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 stock was sold at an average price of $22.24, for a total transaction of $667,200.00. Following the completion of the transaction, the insider now directly owns 995,549 shares of the company’s stock, valued at $22,141,009.76. This trade represents a 2.93 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 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 Price Performance

NASDAQ:LWAY traded up $0.29 during mid-day trading on Wednesday, hitting $22.70. The company’s stock had a trading volume of 58,809 shares, compared to its average volume of 75,063. 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 $336.32 million, a price-to-earnings ratio of 26.40 and a beta of 1.02. The business’s fifty day moving average is $23.90 and its two-hundred day moving average is $20.99.

Institutional Investors Weigh In On Lifeway Foods

Hedge funds have recently added to or reduced their stakes in the business. Covestor Ltd purchased a new stake in Lifeway Foods in the third quarter valued at $50,000. Rhumbline Advisers boosted its stake in shares of Lifeway Foods by 2,334.0% during the 2nd 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 boosted 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 acquiring an additional 1,155 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Lifeway Foods during the 2nd quarter worth about $82,000. Finally, Barclays PLC boosted its stake in shares of Lifeway Foods by 40.5% during the 3rd quarter. Barclays PLC now owns 6,420 shares of the company’s stock worth $167,000 after acquiring an additional 1,849 shares in the last quarter. 36.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LWAY has been the topic of several research reports. StockNews.com initiated coverage on Lifeway Foods in a research report on Thursday, January 9th. They issued a “hold” rating on the stock. Noble Financial downgraded Lifeway Foods from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th.

About Lifeway Foods

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.