Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells $271,366.70 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 12,034 shares of Lifeway Foods stock in a transaction on Friday, January 17th. The stock was sold at an average price of $22.55, for a total transaction of $271,366.70. Following the sale, the insider now owns 965,823 shares of the company’s stock, valued at $21,779,308.65. The trade was a 1.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, January 15th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The stock was sold at an average price of $22.67, for a total value of $226,700.00.
• 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 transaction 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 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 transaction of $361,800.00.

Lifeway Foods Stock Up 0.3 %

LWAY opened at $22.45 on Monday. The business’s 50 day moving average is $23.77 and its two-hundred day moving average is $21.21. The firm has a market cap of $332.62 million, a price-to-earnings ratio of 26.10 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

Institutional investors have recently bought and sold shares of the business. Covestor Ltd acquired a new position in Lifeway Foods during the 3rd quarter worth approximately $50,000. Rhumbline Advisers raised its position in Lifeway Foods by 2,334.0% during the second quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock worth $62,000 after acquiring an additional 4,668 shares during the last quarter. BNP Paribas Financial Markets lifted 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 buying an additional 1,155 shares in the last quarter. Barclays PLC lifted its position in shares of Lifeway Foods by 40.5% in the third quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after acquiring an additional 1,849 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. acquired a new stake in shares of Lifeway Foods during the 3rd quarter worth about $212,000. 36.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LWAY shares. 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 report on Friday. They issued a “hold” rating on the stock.

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.