Ludmila Smolyansky Sells 12,034 Shares of Lifeway Foods, Inc. (NASDAQ:LWAY) 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 completion of the transaction, the insider now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major 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 Wednesday, January 15th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The shares were sold at an average price of $22.67, for a total transaction of $226,700.00.
• On Monday, January 13th, Ludmila Smolyansky sold 30,000 shares of Lifeway Foods stock. The stock was 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 shares were sold at an average price of $24.12, for a total value of $361,800.00.

Lifeway Foods Stock Performance

LWAY stock traded up $0.06 during midday trading on Friday, reaching $22.45. The company’s stock had a trading volume of 53,325 shares, compared to its average volume of 74,566. The firm has a market capitalization of $332.71 million, a price-to-earnings ratio of 26.10 and a beta of 1.02. Lifeway Foods, Inc. has a 1 year low of $9.93 and a 1 year high of $28.61. The stock has a fifty day simple moving average of $23.79 and a two-hundred day simple moving average of $21.02.

Analyst Upgrades and Downgrades

LWAY has been the topic of a number of analyst reports. 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 initiated coverage on shares of Lifeway Foods in a report on Friday. They set a “hold” rating on the stock.

Hedge Funds Weigh In On Lifeway Foods

Hedge funds have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in Lifeway Foods in the third quarter worth approximately $1,270,000. Los Angeles Capital Management LLC purchased a new stake in shares of Lifeway Foods in the 3rd quarter worth $1,237,000. American Century Companies Inc. purchased a new stake in shares of Lifeway Foods in the 2nd quarter worth $593,000. Bank of Montreal Can bought a new position in shares of Lifeway Foods during the 2nd quarter worth $432,000. Finally, Marshall Wace LLP increased its stake in shares of Lifeway Foods by 48.5% during the second quarter. Marshall Wace LLP now owns 100,217 shares of the company’s stock valued at $1,280,000 after buying an additional 32,742 shares during the period. 36.39% of the stock is currently owned by institutional investors.

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.