Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Ludmila Smolyansky Sells 15,000 Shares

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 15,000 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $24.12, for a total value of $361,800.00. Following the completion of the sale, the insider now directly owns 1,040,549 shares in the company, valued at approximately $25,098,041.88. The trade was a 1.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases 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 transaction of $1,057,050.00.

Lifeway Foods Stock Performance

NASDAQ:LWAY traded down $0.12 during mid-day trading on Tuesday, reaching $23.10. The stock had a trading volume of 56,958 shares, compared to its average volume of 97,240. The stock has a market capitalization of $342.25 million, a P/E ratio of 26.86 and a beta of 1.02. Lifeway Foods, Inc. has a one year low of $9.93 and a one year high of $28.61. The firm has a 50 day moving average price of $24.28 and a two-hundred day moving average price of $20.57.

Wall Street Analyst Weigh In

A number of equities analysts have commented on LWAY shares. Noble Financial cut 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 Wednesday, January 1st. They issued a “hold” rating for the company.

Hedge Funds Weigh In On Lifeway Foods

Several large investors have recently modified their holdings of the stock. Covestor Ltd bought a new stake in shares of Lifeway Foods during the third quarter valued at approximately $50,000. Rhumbline Advisers increased its holdings in 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 purchasing an additional 4,668 shares during the period. BNP Paribas Financial Markets increased its holdings in Lifeway Foods by 71.2% during the third 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 during the period. Quest Partners LLC bought a new position in Lifeway Foods in the second quarter worth about $82,000. Finally, Barclays PLC lifted its holdings 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. 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.