Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells $361,800.00 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 15,000 shares of the business’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $24.12, for a total transaction of $361,800.00. Following the sale, the insider now directly owns 1,040,549 shares of the company’s stock, valued at approximately $25,098,041.88. This represents a 1.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 Monday, January 6th, Ludmila Smolyansky sold 45,000 shares of Lifeway Foods stock. The shares were sold at an average price of $23.49, for a total value of $1,057,050.00.

Lifeway Foods Stock Down 0.4 %

Lifeway Foods stock opened at $23.00 on Friday. The firm has a 50-day moving average price of $24.15 and a two-hundred day moving average price of $20.66. Lifeway Foods, Inc. has a 52-week low of $9.93 and a 52-week high of $28.61. The firm has a market capitalization of $340.77 million, a price-to-earnings ratio of 26.74 and a beta of 1.02.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LWAY. StockNews.com initiated coverage on Lifeway Foods in a research report on Thursday. They set a “hold” rating on the stock. Noble Financial lowered Lifeway Foods from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th.

Hedge Funds Weigh In On Lifeway Foods

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Asset Management L.P. bought a new stake in Lifeway Foods during the 3rd quarter valued at $679,000. Los Angeles Capital Management LLC acquired a new position in shares of Lifeway Foods during the third quarter valued at $1,237,000. Acadian Asset Management LLC raised its stake in shares of Lifeway Foods by 184.0% during the second quarter. Acadian Asset Management LLC now owns 46,184 shares of the company’s stock valued at $589,000 after purchasing an additional 29,922 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new stake in Lifeway Foods in the second quarter worth about $539,000. Finally, American Century Companies Inc. bought a new position in Lifeway Foods in the 2nd quarter valued at about $593,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

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.