Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Ludmila Smolyansky Sells 10,000 Shares

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 10,000 shares of the company’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 directly 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 filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% 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 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.

Lifeway Foods Price Performance

Shares of NASDAQ LWAY opened at $23.60 on Tuesday. Lifeway Foods, Inc. has a 1-year low of $10.06 and a 1-year high of $28.61. The firm has a market capitalization of $358.79 million, a PE ratio of 27.44 and a beta of 0.93. The business’s fifty day moving average price is $22.52 and its two-hundred day moving average price is $23.76.

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

Analyst Ratings Changes

Separately, StockNews.com started coverage on Lifeway Foods in a research note on Tuesday. They issued a “hold” rating for the company.

Hedge Funds Weigh In On Lifeway Foods

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its position in Lifeway Foods by 33.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,855 shares of the company’s stock worth $71,000 after acquiring an additional 718 shares during the period. BNP Paribas Financial Markets raised its stake in shares of 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 purchasing an additional 1,155 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Lifeway Foods by 23.3% during the fourth quarter. Rhumbline Advisers now owns 5,606 shares of the company’s stock valued at $139,000 after purchasing an additional 1,059 shares in the last quarter. Barclays PLC lifted its holdings in 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 purchasing an additional 1,849 shares during the period. Finally, Sagefield Capital LP bought a new position in Lifeway Foods in the 4th quarter valued at about $211,000. 36.39% of the stock is owned by institutional investors.

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.