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 company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $24.12, for a total transaction of $361,800.00. Following the sale, the insider now directly owns 1,040,549 shares in the company, valued at $25,098,041.88. This trade represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 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 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.

Lifeway Foods Price Performance

NASDAQ:LWAY opened at $23.10 on Wednesday. The company has a market cap of $342.25 million, a P/E ratio of 26.86 and a beta of 1.02. The firm’s fifty day moving average price is $24.28 and its two-hundred day moving average price is $20.57. Lifeway Foods, Inc. has a one year low of $9.93 and a one year high of $28.61.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LWAY. StockNews.com assumed coverage on shares of Lifeway Foods in a research note on Wednesday, January 1st. They issued a “hold” rating for the company. Noble Financial cut Lifeway Foods from an “outperform” rating to a “market perform” rating in a research report on Tuesday, September 24th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of LWAY. Point72 Asset Management L.P. bought a new stake in shares of Lifeway Foods during the third quarter worth approximately $679,000. Los Angeles Capital Management LLC acquired a new stake in Lifeway Foods during the 3rd quarter worth approximately $1,237,000. Acadian Asset Management LLC boosted its stake in Lifeway Foods by 184.0% in the 2nd quarter. Acadian Asset Management LLC now owns 46,184 shares of the company’s stock valued at $589,000 after purchasing an additional 29,922 shares during the period. Cornercap Investment Counsel Inc. acquired a new position in Lifeway Foods in the 2nd quarter valued at $539,000. Finally, American Century Companies Inc. acquired a new position in Lifeway Foods in the 2nd quarter valued at $593,000. Institutional investors and hedge funds 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.