shares of Lifeway Foods in the 3rd quarter worth approximately $50,000. Rhumbline Advisers lifted its stake 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 purchasing an additional 4,668 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Lifeway Foods by 71.2% during the third quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock valued at $72,000 after buying an additional 1,155 shares during the period. Quest Partners LLC bought a new position in shares of Lifeway Foods during the second quarter valued at about $82,000. Finally, Barclays PLC increased its holdings in shares of Lifeway Foods by 40.5% in the third quarter. Barclays PLC now owns 6,420 shares of the company’s stock worth $167,000 after buying an additional 1,849 shares during the period. 36.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on LWAY shares. StockNews.com began coverage on Lifeway Foods in a report on Friday. They set a “hold” rating for the company. Noble Financial lowered shares of Lifeway Foods from an “outperform” rating to a “market perform” rating in a report on Tuesday, September 24th.

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.