Ludmila Smolyansky Sells 45,000 Shares of Lifeway Foods, Inc. (NASDAQ:LWAY) Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 45,000 shares of Lifeway Foods stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $23.49, for a total transaction of $1,057,050.00. Following the transaction, the insider now directly owns 1,025,549 shares in the company, valued at approximately $24,090,146.01. This represents a 4.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 Friday, January 3rd, Ludmila Smolyansky sold 15,000 shares of Lifeway Foods stock. The shares were sold at an average price of $24.12, for a total value of $361,800.00.

Lifeway Foods Stock Down 0.5 %

Shares of Lifeway Foods stock traded down $0.12 during trading on Tuesday, hitting $23.10. 56,958 shares of the stock traded hands, compared to its average volume of 97,240. The firm’s fifty day moving average is $24.28 and its 200-day moving average is $20.57. The stock has a market cap of $342.25 million, a price-to-earnings ratio of 26.86 and a beta of 1.02. Lifeway Foods, Inc. has a 52 week low of $9.93 and a 52 week high of $28.61.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in LWAY. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Lifeway Foods in the third quarter worth about $1,270,000. Los Angeles Capital Management LLC purchased a new stake in Lifeway Foods in the third quarter worth $1,237,000. American Century Companies Inc. bought a new stake in Lifeway Foods in the second quarter valued at $593,000. Cornercap Investment Counsel Inc. purchased a new position in Lifeway Foods during the 2nd quarter valued at $539,000. Finally, Bank of Montreal Can bought a new position in Lifeway Foods in the 2nd quarter worth $432,000. 36.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on LWAY shares. Noble Financial lowered shares of Lifeway Foods from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. StockNews.com started coverage on Lifeway Foods in a research note on Wednesday, January 1st. They issued a “hold” rating on the stock.

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.