Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Ludmila Smolyansky Sells 10,000 Shares

Lifeway Foods, Inc. (NASDAQ:LWAY) major shareholder Ludmila Smolyansky sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 11th. The stock was sold at an average price of $21.31, for a total transaction of $213,100.00. Following the transaction, the insider now owns 17,343 shares of the company’s stock, valued at $369,579.33. This represents a 36.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 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 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 transaction of $271,366.70.
• 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 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 transaction of $667,200.00.
• 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.
• 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 2.2 %

LWAY stock opened at $22.47 on Friday. The company has a market capitalization of $333.01 million, a P/E ratio of 26.13 and a beta of 1.01. The company has a 50-day simple moving average of $23.15 and a 200 day simple moving average of $22.46. Lifeway Foods, Inc. has a fifty-two week low of $9.93 and a fifty-two week high of $28.61.

Institutional Investors Weigh In On Lifeway Foods

Institutional investors have recently bought and sold shares of the stock. Harbour Capital Advisors LLC acquired a new stake in Lifeway Foods in the 3rd quarter valued at about $398,000. Cutter & CO Brokerage Inc. acquired a new stake in Lifeway Foods in the 3rd quarter valued at about $212,000. Covestor Ltd acquired a new stake in Lifeway Foods in the 3rd quarter valued at about $50,000. Los Angeles Capital Management LLC acquired a new stake in Lifeway Foods in the 3rd quarter valued at about $1,237,000. Finally, Towerview LLC acquired a new stake in Lifeway Foods in the 3rd quarter valued at about $518,000. Institutional investors and hedge funds own 36.39% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Lifeway Foods in a report on Monday, February 10th. They issued a “hold” rating for the company.

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.