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 company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $22.67, for a total transaction of $226,700.00. Following the sale, the insider now directly owns 985,549 shares in the company, valued at $22,342,395.83. This represents a 1.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $22.55, for a total value 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 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 Trading Up 0.3 %

Shares of NASDAQ:LWAY opened at $22.45 on Monday. Lifeway Foods, Inc. has a 1-year low of $9.93 and a 1-year high of $28.61. The stock has a market capitalization of $332.62 million, a P/E ratio of 26.10 and a beta of 1.02. The business has a 50-day moving average price of $23.77 and a two-hundred day moving average price of $21.21.

Institutional Investors Weigh In On Lifeway Foods

Several institutional investors have recently modified their holdings of the business. Covestor Ltd bought a new position in Lifeway Foods in the third quarter valued at approximately $50,000. Rhumbline Advisers boosted its position in shares of Lifeway Foods by 2,334.0% in the 2nd 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 shares of Lifeway Foods by 71.2% during the third quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock worth $72,000 after purchasing an additional 1,155 shares during the period. Barclays PLC grew its stake in shares of Lifeway Foods by 40.5% during the third quarter. Barclays PLC now owns 6,420 shares of the company’s stock worth $167,000 after purchasing an additional 1,849 shares during the period. Finally, Cutter & CO Brokerage Inc. bought a new stake in Lifeway Foods in the third quarter valued at about $212,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on LWAY shares. Noble Financial downgraded shares of Lifeway Foods from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th. StockNews.com initiated coverage on shares of Lifeway Foods in a research report on Friday. They issued a “hold” rating for the company.

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.