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

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 10,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $22.67, for a total transaction of $226,700.00. Following the transaction, the insider now owns 985,549 shares in the company, valued at $22,342,395.83. The trade was a 1.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Friday, January 17th, Ludmila Smolyansky sold 12,034 shares of Lifeway Foods stock. The shares were sold at an average price of $22.55, for a total transaction of $271,366.70.
• On Monday, January 13th, Ludmila Smolyansky sold 30,000 shares of Lifeway Foods stock. The shares were sold at an average price of $22.24, for a total value of $667,200.00.
• 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 transaction of $1,057,050.00.
• 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 transaction of $361,800.00.

Lifeway Foods Price Performance

Shares of LWAY stock opened at $22.45 on Friday. The firm has a 50-day moving average of $23.77 and a 200-day moving average of $21.09. Lifeway Foods, Inc. has a one year low of $9.93 and a one year high of $28.61. The company has a market cap of $332.71 million, a P/E ratio of 26.10 and a beta of 1.02.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LWAY. Noble Financial cut shares of Lifeway Foods from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th. StockNews.com assumed coverage on Lifeway Foods in a research report on Friday. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Lifeway Foods

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd bought a new position in shares of Lifeway Foods in the third quarter valued at approximately $50,000. Rhumbline Advisers boosted its position 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 grew its stake in Lifeway Foods by 71.2% in the 3rd 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 during the period. Barclays PLC increased its position in shares of Lifeway Foods by 40.5% during the 3rd quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after purchasing an additional 1,849 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. bought a new stake in shares of Lifeway Foods during the 3rd quarter worth $212,000. Hedge funds and other institutional investors own 36.39% of the company’s 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.